| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 86th | Best |
| Amenities | 97th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4202 4th Ave, San Diego, CA, 92103, US |
| Region / Metro | San Diego |
| Year of Construction | 1988 |
| Units | 30 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4202 4th Ave San Diego Multifamily Investment
Positioned in an urban core pocket with a high share of renter-occupied housing at the neighborhood level, the asset benefits from steady tenant demand and amenity depth, according to WDSuite’s CRE market data. Neighborhood occupancy trends sit near metro norms with modest national outperformance, supporting durable leasing while allowing for disciplined revenue management.
The property sits in San Diego’s Urban Core with an A+ neighborhood rating (ranked 9th among 621 metro neighborhoods), signaling strong fundamentals for multifamily. Amenity access is a standout: the neighborhood is competitive nationally with top-tier concentrations of restaurants, cafes, groceries, parks, and pharmacies (amenities sit in the high national percentiles), which supports renter convenience and lease retention.
At the neighborhood level, occupancy is around the metro middle but above national norms (60th percentile), indicating generally stable leasing conditions without overheating. The renter-occupied share of housing units is elevated at the neighborhood level (71.2%), which points to a deep tenant base and consistent multifamily demand across cycles.
Within a 3-mile radius, demographics indicate population growth alongside a larger household base and slightly smaller average household sizes over time. Projections show continued increases in households and income growth, expanding the renter pool and supporting occupancy stability. These trends align with sustained demand for well-located apartments near employment and services.
Ownership costs in the area are high relative to incomes (elevated home values and a high value-to-income ratio), which tends to keep more households in the renter market for longer. For investors, this dynamic can support pricing power and lease retention while keeping an eye on affordability pressure management given rent levels versus incomes.
Safety indicators are mixed and should be incorporated into underwriting. The neighborhood’s safety rank is toward the lower end of San Diego’s 621 neighborhoods and sits below the national median, indicating elevated crime exposure relative to many U.S. neighborhoods. Property crime measures remain high compared with national benchmarks, though the latest year shows an improvement. Violent crime indicators are comparatively weaker and have trended higher year over year.
Investors may want to consider measures such as lighting, controlled access, and partnership with professional security providers, as appropriate, to support tenant experience and retention. Monitoring city and neighborhood trendlines can help determine whether recent changes represent noise or a sustained shift.
Proximity to major employers supports a strong renter base and commute convenience for workforce and professional tenants. Nearby anchors include Sempra Energy, L3Harris (Telemetry & RF Products), Celgene, Qualcomm, and Sysco.
- Sempra Energy — energy infrastructure (2.4 miles) — HQ
- L3Harris (Telemetry & RF Products) — defense & aerospace (4.9 miles)
- Celgene Corporation — biotech (9.5 miles)
- Qualcomm — semiconductors & wireless (10.1 miles) — HQ
- Sysco — food distribution (14.1 miles)
This 30-unit asset at 4202 4th Ave is embedded in a top-ranked urban neighborhood with exceptional amenity access and a deep renter pool. Neighborhood occupancy sits near the metro middle yet above national norms, while high ownership costs in the area reinforce reliance on multifamily housing. Based on CRE market data from WDSuite, these dynamics point to steady demand with room for targeted revenue management rather than dependence on outsized rent growth.
Built in 1988, the property is similar in vintage to the neighborhood average, suggesting potential for selective renovations and systems modernization to elevate competitive positioning without a full repositioning scope. The 3-mile catchment shows population and household growth alongside rising incomes, expanding the tenant base and supporting occupancy stability, though operators should balance pricing with affordability considerations and address local safety risk in asset plans.
- Top-tier urban location with high national amenity rankings supporting renter appeal and lease retention
- Renter-occupied share is high at the neighborhood level, indicating depth of tenant demand
- Occupancy around metro norms with modest national outperformance allows disciplined revenue management
- 1988 vintage offers value-add via targeted unit upgrades and building systems modernization
- Risks: below-average safety metrics and affordability pressures; plan for security, Opex controls, and calibrated pricing