| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 86th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4611 Ohio St, San Diego, CA, 92116, US |
| Region / Metro | San Diego |
| Year of Construction | 1972 |
| Units | 36 |
| Transaction Date | 2015-03-09 |
| Transaction Price | $6,800,000 |
| Buyer | HS PARTNERS LLC |
| Seller | OHIO 4611 LP |
4611 Ohio St San Diego Multifamily Investment
High renter concentration and a high-cost ownership market in the surrounding neighborhood support durable multifamily demand, according to WDSuite’s CRE market data. Stable neighborhood occupancy and strong amenity access point to steady leasing fundamentals with selective value-add upside.
The property sits in an Urban Core pocket of San Diego rated A and ranked 88 out of 621 metro neighborhoods, indicating competitive positioning within the metro. Neighborhood occupancy is steady around the metro median, which helps underpin leasing stability rather than outsized volatility.
Renter-occupied housing is prevalent (neighborhood renter concentration in the top national bracket), signaling a deep tenant base and consistent demand for multifamily units. Median contract rents in the neighborhood sit in a high national percentile, while the rent-to-income ratio remains moderate, suggesting room for disciplined rent management and retention-focused strategies.
Amenity access is a core strength: restaurants and groceries are concentrated at very high national percentiles, and park access ranks similarly strong. School quality averages around 4.0 (above many peer areas), supporting family-friendly appeal for a portion of the renter pool. That said, cafe and pharmacy density are comparatively thin locally, so residents may rely on nearby submarkets for certain daily needs.
Built in 1972, the asset is slightly older than the neighborhood’s average vintage. For investors, that typically points to targeted capital planning and potential value-add through unit modernizations and systems updates to enhance competitive positioning against newer stock.
Within a 3-mile radius, demographic data show modest recent population growth and a projected increase in both population and households over the next five years, alongside smaller average household sizes. For multifamily investors, these shifts generally translate into a broader tenant base and support for occupancy stability and leasing velocity, based on CRE market data from WDSuite.
Safety trends merit attention. The neighborhood’s crime rank is 603 out of 621 metro neighborhoods, indicating safety levels that are well below the metro average and below national safety norms. Nationally benchmarked indicators place the area in low percentiles for both property and violent offenses, so prudent operators should plan appropriate security, lighting, and resident communication protocols.
Recent year-over-year estimates indicate increases in both violent and property offenses. While conditions can vary block to block and over time, investors should underwrite with conservative assumptions and consider measures that support resident comfort and asset stewardship.
Proximity to established employers in energy, defense/aerospace, biotech, and wireless technology supports a diversified renter base and commute convenience for residents.
- Sempra Energy — energy (3.5 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (4.2 miles)
- Celgene Corporation — biotech (9.8 miles)
- Qualcomm — wireless technology (10.1 miles) — HQ
4611 Ohio St offers investors exposure to a renter-heavy Urban Core location with steady neighborhood occupancy, strong food-and-grocery amenity access, and home values in a high national percentile that reinforce reliance on rental housing. Built in 1972, the asset may benefit from targeted renovations and systems upgrades to sharpen competitiveness and support rent growth through value-add execution.
Within a 3-mile radius, WDSuite’s commercial real estate analysis indicates modest recent population growth and a forecasted increase in households, pointing to a gradually expanding tenant base. While affordability pressure is moderated by a balanced rent-to-income profile at the neighborhood level, safety metrics trend weaker than the metro, warranting thoughtful operations and underwriting.
- Renter-heavy neighborhood supports a deep tenant base and demand stability.
- Strong restaurant, grocery, and park access aids leasing and retention.
- 1972 vintage offers value-add potential via interior and systems upgrades.
- Expanding households within 3 miles support occupancy and leasing velocity.
- Risk: Below-average safety trends require prudent security and conservative underwriting.