| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 53rd | Fair |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4750 Home Ave, San Diego, CA, 92105, US |
| Region / Metro | San Diego |
| Year of Construction | 1989 |
| Units | 69 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4750 Home Ave, San Diego Multifamily Investment
Steady renter demand and mid-pack neighborhood occupancy provide a durable base for a 69-unit asset, according to WDSuite s CRE market data. High-cost ownership dynamics locally support leased housing while leaving room for disciplined operations over a full cycle.
The property sits in an Inner Suburb location within the San Diego Chula Vista Carlsbad metro, where neighborhood fundamentals score a B-. Neighborhood occupancy is reported at 93.3%; performance trends roughly in the national middle while ranking in the lower half of the metro s 621 neighborhoods, suggesting stability but not market-leading tightness. Median asking rents at the neighborhood level track in the upper range nationally, reinforcing the need for attentive lease management and product positioning.
Daily amenity access is a relative strength: grocery density ranks in the top decile nationally and cafes/restaurants are also well-represented, supporting resident convenience and leasing narratives. By contrast, the immediate area shows minimal park and pharmacy presence, so on-site amenities and service coordination can help offset those gaps. Average school ratings are below the national median, which may matter for family-oriented product but is less determinative for workforce-oriented unit mixes.
Housing metrics are competitive nationally (housing quality indicators in the top quintile), and home values sit in a higher-cost band versus national norms. That ownership cost context typically sustains multifamily demand and can aid retention. Neighborhood renter-occupied share is 42.3%, while the surrounding 3-mile radius shows a deeper renter concentration at 63.4%, indicating a broader tenant pool beyond the immediate blocks.
Within a 3-mile radius, population has edged down modestly in recent years while household counts have increased, pointing to smaller household sizes and continued demand for rental units. Income measures have risen meaningfully over the last five years, and forward views indicate continued household growth through 2028, supporting occupancy stability and absorption for well-managed assets.
Safety indicators for the neighborhood currently benchmark below both metro and national norms. The area ranks near the bottom among the metro s 621 neighborhoods and falls in low national percentiles, signaling elevated reported crime relative to many U.S. neighborhoods.
Recent year estimates also point to higher levels of both property and violent offenses compared with national averages. Investors typically underwrite with enhanced security measures, community engagement, and operating reserves to mitigate these risks and to support tenant retention.
Proximity to established employers underpins workforce housing demand and commute convenience, notably in energy, defense/aerospace, biotech, and technology all within a leasing radius relevant to renters at this asset. The following nearby employers are most material to the tenant base:
- Sempra Energy energy (4.22 miles) HQ
- L-3 Telemetry & RF Products defense & aerospace offices (6.57 miles)
- Celgene Corporation biotech/pharma (12.49 miles)
- Qualcomm technology (12.72 miles) HQ
- Sysco food distribution (14.17 miles)
This 69-unit asset in San Diego s inner suburban fabric benefits from a broad renter pool and ownership costs that are high relative to incomes, which tends to sustain multifamily demand. Neighborhood occupancy sits around national averages and trails metro leaders, suggesting room for operational upside through renovation, marketing, and renewal strategy. Based on commercial real estate analysis from WDSuite, neighborhood rents benchmark high nationally, so disciplined affordability management can support retention while capturing market rent where product quality warrants.
Within a 3-mile radius, households have grown despite a slight population dip and are projected to continue increasing through 2028, expanding the tenant base even as average household size trends lower. Combined with strong employer access across energy, defense/aerospace, biotech, and technology, the location offers steady leasing fundamentals for well-managed mid-size communities.
- High ownership costs locally reinforce reliance on rental housing, supporting demand depth
- Neighborhood occupancy near national norms with potential to outperform via targeted operations
- 3-mile area shows growing household counts, indicating a larger renter base over time
- Diverse nearby employers (energy, defense/aerospace, biotech, technology) aid leasing stability
- Risks: below-average safety indicators and rent-to-income pressure require prudent underwriting