| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 82nd | Good |
| Demographics | 87th | Best |
| Amenities | 47th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4975 Del Monte Ave, San Diego, CA, 92107, US |
| Region / Metro | San Diego |
| Year of Construction | 1972 |
| Units | 48 |
| Transaction Date | 1999-08-27 |
| Transaction Price | $3,420,000 |
| Buyer | GOSSELIN MARK |
| Seller | DEL MONTE PROPERTIES |
4975 Del Monte Ave San Diego Multifamily Investment
Renter demand is supported by a high-cost ownership market and solid neighborhood occupancy, according to WDSuite’s CRE market data. This coastal urban location offers durable leasing potential with income levels that help sustain rent performance.
The property sits in San Diego’s Urban Core with an A-rated neighborhood profile, where restaurants and daily needs are within easy reach. Neighborhood amenities skew toward dining and groceries, with restaurant density in the top tier nationally and grocery access also strong, while parks and cafes are comparatively limited. For investors, this mix supports everyday convenience and leasing appeal, even if green space and third-place options are thinner than in some peer areas.
Within a 3-mile radius, household incomes are robust and median rents are elevated relative to many U.S. neighborhoods, reinforcing pricing power for quality product. Home values rank near the top nationally, creating a high-cost ownership market that tends to sustain reliance on multifamily housing and can aid retention for well-managed assets.
Tenure patterns indicate a sizable base of renter-occupied units (3-mile radius), providing depth for leasing and turnover management. Recent population growth and a 5-year increase in households point to a gradually expanding tenant base; forecasts suggest further gains in household counts alongside slightly smaller average household sizes, which typically support steady demand for apartments. These dynamics, based on commercial real estate analysis from WDSuite, align with the neighborhood’s above-average occupancy levels compared with many areas nationwide.
Vintage in the immediate area trends around the mid-1970s. Given this property’s 1972 construction, investors should plan for targeted capital projects and potential value-add scope to remain competitive against renovated stock and to optimize rent positioning over time.
Neighborhood safety indicators track weaker than many U.S. neighborhoods, with the area placing below the metro median among 621 San Diego–Chula Vista–Carlsbad neighborhoods. Nationally, the neighborhood falls into lower safety percentiles, indicating elevated crime exposure relative to safer peer areas.
Trends are mixed: property offenses have declined over the past year at a pace that is better than many peer neighborhoods in the metro, while violent offense trends have moved unfavorably. Investors should underwrite security measures, insurance costs, and tenant-experience management accordingly, while noting that recent improvement in property crime can support operational stability if sustained.
Proximity to major corporate employers supports a stable renter base, with convenient commutes to energy, life sciences, aerospace/defense, and technology offices noted below.
- Sempra Energy — energy (5.48 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (8.75 miles)
- Celgene Corporation — life sciences (9.99 miles)
- Qualcomm — technology (11.08 miles) — HQ
4975 Del Monte Ave offers coastal-urban fundamentals with sustained renter demand, supported by high ownership costs and strong income profiles in the surrounding 3-mile radius. Neighborhood occupancy trends run above many areas nationwide, and restaurant/grocery accessibility adds day-to-day convenience that helps leasing and renewals. According to CRE market data from WDSuite, the area’s rent levels and renter concentration indicate a deep tenant base for well-positioned multifamily assets.
Built in 1972, the asset may benefit from targeted modernization to stay competitive versus renovated 1970s stock, creating potential value-add upside through unit and system updates. Forward-looking demographics point to continued growth in households and a slightly smaller average household size, which typically supports apartment demand and occupancy stability over time. Underwriting should account for mixed safety trends and the need for ongoing capital planning to capture full revenue potential.
- High-cost ownership market sustains renter reliance and supports pricing power
- Above-average neighborhood occupancy and strong incomes underpin leasing stability
- 1972 vintage presents value-add potential via strategic renovations and systems upgrades
- Household growth within 3 miles expands the tenant base and supports rent performance
- Risks: weaker safety percentile vs. national averages and ongoing CapEx needs