| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 87th | Best |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5085 Saratoga Ave, San Diego, CA, 92107, US |
| Region / Metro | San Diego |
| Year of Construction | 1974 |
| Units | 22 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5085 Saratoga Ave San Diego Multifamily Investment
Neighborhood fundamentals point to durable renter demand supported by a very high renter-occupied share and a high-cost ownership market, according to WDSuite s CRE market data. Occupancy in the surrounding neighborhood tracks near national norms, suggesting stable operations with focused asset management.
This Urban Core location ranks 48 out of 621 metro neighborhoods for amenities and sits in the top quartile nationally, giving residents strong access to daily needs and recreation. Parks density is at the top of national comparisons, with grocery and pharmacy access also testing well above national norms. Average school ratings are strong for the metro (ranked 1 of 621), which can support family-oriented renter retention.
For income and housing context, the neighborhood s median home values are among the highest nationally, reinforcing renter reliance on multifamily housing and supporting pricing power in well-positioned assets. Neighborhood median contract rents sit in the upper band nationally while the rent-to-income ratio points to some affordability pressure that operators should monitor for renewal strategy.
Occupancy for the neighborhood is around the national median and below the metro median (ranked 497 of 621), indicating stable but competitive leasing dynamics. Notably, the share of housing units that are renter-occupied is among the highest in the metro (ranked 18 of 621) and in the top percentile nationally, signaling a deep tenant base and steady demand for multifamily product.
Demographic trends within a 3-mile radius show modest population growth with a faster increase in households over the last five years and additional household growth projected, which points to smaller household sizes and a larger renter pool. Household incomes have trended higher historically and are expected to continue rising, supporting the area s ability to absorb quality renovations and sustain occupancy.
Safety indicators for the immediate neighborhood compare unfavorably to both metro and national benchmarks. The area ranks toward the lower end within the metro (crime rank 586 of 621), and national percentiles indicate weaker safety relative to neighborhoods nationwide. Recent trend data show mixed movement, so investors should underwrite sensible security measures, lighting, access control, and insurance considerations while monitoring submarket trendlines instead of block-level assumptions.
Nearby employers span energy, life sciences, aerospace/defense, distribution, and technology, supporting a diversified employment base and commuter convenience that can aid leasing stability. The list below highlights Sempra Energy, L-3 Telemetry & RF Products, Celgene, Qualcomm, and Sysco by proximity.
- Sempra Energy energy & utilities (5.5 miles) HQ
- L-3 Telemetry & RF Products defense & aerospace offices (8.5 miles)
- Celgene Corporation biopharma offices (9.6 miles)
- Qualcomm technology & R&D (10.7 miles) HQ
- Sysco foodservice distribution (17.4 miles)
5085 Saratoga Ave is a 22-unit, 1974-vintage asset positioned in a high-demand coastal neighborhood where elevated ownership costs bolster the renter pool and support long-term multifamily demand. Neighborhood occupancy trends sit near national norms but below the metro median, favoring operators who focus on targeted renovations, competitive amenities, and disciplined leasing to capture steady absorption. Based on CRE market data from WDSuite, amenity access and school quality rank near the top of the metro, which can enhance retention for stabilized assets.
The 1974 vintage suggests planning for building system upgrades and value-add improvements; however, relative to the area s older average stock, thoughtful modernization can create a competitive position. Strong renter-occupied concentration and diversified nearby employers provide depth to the tenant base, while the high-cost ownership landscape supports pricing power. Key risks include below-metro safety metrics and affordability pressure, which call for prudent operations and renewal management.
- High renter concentration and elevated ownership costs support durable multifamily demand
- Amenity-rich, top-ranked school access enhances tenant retention potential
- 1974 vintage offers value-add potential through targeted system and interior upgrades
- Neighborhood occupancy near national norms rewards focused leasing and asset management
- Risks: below-metro safety metrics and affordability pressure require prudent operations