| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 66th | Good |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6104 Decena Dr, San Diego, CA, 92120, US |
| Region / Metro | San Diego |
| Year of Construction | 1973 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6104 Decena Dr San Diego Multifamily Investment
Renter demand is supported by a high-cost ownership market and a sizable renter base within a 3-mile radius, according to WDSuite’s CRE market data. The address benefits from steady amenity access that helps underpin leasing and retention.
Located in an Inner Suburb of San Diego, the surrounding neighborhood rates A and is competitive among San Diego–Chula Vista–Carlsbad neighborhoods (ranked 20th of 621 for overall amenities). Grocery and dining density is a clear strength (grocery access in the 99th percentile and restaurants in the 96th percentile nationally), which supports daily convenience and lifestyle appeal for renters.
Rents in the neighborhood sit in the upper national tier (around the 91st percentile), while the rent-to-income ratio is about 0.20, signaling manageable affordability pressure relative to many coastal markets. Household incomes benchmark above national norms (80th percentile), which can help support rent levels and lease stability. For multifamily property research, elevated home values (94th percentile nationally) indicate a high-cost ownership market, reinforcing reliance on rental options and supporting depth of demand.
Within a 3-mile radius, roughly two-thirds of housing units are renter-occupied, indicating a deep tenant base for multifamily. Over the last five years, the local population edged down modestly while the number of households increased, pointing to smaller household sizes and sustained demand for rental units. Forward-looking data for the 3-mile area shows meaningfully higher household counts by 2028, which should expand the renter pool and support occupancy stability.
The average neighborhood school rating trends below national averages (about 2 out of 5), which investors should factor into tenant mix expectations. Neighborhood construction skews newer than the subject’s 1973 vintage (average year built is 1989), suggesting the property may compete on value and targeted renovations rather than new-build finishes.
Neighborhood safety indicators trend below national percentiles, with both violent and property offenses comparing weaker than many U.S. areas. Recent data shows mixed momentum: property offense rates improved year over year, while violent offense estimates increased over the same period. These are neighborhood-level signals rather than block-specific conditions.
Investors commonly underwrite pragmatic measures—lighting, access control, and tenant engagement—as part of operating plans in similar urban-adjacent locations. Monitoring trend direction and comparable submarkets across the San Diego metro can help calibrate expectations for leasing and retention.
Nearby employment anchors include defense and energy headquarters alongside major life sciences and technology offices, supporting a broad professional tenant base and commute convenience for renters.
- L-3 Telemetry & RF Products — defense & RF systems (3.4 miles)
- Sempra Energy — energy utility (6.0 miles) — HQ
- Celgene Corporation — life sciences (9.6 miles)
- Qualcomm — wireless & semiconductors (9.6 miles) — HQ
- Sysco — food distribution (10.8 miles)
6104 Decena Dr is a 20‑unit asset built in 1973 in a high-amenity Inner Suburb of San Diego. The combination of elevated neighborhood rents, strong household incomes, and a high-cost ownership landscape supports a durable renter base. Within a 3-mile radius, renter-occupied housing comprises roughly two-thirds of units, indicating depth of demand for multifamily product. Neighborhood occupancy has trended softer in recent years, so positioning that emphasizes value and selective upgrades may help drive leasing performance.
Given the 1973 vintage relative to the neighborhood’s newer average stock, the asset presents potential value‑add and capital planning opportunities to enhance competitiveness versus 1980s–2000s product nearby. According to CRE market data from WDSuite, amenity access ranks among the metro’s stronger clusters, while home values in the area remain elevated—factors that can support retention and pricing power when paired with disciplined operations.
- Deep renter base within 3 miles and elevated home values reinforce sustained multifamily demand.
- 1973 vintage offers value‑add potential through targeted renovations and system upgrades.
- Amenity-rich location (strong grocery and dining access) supports retention and leasing.
- Risks: softer neighborhood occupancy trends, below-average school ratings, and weaker safety metrics warrant conservative underwriting.