| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 43rd | Poor |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1060 Vale Terrace Dr, Vista, CA, 92084, US |
| Region / Metro | Vista |
| Year of Construction | 1979 |
| Units | 36 |
| Transaction Date | 2007-07-10 |
| Transaction Price | $4,250,000 |
| Buyer | GRUNEWALD PAUL |
| Seller | VALE CREEK ASSOCIATES LLC |
1060 Vale Terrace Dr, Vista CA Multifamily Investment
Neighborhood occupancy is exceptionally tight and renter incomes are strong, according to WDSuite’s CRE market data, indicating durable demand and supportive leasing conditions in this inner-suburban Vista location.
Vista’s inner-suburban setting offers day-to-day convenience with strength in parks, groceries, pharmacies, childcare, and restaurants. Amenity access ranks in the top quartile among 621 metro neighborhoods, while café density is limited—an expected tradeoff for primarily residential blocks.
The neighborhood shows competitive standing within the San Diego–Chula Vista–Carlsbad metro (B+ rating), and WDSuite’s CRE market data indicates neighborhood occupancy near full, suggesting very tight rental availability at the neighborhood level rather than at this specific property. This environment typically supports pricing power and lease retention for well-managed assets.
Within a 3-mile radius, demographic statistics point to a large renter base and high household incomes relative to national norms. Elevated home values in North County San Diego create a high-cost ownership market, which tends to sustain reliance on multifamily housing and deepen the tenant pool. Rent-to-income ratios are moderate for the area, a positive for lease stability and renewal management.
Vintage context matters: the property’s 1978 construction is slightly older than the neighborhood average, implying ongoing capital planning and selective renovations to remain competitive against newer stock, while offering value‑add potential where unit finishes and building systems can be upgraded.
Safety indicators for the neighborhood track below national averages, with both property and violent offense measures sitting in lower national percentiles. Compared with the broader San Diego metro, the area trends below the metro median, so prudent security, lighting, and management practices are advisable to support resident confidence and retention. Use property-level due diligence and recent trend reviews to confirm current conditions.
Nearby employers span biotech, energy, distribution, and technology—supporting a diverse employment base and commute convenience that can help stabilize multifamily demand. The list below focuses on major names within practical commuting distance.
- Gilead Sciences — biotech (3.97 miles)
- NRG Energy — energy (7.70 miles)
- Sysco — food distribution (21.32 miles)
- Qualcomm — semiconductors & wireless (21.58 miles) — HQ
- Celgene Corporation — biotech (22.38 miles)
This 36‑unit Vista asset benefits from neighborhood fundamentals that favor rental housing: tight neighborhood occupancy, high-cost ownership dynamics, and strong household incomes relative to national benchmarks. According to CRE market data from WDSuite, neighborhood-level occupancy remains exceptionally tight, which can support stable leasing and measured rent growth for well-operated properties.
Built in 1978, the property’s vintage points to ongoing capital planning and selective upgrades to enhance competitiveness versus newer product. Within a 3‑mile radius, projections indicate population growth and a meaningful increase in households over the next five years—conditions that can expand the renter pool and support occupancy stability. Elevated home values in North County San Diego further reinforce renter reliance on multifamily housing, while moderate rent-to-income ratios suggest manageable affordability pressure and potential for steady renewal performance.
- Neighborhood occupancy is very tight, supporting leasing stability and pricing discipline.
- High-cost ownership market sustains renter demand and deepens the tenant base.
- 1978 vintage offers value‑add potential through targeted renovations and system upgrades.
- 3‑mile projections point to population and household growth, expanding the renter pool.
- Risk: Neighborhood safety trends sit below metro and national averages—mitigated by proactive security and management practices.