Cap rates, rent trends, and underwriting benchmarks for San Diego apartment investors.
Extremely tight supply with some of the lowest vacancy rates nationally. Military and biotech employment provide demand stability. North Park, Hillcrest, and Mission Valley are top rental submarkets. High barriers to entry limit new supply.
Premium pricing means lower leverage points. DSCR as low as 1.15x on stabilized deals. AB 1482 applies. Lenders comfortable with the market's supply constraints.
Upload any San Diego offering memo, T12, or rent roll. Get a full underwriting report with deal grade, sensitivity analysis, and Go/No-Go verdict in under 2 minutes.