| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 90th | Best |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2134 Carol View Dr, Cardiff By The Sea, CA, 92007, US |
| Region / Metro | Cardiff By The Sea |
| Year of Construction | 1988 |
| Units | 96 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2134 Carol View Dr Cardiff By The Sea Multifamily Investment
This 96-unit property sits in a neighborhood ranking top quartile nationally for demographics and home values, with strong household incomes supporting rental demand in the San Diego metro.
Cardiff By The Sea offers compelling fundamentals for multifamily investors, with this neighborhood ranking 97th among 621 metro neighborhoods and earning an A- rating. The area demonstrates strong demographic appeal, ranking in the 90th percentile nationally with household incomes averaging $137,408 and 48.5% of adults holding bachelor's degrees. Home values averaging $1.9 million reinforce rental demand, as elevated ownership costs sustain renter reliance on multifamily housing.
Built in 1988, this property represents typical neighborhood vintage, with area construction averaging 1976. The 53% renter-occupied housing share reflects solid rental market presence, while neighborhood-level occupancy rates of 94.3% indicate stable absorption. Within a 3-mile radius, demographics show 54,381 residents with strong income fundamentals - median household income of $143,009 supports rent affordability, though current rent-to-income ratios suggest some affordability pressure for lease management considerations.
The area benefits from excellent park access with 4.74 parks per square mile ranking in the 99th percentile nationally, supporting tenant appeal and retention. Restaurant density provides moderate walkability options, while grocery access at 2.37 stores per square mile ranks in the 86th percentile. Demographic projections through 2028 indicate modest population growth to 55,986 residents, with household formation expected to increase 32%, expanding the potential renter pool and supporting occupancy stability.
Safety metrics present a mixed profile for investor consideration. The neighborhood ranks 252nd among 621 metro neighborhoods for overall crime, placing it in the 34th percentile nationally. Violent crime rates of 127 incidents per 100,000 residents show improvement with a 24.6% decline over the past year, ranking in the 72nd percentile for positive trend direction.
Property crime presents more significant considerations, with rates of 1,682 incidents estimated annually and a concerning 31.3% increase over the past year. This places the area in the 13th percentile nationally for property crime performance and 24th percentile for recent trend direction. Investors should factor these dynamics into security considerations and tenant retention strategies, while noting the positive trajectory in violent crime reduction.
The Cardiff By The Sea area benefits from proximity to major San Diego employers, particularly technology and energy companies that provide stable workforce housing demand.
- NRG Energy — energy services (7.4 miles)
- Qualcomm — technology & telecommunications (9.6 miles) — HQ
- Celgene Corporation — biotechnology (10.3 miles)
- Gilead Sciences — pharmaceutical (12.7 miles)
- Sempra Energy — utilities (22.0 miles) — HQ
This Cardiff By The Sea property offers exposure to San Diego's affluent coastal submarket with strong demographic fundamentals supporting rental demand. According to CRE market data from WDSuite, the neighborhood ranks in the top quartile nationally for demographics and housing metrics, with household incomes 91st percentile nationwide creating solid rent affordability. The 1988 construction vintage aligns with neighborhood norms while offering potential value-add opportunities through selective capital improvements.
Projected household growth of 32% through 2028 expands the renter pool, while elevated home values sustain rental market participation. The 94.3% neighborhood occupancy rate demonstrates absorption stability, though property crime trends and rent-to-income ratios warrant monitoring for lease management strategies. Proximity to major employers including Qualcomm and biotech companies provides workforce housing demand depth.
- Top quartile demographics nationally with $137k median household income
- Projected 32% household growth through 2028 expanding renter base
- 94.3% neighborhood occupancy indicating stable absorption
- High home values reinforce rental demand over ownership competition
- Risk considerations include property crime trends and affordability pressure