| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 90th | Best |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2340 Carol View Dr, Cardiff By The Sea, CA, 92007, US |
| Region / Metro | Cardiff By The Sea |
| Year of Construction | 1988 |
| Units | 102 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2340 Carol View Dr, Cardiff-by-the-Sea Multifamily Investment
Neighborhood fundamentals point to steady renter demand and solid occupancy, with the surrounding area showing high-income households and limited for-sale accessibility; according to WDSuite’s CRE market data, neighborhood occupancy is about 94% rather than a property-specific figure.
Positioned in an A- rated neighborhood ranked 97th of 621 within the San Diego–Chula Vista–Carlsbad metro, the address benefits from a top quartile standing locally. The surrounding area shows strong renter demand signals: neighborhood occupancy is roughly 94% and about 53% of housing units are renter-occupied, supporting a deeper tenant base and aiding leasing stability for multifamily assets.
Livability factors trend favorable for retention and rent collections. Park access is a standout, with the neighborhood landing in the top percentile nationally for park density, while grocery access is also strong relative to peers. Cafés and pharmacies are thinner nearby, but the coastal location and recreation amenities help underpin lifestyle appeal that supports leasing even when consumer-facing retail is less concentrated.
The property’s 1988 vintage is newer than the neighborhood’s average construction year (1976). That positioning can offer competitive appeal versus older stock while still leaving room for targeted capital improvements (systems, interiors, or common areas) to enhance rent potential and reduce future CapEx uncertainty.
Within a 3-mile radius, WDSuite data shows high household incomes and a renter pool anchored by professional cohorts. Recent years reflect a modest population dip with households trending smaller, and five-year projections indicate a return to population growth alongside an increase in households. For investors, this combination points to a larger tenant base over time and supports occupancy stability. Elevated home values in the immediate neighborhood reinforce reliance on multifamily rentals, which can aid rent durability and lease retention.
Safety trends should be viewed in context. Compared with the metro, the neighborhood’s overall crime positioning is above the metro median (ranked 252 of 621), indicating relatively better local standing than many San Diego neighborhoods. Nationally, however, WDSuite’s indicators place the area below mid-percentiles, reflecting comparatively higher exposure than top-performing U.S. neighborhoods.
By offense type, property incidents run elevated on a national basis, while violent offenses sit lower and have recently improved year over year. For investors, the takeaway is to underwrite sensible security measures and loss assumptions, while recognizing that the neighborhood’s metro-relative standing and improving violent-offense trajectory can support renter retention and leasing performance.
The employment base nearby blends technology, life sciences, and corporate services that help sustain a professional renter pool and shorten commutes for residents. Notable anchors include NRG Energy, Qualcomm, Celgene, Gilead Sciences, and Sysco.
- NRG Energy — energy services (7.6 miles)
- Qualcomm — wireless & semiconductors (9.6 miles) — HQ
- Celgene Corporation — biotech (10.0 miles)
- Gilead Sciences — biotech (13.0 miles)
- Sysco — food distribution (14.1 miles)
This 102-unit asset built in 1988 sits in a top-quartile San Diego neighborhood with strong renter orientation, high-income households, and occupancy around the mid-90s at the neighborhood level. Elevated local home values favor rental tenure, which supports rent durability and helps sustain pricing power for quality multifamily product. According to WDSuite’s commercial real estate analysis, nearby amenities skew toward parks and groceries, adding lifestyle appeal that can aid retention even as everyday retail density varies by block.
Relative to older coastal stock, the vintage offers competitive positioning with practical value-add pathways (interiors, building systems, and common areas) to capture incremental rent. Looking ahead, a projected increase in households within a 3-mile radius and a high-income renter base point to a broader tenant pool and steady lease-up dynamics, while underwriting should account for property-crime exposure with appropriate security and insurance assumptions.
- Top-quartile neighborhood standing in the San Diego metro supports demand and leasing velocity
- High-income renter base and elevated ownership costs bolster rent durability and retention
- 1988 vintage offers competitive positioning with clear value-add and CapEx planning angles
- Park and grocery access provide lifestyle advantages that aid occupancy stability
- Risk: property-crime exposure requires prudent security, insurance, and loss assumptions