| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 82nd | Best |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1003 Chinquapin Ave, Carlsbad, CA, 92008, US |
| Region / Metro | Carlsbad |
| Year of Construction | 1985 |
| Units | 36 |
| Transaction Date | 2012-01-01 |
| Transaction Price | $5,150,000 |
| Buyer | --- |
| Seller | Stanley Keiser |
1003 Chinquapin Ave Carlsbad 36-Unit Multifamily Investment
In Carlsbad’s inner-suburb neighborhood, occupancy has held in the low 90s at the neighborhood level, signaling steady renter demand, according to WDSuite’s CRE market data. Elevated ownership costs in this submarket further support multifamily retention and pricing discipline.
Located in Carlsbad’s Inner Suburb, the neighborhood ranks within the top quartile among 621 metro neighborhoods, reflecting a balanced mix of livability and investment fundamentals. Amenity access trends above national norms for parks, groceries, and pharmacies, while cafes are less dense. For investors, this mix points to day-to-day convenience that supports leasing while avoiding heavy lifestyle premiums.
Schools rate strongly versus national benchmarks and are competitive within the San Diego–Chula Vista–Carlsbad metro, an attribute that often correlates with stable family-oriented tenancy. Neighborhood occupancy sits in the low-90% range and has softened slightly over five years; taken together, these signals suggest a generally stable income profile with normal lease-up and renewal cycles for comparable assets.
The building’s 1985 vintage is modestly older than the neighborhood’s average construction year. That age profile typically implies selective capital planning—common-area refreshes, unit interiors, and systems upgrades—to enhance competitive positioning against slightly newer stock.
Within a 3-mile radius, demographics indicate population growth and an increase in households, expanding the local renter pool. The share of housing units that are renter-occupied is substantial, offering depth for multifamily demand. With home values elevated for the area, the ownership market remains high-cost, which tends to reinforce renter reliance on multifamily housing and supports retention.
At the neighborhood level, safety is competitive among San Diego metro neighborhoods while landing below the national median. Recent trends are mixed: property offense rates have eased year over year, while violent-offense measures have increased over the same period. Investors should interpret these dynamics as block-to-block variability common in coastal metros rather than a definitive shift, and consider property-level measures and management practices when underwriting.
Proximity to regional employers supports renter demand by shortening commutes and diversifying the local employment base. Nearby nodes include energy, biotech, technology, and foodservice distribution, which together help stabilize leasing across cycles.
- NRG Energy — energy (2.0 miles)
- Gilead Sciences — biotech (4.6 miles)
- Qualcomm — technology (19.2 miles) — HQ
- Celgene Corporation — biotech (19.6 miles)
- Sysco — foodservice distribution (22.0 miles)
1003 Chinquapin Ave offers 36 units in a high-cost ownership market where renters value convenience and coastal access. Neighborhood occupancy has been holding in the low 90s, and amenity and school metrics compare favorably within the metro—factors that tend to support leasing stability. Based on CRE market data from WDSuite, elevated home values and a sizable renter-occupied housing base point to durable multifamily demand and renewal potential.
The 1985 vintage is slightly older than nearby stock, creating a clear value-add path through targeted interior and system updates to sharpen competitive position. Within a 3-mile radius, population and household growth indicate a larger tenant base over the medium term, which can support occupancy and rent trade-outs when paired with thoughtful capital improvements and active management.
- Stable neighborhood occupancy and strong schools support leasing consistency
- High-cost ownership landscape reinforces renter reliance and retention
- 1985 vintage presents value-add potential via targeted renovations
- 3-mile population and household growth expand the tenant base
- Risk: mixed safety trends warrant property-level mitigation and underwriting cushions