| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 73rd | Good |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2245 Hosp Way, Carlsbad, CA, 92008, US |
| Region / Metro | Carlsbad |
| Year of Construction | 1986 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2245 Hosp Way Carlsbad Multifamily Investment
This 45-unit property benefits from neighborhood occupancy at 98.8% and strong renter demand in a market where home values exceed $1.1 million, according to CRE market data from WDSuite.
Located in Carlsbad's inner suburb environment, this neighborhood ranks in the top quartile nationally for housing fundamentals and demonstrates strong multifamily investment characteristics. The area maintains a 98.8% occupancy rate, ranking 92nd among 621 metro neighborhoods, with median contract rents of $2,323 reflecting 18.6% growth over five years.
Demographics within a 3-mile radius show 87,165 residents with a median household income of $97,340, supporting rental demand in a market where median home values reach $1.1 million. The high ownership costs reinforce rental demand, with 49.4% of housing units renter-occupied. Population forecasts project 7.9% growth through 2028, expanding the potential tenant base and supporting occupancy stability.
The property's 1986 construction year aligns with the neighborhood average of 1976, positioning it for potential value-add opportunities through targeted capital improvements. Amenity density supports tenant retention, with the area ranking in the 72nd percentile nationally for overall amenities, including strong restaurant and cafe access that appeals to the professional workforce.
School ratings average 3.25 out of 5, ranking in the 70th percentile nationally, while the neighborhood's A-rating reflects its overall investment attractiveness. Net operating income per unit averages $13,428, ranking 49th among metro neighborhoods and indicating strong cash flow potential for multifamily operators.
Crime metrics show mixed trends that warrant monitoring for property management considerations. Property crime rates rank 192nd among 621 metro neighborhoods, placing the area near the metro median, while showing a 12.8% year-over-year decline. However, violent crime rates increased 58.1% over the past year, ranking 489th among metro neighborhoods.
The neighborhood's overall crime rank of 322nd among 621 metro neighborhoods places it in the 31st percentile nationally. While property crime trends show improvement, the recent uptick in violent incidents suggests investors should factor security considerations into operational planning and tenant retention strategies.
The area benefits from proximity to major corporate employers, providing workforce housing opportunities for professionals in biotechnology, energy, and telecommunications sectors.
- Gilead Sciences — biotechnology (3.0 miles)
- Nrg Energy — energy services (3.5 miles)
- Qualcomm — telecommunications technology (20.4 miles) — HQ
- Celgene Corporation — pharmaceutical (21.1 miles)
- Sempra Energy — utility services (32.9 miles) — HQ
This 45-unit Carlsbad property presents compelling fundamentals anchored by exceptional neighborhood occupancy at 98.8% and strong rental demand dynamics. The 1986 construction year offers value-add potential through strategic capital improvements, while high home values exceeding $1.1 million reinforce renter reliance on multifamily housing. Population growth projections of 7.9% through 2028 support expanding tenant demand in a market where median household incomes of $97,340 sustain rent levels.
Commercial real estate analysis from WDSuite indicates the neighborhood's A-rating and top quartile national housing performance reflect strong investment fundamentals. Net operating income per unit averaging $13,428 ranks in the top 8% of metro neighborhoods, while proximity to major biotechnology and energy employers provides workforce housing opportunities. However, recent increases in violent crime rates and rent-to-income ratios warrant careful operational oversight.
- Neighborhood occupancy at 98.8% demonstrates exceptional rental demand stability
- High home values over $1.1 million reinforce rental market reliance
- NOI per unit of $13,428 ranks in top 8% of metro neighborhoods
- Population growth of 7.9% projected through 2028 expands tenant base
- Rising violent crime rates and affordability pressures require active management