| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 73rd | Good |
| Amenities | 72nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2270 Avenida Magnifica, Carlsbad, CA, 92008, US |
| Region / Metro | Carlsbad |
| Year of Construction | 1986 |
| Units | 51 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2270 Avenida Magnifica Carlsbad Multifamily Investment
Neighborhood occupancy is strong relative to the San Diego metro, pointing to stable tenancy and consistent leasing, according to WDSuite’s CRE market data. These occupancy figures reflect the surrounding neighborhood, not the property.
Located in Carlsbad’s inner-suburban fabric, the area surrounding 2270 Avenida Magnifica combines high household incomes with mature housing stock and a diversified amenity base. Restaurants and cafes are dense for a suburban location, and park access ranks in the top quartile nationally, while pharmacy options are limited, which investors should consider for resident convenience.
Neighborhood occupancy trends are competitive among San Diego neighborhoods (92 of 621 by rank; top decile nationally), which supports rent collections and retention through cycles. The renter-occupied share within the neighborhood is about 40%, indicating a tenant base supported by limited multifamily supply within an ownership-leaning area—often favorable for stabilized operations.
Home values in the neighborhood are elevated compared with national norms, which tends to reinforce reliance on multifamily housing and can sustain pricing power when paired with strong incomes. Median contract rents in the neighborhood sit near the top of national distributions, but a rent-to-income profile around one-quarter signals manageable affordability pressure—useful for lease management and renewals.
Within a 3-mile radius, households have increased in recent years and are projected to expand further alongside rising median incomes. This points to a larger tenant base and supports occupancy stability over the medium term. School ratings in the neighborhood test above national averages, which can aid long-term demand from family renters, according to WDSuite’s commercial real estate analysis.
The property’s 1986 vintage is newer than the neighborhood’s average construction year (1976), suggesting relative competitiveness versus older stock, while still warranting targeted modernization of systems and finishes to capture value-add upside.
Safety indicators for the neighborhood are below national averages, with ranks placing it around the metro’s midpoint (crime rank 322 of 621). Nationally, the area sits in lower safety percentiles, particularly for violent offenses, though recent data shows property offenses trending downward year over year. Investors typically address this with active security measures and resident engagement, and should monitor trends alongside citywide initiatives.
Proximity to life sciences, energy, and technology employers supports a steady commuter renter base and aids retention through job accessibility. The nearby employment nodes highlighted below shape day-to-day leasing demand in this part of North County.
- Gilead Sciences — biotech (2.9 miles)
- Nrg Energy — energy services (3.6 miles)
- Qualcomm — wireless & semiconductors (20.7 miles) — HQ
- Celgene Corporation — biotech (21.2 miles)
- Sysco — food distribution (23.0 miles)
This 51-unit asset benefits from a high-income North County location where neighborhood occupancy ranks competitively in the San Diego metro and sits in the top decile nationally, according to CRE market data from WDSuite. Elevated home values in the neighborhood reinforce reliance on multifamily housing, while the neighborhood’s rent-to-income profile around one-quarter points to moderated affordability pressure—conditions that can support renewals and pricing discipline.
Built in 1986, the property is newer than the local average vintage, providing a competitive position versus older stock and a clear path for targeted value-add through modernization. Within a 3-mile radius, households are growing and incomes are rising, expanding the renter pool and supporting occupancy stability over the medium term. The amenity mix is strong—especially food, cafes, and parks—though limited pharmacy access and below-average safety metrics warrant typical operating diligence.
- High neighborhood occupancy and strong incomes support durable rent rolls
- Elevated home values reinforce renter reliance on multifamily housing
- 1986 vintage offers value-add via targeted system and finish updates
- Household and income growth within 3 miles expands the tenant base
- Risks: below-average safety metrics and limited pharmacy access call for proactive operations