| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 76th | Best |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 252 Acacia Ave, Carlsbad, CA, 92008, US |
| Region / Metro | Carlsbad |
| Year of Construction | 2000 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
252 Acacia Ave Carlsbad 28-Unit Multifamily
High renter concentration in the neighborhood and elevated ownership costs suggest durable tenant demand, according to WDSuite’s CRE market data. Neighborhood occupancy is measured at the area level, not the property, and points to a market where thoughtful operations and amenities can support stability.
This Urban Core pocket of Carlsbad benefits from strong daily-needs access and lifestyle appeal. Restaurants and cafes are plentiful, with neighborhood measures placing food and grocery access well above national norms. Parks density ranks highly (competitive among San Diego-Chula Vista-Carlsbad neighborhoods, 621 total), which supports livability and retention for renters seeking outdoor amenities.
The property’s 2000 vintage is newer than the neighborhood’s typical construction year (measured across the area), positioning it competitively versus older stock while still warranting routine capital planning for aging systems and potential modernization to meet current renter expectations.
At the neighborhood level, the share of renter-occupied housing units is elevated, indicating a deep tenant base for multifamily. Median home values are also high relative to incomes in the area, which tends to sustain reliance on rental housing and can support pricing power; however, higher rent-to-income ratios in the neighborhood call for attentive lease management and renewal strategies.
Demographic statistics aggregated within a 3-mile radius show households have grown recently and are projected to expand meaningfully over the next five years, implying a larger renter pool and support for lease-up and renewal. Even where population trends have been mixed, smaller household sizes and expected household growth point to continued demand for rental units.
Neighborhood financial performance indicators are favorable: average NOI per unit ranks in the top quartile nationally and is competitive within the metro (621 neighborhoods), signaling an operating environment that has supported income generation for comparable assets. By contrast, neighborhood occupancy levels trend below national norms, so investors should underwrite to operational execution—amenities, marketing, and unit finishes—to capture demand.
Safety indicators are mixed when compared across the San Diego-Chula Vista-Carlsbad metro (621 neighborhoods). The neighborhood s crime rank places it below many metro peers, and national comparisons sit below the median. However, recent data show a notable improvement in property crime trends over the last year, while violent crime metrics remain weaker than national benchmarks. These are neighborhood-level readings, not specific to the property.
For investors, this suggests underwriting that emphasizes professional onsite management, lighting and access controls, and resident engagement. Monitoring the improving trend in property offenses alongside broader metro dynamics can help balance risk management with leasing and retention goals.
The nearby employment base mixes energy, biotech, and technology, supporting renter demand through diverse, higher-wage jobs and reasonable commutes. Notable employers within commuting distance include NRG Energy, Gilead Sciences, Qualcomm, Celgene, and Sysco.
- NRG Energy — energy (2.6 miles)
- Gilead Sciences — biotech (4.8 miles)
- Qualcomm — wireless & semiconductors (19.7 miles) — HQ
- Celgene Corporation — biopharma (20.0 miles)
- Sysco — foodservice distribution (22.6 miles)
252 Acacia Ave is a 28-unit, 2000-vintage asset in a Carlsbad neighborhood with strong amenity access and a renter-leaning housing mix. Elevated home values relative to incomes reinforce reliance on multifamily, while a deep base of renter-occupied units supports tenant depth and renewal potential. According to CRE market data from WDSuite, the neighborhood posts top-quartile NOI per unit nationally, though neighborhood occupancy trends run below national norms—pointing to an execution-focused play centered on finishes, amenities, and operations.
Within a 3-mile radius, households are projected to expand over the next five years, increasing the renter pool and supporting absorption. Proximity to diversified employers across energy, biotech, and technology provides income stability and helps underpin leasing velocity. The 2000 construction offers relative competitiveness versus older area stock, with scope for targeted upgrades and modernization.
- Renter-leaning neighborhood and high-cost ownership market support durable multifamily demand and pricing power.
- Top-quartile neighborhood NOI per unit and strong amenity access indicate favorable operating conditions for comps.
- 2000 vintage offers competitive positioning versus older stock with value-add potential through modernization.
- Expanding household counts within 3 miles suggest a larger tenant base and support for occupancy stability.
- Risks: neighborhood occupancy below national norms, higher rent-to-income ratios, and mixed safety metrics warrant disciplined operations and underwriting.