| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Poor |
| Demographics | 81st | Best |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2541 Jefferson St, Carlsbad, CA, 92008, US |
| Region / Metro | Carlsbad |
| Year of Construction | 1972 |
| Units | 20 |
| Transaction Date | 2012-04-12 |
| Transaction Price | $4,600,000 |
| Buyer | KUSTER GUSTAVO G R |
| Seller | FREUTEL EDWARD C |
2541 Jefferson St, Carlsbad Multifamily Value-Add
Positioned in a high-cost ownership pocket of coastal Carlsbad, the property benefits from deep renter demand and strong neighborhood amenities, according to WDSuite’s CRE market data. While neighborhood occupancy runs softer than many U.S. areas, the location fundamentals support leasing durability over a full cycle.
Carlsbad’s Urban Core setting offers walkable access to daily needs and leisure, with neighborhood amenities ranking 18th out of 621 San Diego–Chula Vista–Carlsbad neighborhoods (top quartile in the metro). Nationally, grocery and restaurant density track near the top of peer areas, supporting renter convenience and retention.
Within the neighborhood, the share of housing units that are renter-occupied is elevated, indicating a deeper tenant base for multifamily. By contrast, the neighborhood occupancy rate trends below many U.S. neighborhoods, suggesting the need for focused leasing and management to sustain stability through seasonal and competitive periods.
Demographic statistics aggregated within a 3-mile radius point to gradual population growth to date and a projected increase in households over the next five years, expanding the local renter pool. Rising incomes in the radius enhance rent coverage, though lease management should account for affordability pressure as rents move higher.
Home values in the neighborhood sit at the high end for the nation, creating a high-cost ownership market that tends to sustain reliance on multifamily housing and support pricing power. For a 1972 vintage asset, this setting increases the relevance of targeted renovations to remain competitive against newer stock while capturing value-add upside.
Relative to neighborhoods nationwide, this area benchmarks below average on safety (around the lower third by national percentile), so investors should underwrite enhanced security, lighting, and tenant-engagement practices. That said, recent trends are directionally favorable: property-related offenses declined year over year and violent offense rates edged down, based on WDSuite’s CRE market data.
Proximity to a diversified employment base supports demand from professionals seeking commute convenience, notably in energy, biotech, telecommunications, and utilities.
- NRG Energy — energy (3.5 miles)
- Gilead Sciences — biotech (4.2 miles)
- Qualcomm — telecommunications (20.7 miles) — HQ
- Celgene Corporation — biotech (21.1 miles)
- Sempra Energy — utilities (32.8 miles) — HQ
2541 Jefferson St combines a coastal Carlsbad location with a renter-driven neighborhood and strong amenity access. The 1972 construction creates clear value-add and capital planning angles to modernize interiors and common areas, helping the asset compete against newer product while leveraging high ownership costs nearby that reinforce multifamily demand.
According to CRE market data from WDSuite, neighborhood occupancy trends below many U.S. areas, so execution matters: targeted renovations, thoughtful unit mix positioning, and disciplined leasing should support stability. At the same time, 3-mile demographics point to an expanding household base and rising incomes, which can underpin rent growth potential and tenant retention when paired with livability upgrades.
- High-cost ownership market supports sustained rental demand and pricing power
- 1972 vintage offers value-add upside through targeted renovations and system upgrades
- Strong neighborhood amenities and proximity to diversified employers aid leasing and retention
- Expanding household base within 3 miles increases depth of the tenant pool
- Risk: softer neighborhood occupancy requires active management and conservative underwriting