| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Poor |
| Demographics | 81st | Best |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2825 Hope Ave, Carlsbad, CA, 92008, US |
| Region / Metro | Carlsbad |
| Year of Construction | 2000 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2825 Hope Ave Carlsbad Multifamily Investment
Located in an A+ rated Carlsbad neighborhood where elevated home values and a high share of renter-occupied units point to durable multifamily demand, according to WDSuite’s CRE market data. Neighborhood occupancy and rent levels reflect broader coastal San Diego dynamics rather than property-specific performance.
This address sits in one of the top quartile neighborhoods among 621 San Diego–Chula Vista–Carlsbad metro neighborhoods, supported by dense amenities and strong income fundamentals. Grocery, park, and dining access rank near the top of national comparisons, helping sustain renter appeal and day-to-day convenience for residents.
Construction year for the property is 2000, newer than the neighborhood’s average vintage (1985). For investors, that typically means relatively competitive positioning versus older stock, while still planning for mid-life system updates or targeted renovations to support rent competitiveness and retention.
Within a 3-mile radius, demographics indicate a stable population with household counts trending higher and forecasted growth over the next five years, expanding the potential renter base. Rising median incomes and a balanced age mix support demand for professionally managed apartments and can help underpin occupancy stability.
Neighborhood indicators show a high renter concentration (renter-occupied share ranks in the top national brackets), which signals depth in the tenant pool. At the same time, the neighborhood’s overall housing occupancy trails national medians; investors should underwrite prudent lease-up timelines while recognizing that elevated local home values and a high value-to-income ratio reinforce sustained reliance on rental housing rather than ownership.
Safety trends in the immediate neighborhood trail national norms and are less favorable than many San Diego metro subareas (ranked 221 among 621 metro neighborhoods). However, recent momentum shows improvement: estimated property offenses declined by 25.5% year over year, and violent offense rates also eased modestly. Investors commonly address conditions like these through standard security measures and active property management.
Nearby employers span energy, life sciences, and technology, supporting a diversified renter pool and commute convenience for residents. The list below highlights notable regional anchors within practical driving range.
- NRG Energy — energy (3.2 miles)
- Gilead Sciences — biopharma (4.2 miles)
- Qualcomm — semiconductors & wireless (20.3 miles) — HQ
- Celgene Corporation — biopharma (20.7 miles)
- Sysco — food distribution (23.1 miles)
The investment case centers on durable renter demand in a high-cost homeownership market, depth in the renter-occupied housing stock, and amenity-rich fundamentals that support retention. Based on commercial real estate analysis from WDSuite, the neighborhood scores in the top tier locally for overall environment and amenities, while the property’s 2000 vintage positions it competitively against older inventory with room for targeted modernization to capture value-add upside.
Within a 3-mile radius, household counts are rising and are projected to grow further, increasing the tenant base and supporting occupancy over time. Elevated home values and a high value-to-income ratio in the neighborhood reinforce renter reliance on multifamily housing, while strong access to jobs across energy, life sciences, and technology bolsters leasing durability. Underwriting should account for neighborhood safety that trails national norms and for variability in occupancy at the neighborhood level.
- Amenity-rich A+ neighborhood with top-tier metro standing supports leasing and retention
- 2000 vintage offers competitive positioning versus older stock with value-add renovation potential
- High-cost ownership market sustains renter demand and pricing power for well-managed assets
- 3-mile household growth outlook expands the prospective tenant base and supports occupancy stability
- Risks: neighborhood safety below national averages and variable neighborhood occupancy warrant conservative lease-up and OPEX planning