| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Poor |
| Demographics | 81st | Best |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2848 Jefferson St, Carlsbad, CA, 92008, US |
| Region / Metro | Carlsbad |
| Year of Construction | 1989 |
| Units | 57 |
| Transaction Date | --- |
| Transaction Price | $3,283,000 |
| Buyer | OWNERSHIP NAME INFORMATION |
| Seller | --- |
2848 Jefferson St Carlsbad Multifamily Investment
Neighborhood data points to strong renter demand supported by a high renter-occupied share, while occupancy is measured for the neighborhood rather than this property; according to WDSuite’s CRE market data, these dynamics favor stable leasing with thoughtful asset management.
Situated in Carlsbad’s Urban Core, the neighborhood is competitive among San Diego-Chula Vista-Carlsbad neighborhoods (25 of 621). Amenity access is a clear strength, with grocery options and parks in the 99th percentile nationally, restaurants in the 98th percentile, and cafés and childcare also well above national medians. This level of daily convenience supports renter retention and lease-up velocity.
At the neighborhood level, renter-occupied housing accounts for a large share of units (high renter concentration), pointing to a deep tenant base for multifamily. Median contract rents are elevated for the area, and the rent-to-income profile suggests some affordability pressure to monitor, but the high-cost ownership market (home values near the top of U.S. neighborhoods) tends to reinforce reliance on rental housing and supports pricing power for well-positioned assets.
Construction year averages in the immediate area skew mid-1980s. With a 1989 vintage, this asset is slightly newer than the neighborhood average, which can be competitively advantageous versus older stock; investors should still plan for modernization of building systems and finishes to capture value-add upside and support occupancy.
Demographic statistics aggregated within a 3-mile radius show a stable population today and forecasts indicating increases in both households and incomes over the next five years. A larger, higher-earning renter pool supports demand for quality renovations and provides a platform for durable occupancy, even as operators remain attentive to lease management and renewal strategies.
Neighborhood occupancy runs softer than many U.S. areas, so disciplined marketing and concessions strategy may be necessary near-term; however, strong amenity density and a high renter base mitigate volatility and can help sustain stabilized performance relative to the metro.
Safety conditions should be considered in context. Within the San Diego-Chula Vista-Carlsbad metro, the neighborhood’s crime rank sits in the more moderate range (221 of 621), indicating it is competitive among San Diego neighborhoods but not among the very safest.
Compared with neighborhoods nationwide, reported measures trend below national safety percentiles, yet recent directional data shows improvement: property offense estimates declined year over year, and violent offense rates also edged down. For investors, this suggests ongoing attention to security design, lighting, and resident engagement can support retention while benefiting from improving trends.
Nearby employers span energy, life sciences, and technology, supporting a diverse workforce and commute convenience that can bolster leasing and tenant retention for workforce-oriented units. The list below reflects notable employers within practical commuting distance.
- Nrg Energy — energy (3.2 miles)
- Gilead Sciences — biopharma (4.3 miles)
- Qualcomm — semiconductors & wireless (20.3 miles) — HQ
- Celgene Corporation — biotech (20.7 miles)
- Sysco — foodservice distribution (23.1 miles)
2848 Jefferson St is a 57-unit, late-1980s multifamily asset positioned in a high-amenity Urban Core pocket of Carlsbad. The area’s deep renter-occupied housing base and nationally strong amenity access underpin demand, while a high-cost ownership landscape supports renter reliance on multifamily housing. Based on CRE market data from WDSuite, neighborhood occupancy trends are softer than many U.S. areas, suggesting the need for active leasing management; however, the combination of commuter access, service density, and a growing higher-income household base within a 3-mile radius supports long-run stabilization.
The 1989 vintage is slightly newer than the neighborhood average, creating a path for thoughtful value-add through system updates and interior modernization. With average unit sizes around 512 square feet, efficient floor plans can capture steady demand from singles and downsizing households, while targeted upgrades and amenity programming can enhance rentability relative to older nearby stock.
- High renter-occupied share in the neighborhood indicates a deep tenant base supporting demand and retention.
- Strong national standing for amenities (grocery, parks, restaurants) supports leasing velocity and resident satisfaction.
- 1989 vintage offers value-add potential via targeted system and interior upgrades versus older area stock.
- High-cost ownership market reinforces multifamily demand and can support pricing power for well-positioned units.
- Risk: Neighborhood occupancy is softer than many U.S. areas; proactive leasing and renewal strategies are important.