| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Poor |
| Demographics | 81st | Best |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3090 Jefferson St, Carlsbad, CA, 92008, US |
| Region / Metro | Carlsbad |
| Year of Construction | 1985 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | $2,495,000 |
| Buyer | P G P CARLSBAD SENIORS LTD |
| Seller | --- |
3090 Jefferson St Carlsbad Multifamily Investment
Neighborhood renter demand is deep with a high share of renter-occupied units, while overall occupancy in the neighborhood has shown more availability than national norms, according to WDSuite’s CRE market data. For investors, this mix points to steady leasing potential with select management focus on retention and pricing.
Carlsbad’s Urban Core location delivers strong daily-life convenience. The neighborhood ranks competitively among San Diego-Chula Vista-Carlsbad neighborhoods for amenities and sits in the top quartile nationally, with dense coverage of parks and grocery options that supports resident satisfaction and tenant retention. Dining and cafes are similarly plentiful, reinforcing walkable, lifestyle-oriented appeal for renters.
Median home values in the neighborhood are elevated relative to national and metro benchmarks, which tends to sustain reliance on multifamily housing and can support pricing power. At the same time, neighborhood occupancy has trailed national averages, suggesting a bit more availability; this can aid lease-up velocity for renovated units but warrants disciplined revenue management.
Tenure patterns indicate a high concentration of renter-occupied housing units, signaling a sizable and active tenant base for a 48-unit asset. Within a 3-mile radius, demographics point to gradual population growth and a faster increase in households, expanding the local renter pool and supporting occupancy stability over the medium term.
The property was built in 1976, older than the neighborhood’s average vintage. That profile typically requires thoughtful capital planning but can offer value-add upside through targeted renovations to improve unit finishes, common areas, and systems, positioning the asset competitively against newer stock.
Relative to U.S. neighborhoods, safety indicators for this area sit below national averages, reflecting higher reported rates of both property and violent incidents. Recent trend data show improvement, with an approximate quarter-over-year decline in estimated property offenses and a modest decline in violent incidents, based on WDSuite’s CRE market data. Investors should underwrite with prudent security measures and tenant communication practices while noting the improving trajectory.
Nearby employers span energy, life sciences, and technology, providing a diverse employment base that supports renter demand and commute convenience for residents. The list below highlights proximate corporate offices relevant to leasing stability in this submarket.
- Nrg Energy — energy (2.95 miles)
- Gilead Sciences — biotech/pharma (4.33 miles)
- Qualcomm — wireless & semiconductors (19.81 miles)
- Celgene Corporation — biotech/pharma (20.50 miles)
- Sempra Energy — utilities (32.19 miles) — HQ
3090 Jefferson St benefits from strong neighborhood fundamentals for renter appeal—dense amenities, lifestyle access, and a high share of renter-occupied housing units—while neighborhood occupancy trends suggest investors can capture lease-up and renovation-driven gains with disciplined management. Elevated local ownership costs reinforce reliance on multifamily housing, supporting demand for well-located, updated units near coastal employment corridors.
Constructed in 1976, the asset presents a clear value-add path through targeted interior and common-area upgrades and systems planning. Within a 3-mile radius, steady population growth alongside a faster increase in households points to a larger tenant base over the next cycle, which can support occupancy stability and renewal rates when paired with competitive positioning. According to CRE market data from WDSuite, these dynamics align with broader metro patterns favoring well-amenitized, workforce-accessible locations.
- High renter concentration supports a deep tenant base and consistent leasing activity
- Amenity-rich, walkable location enhances retention and justifies renovation premiums
- 1976 vintage offers value-add potential with targeted capex and modernization
- 3-mile household growth expands the renter pool, aiding occupancy stability over time
- Risks: softer neighborhood occupancy and below-average safety metrics warrant conservative underwriting and active asset management