| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 76th | Best |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 312 Acacia Ave, Carlsbad, CA, 92008, US |
| Region / Metro | Carlsbad |
| Year of Construction | 1986 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
312 Acacia Ave, Carlsbad Multifamily Opportunity
Neighborhood renter concentration and improving occupancy trends point to a stable tenant base, according to WDSuite’s CRE market data. Strength in local amenities and high-cost homeownership dynamics support sustained rental demand in this coastal Carlsbad pocket.
Set within Carlsbad’s Urban Core, the property benefits from a neighborhood rated A and ranked 92 out of 621 metro neighborhoods, placing it in the top quartile locally. Amenity access is a clear advantage: restaurant density sits among the highest nationally and parks are effectively top percentile, while grocery options are strong relative to many U.S. neighborhoods. Childcare and pharmacy density are limited in the immediate area, which is worth factoring into target renter profiles and marketing.
Home values are elevated versus national norms and the value-to-income ratio is among the highest nationwide, reinforcing renter reliance on multifamily housing and generally supporting pricing power. At the same time, the neighborhood’s rent-to-income profile indicates some affordability pressure, suggesting prudent lease management and renewal strategies for retention.
Neighborhood occupancy is measured at the neighborhood level and has improved over the past five years, indicating resilient demand through cycles based on CRE market data from WDSuite. The share of renter-occupied housing units is above the metro median, signaling depth in the tenant pool for workforce and lifestyle renters. Average school ratings track around the national middle, which can still support leasing given the strong amenity base and coastal location.
Demographic statistics are aggregated within a 3-mile radius: recent years show flat-to-mild population movement but notable growth in household counts, implying smaller household sizes and a larger tenant base. Forward-looking projections indicate increases in both households and incomes by 2028, which would support occupancy stability and rent growth potential if realized.
Safety indicators are mixed. Within the San Diego-Chula Vista-Carlsbad metro, the neighborhood ranks 186 out of 621, which is competitive among San Diego neighborhoods, but its national safety standing sits below the U.S. average. Notably, property offenses are estimated to have declined year over year, a constructive trend for investor risk assessment, while violent offense measures remain an area to monitor.
As with any urban core location, conditions can vary by block and time of day. Owners and managers typically address this through lighting, access controls, and community engagement to support resident retention and leasing.
Proximity to established employers supports commuter convenience and leasing stability, with a mix of energy, biopharma, and technology offices nearby. The list below reflects notable demand drivers within a short to moderate commute that align with the local renter base.
- NRG Energy — energy (2.6 miles)
- Gilead Sciences — biopharma (4.8 miles)
- Qualcomm — wireless technology (19.4 miles)
- Qualcomm — wireless technology (19.7 miles) — HQ
- Celgene Corporation — biopharma (20.0 miles)
Built in 1986, this 36-unit asset offers scale in a coastal submarket where elevated ownership costs tend to sustain rental demand. The vintage suggests potential value-add through unit and systems modernization, with larger floor plans averaging roughly 900 square feet providing a competitive canvas for renovations. According to CRE market data from WDSuite, neighborhood-level occupancy has trended upward and renter-occupied share is above the metro median, reinforcing depth in the tenant base.
Local fundamentals are propelled by an amenity-rich environment and strong employer access. High home values and a high value-to-income backdrop bolster multifamily positioning, though rent-to-income levels call for measured pricing and renewal strategies. Forward 3-mile projections indicate increases in households and incomes by 2028, supporting an expanding renter pool and stable lease-up prospects if trends materialize.
- Coastal Carlsbad location with top-tier parks, dining, and grocery access that support leasing velocity
- 1986 vintage with value-add potential via interior upgrades and building system updates
- Upward-trending neighborhood occupancy and above-metro renter-occupied share underpin tenant depth
- High-cost ownership market reinforces rental demand and pricing power for renovated product
- Risks: below-average national safety standing and rent-to-income pressure require thoughtful lease management