| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 76th | Best |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 315 Acacia Ave, Carlsbad, CA, 92008, US |
| Region / Metro | Carlsbad |
| Year of Construction | 1986 |
| Units | 24 |
| Transaction Date | 2018-11-07 |
| Transaction Price | $9,748,500 |
| Buyer | SPANISH LANDING CARLSBAD APARTMENT HOMES |
| Seller | WYER STEPHEN |
315 Acacia Ave Carlsbad Multifamily in High-Cost Market
Investor appeal centers on renter demand supported by a high-cost ownership landscape and a sizable renter-occupied base in the surrounding neighborhood, according to WDSuite s CRE market data. Expect stable leasing interest tied to location fundamentals rather than concessions-driven traffic.
This Urban Core pocket of Carlsbad offers daily convenience and lifestyle drivers that support tenant retention: dining and grocery access rank strong nationally, with restaurants and cafes concentrated at levels that are competitive in major coastal markets, and parks density near the top of national comparisons. School ratings in the area trend moderate. These are neighborhood-level indicators and not property-specific operations.
For investors, the local housing context matters. Neighborhood home values sit in a high-cost ownership market, which tends to sustain rental demand and pricing power for well-run assets. Neighborhood rents are elevated versus national norms, while the renter-occupied share is high, indicating depth in the tenant base and potential for steady absorption across comparable properties. At the same time, rent-to-income ratios suggest some affordability pressure; active lease management and renewal strategies remain important.
Operationally, neighborhood net operating income per unit trends above national percentiles, signaling favorable revenue potential among comparable assets. However, neighborhood occupancy (measured for the neighborhood, not this property) trails national medians, which points to competitive leasing conditions; positioning, unit finishes, and amenity fit will influence performance.
Vintage also plays into the strategy. The property was built in 1986, slightly older than the neighborhood s average construction year, creating potential value-add through targeted renovations and system updates while remaining broadly competitive in a location with strong amenity access. Demographics aggregated within a 3-mile radius show households growing even as average household size trends lower, and forward projections indicate increases in both population and households factors that expand the local renter pool and can support occupancy stability over time.
Safety indicators for the neighborhood track below the national median, with violent and property offense rates in lower national percentiles compared with neighborhoods nationwide. This aligns with patterns seen in many urban-core locations. Over the past year, property offenses have declined materially, an encouraging trend to monitor alongside local enforcement and community initiatives.
Within the San Diego Chula Vista Carlsbad metro (621 neighborhoods), this area s crime ranking sits in the lower half of national comparisons; investors should underwrite prudent security and lighting measures and consider how visibility, site design, and resident engagement can support tenant retention.
Nearby employers span energy, life sciences, and logistics, supporting a diversified renter base and commute-friendly appeal for workforce housing. The list below reflects organizations most relevant to local leasing dynamics: NRG Energy, Gilead Sciences, Qualcomm, Celgene, and Sysco.
- NRG Energy energy (2.5 miles)
- Gilead Sciences life sciences (4.8 miles)
- Qualcomm wireless & semiconductors (19.6 miles) HQ
- Celgene Corporation biopharma (20.0 miles)
- Sysco foodservice distribution (22.6 miles)
315 Acacia Ave is a 24-unit 1986-vintage asset positioned in a high-cost ownership pocket of Carlsbad where elevated home values and a high renter-occupied share reinforce multifamily demand. Based on CRE market data from WDSuite, neighborhood-level NOI per unit trends above national benchmarks, while amenity access (dining, grocery, parks) enhances livability that can support lease retention. The asset s slightly older vintage versus the local average suggests practical value-add upside through interior updates and system modernization.
Demographic data aggregated within a 3-mile radius indicate household growth and projections for increases in both population and households over the next five years, expanding the renter pool and supporting occupancy stability. Counterpoints include neighborhood occupancy tracking below national medians and affordability pressure from higher rent-to-income ratios, which argue for disciplined leasing, renewal analytics, and unit-level differentiation.
- High-cost ownership market supports sustained renter demand and pricing power
- Above-average neighborhood NOI per unit and strong amenity access bolster retention
- 1986 vintage offers targeted value-add potential via renovations and system updates
- 3-mile demographics show growing households and a larger renter pool over time
- Risks: neighborhood occupancy below national medians, affordability pressure, and urban-core safety considerations