| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 76th | Best |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 315 Walnut Ave, Carlsbad, CA, 92008, US |
| Region / Metro | Carlsbad |
| Year of Construction | 1986 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | $4,568,000 |
| Buyer | OWNERSHIP NAME INFORMATION |
| Seller | --- |
315 Walnut Ave Carlsbad Multifamily Investment
Positioned in a high-cost ownership pocket of Carlsbad, the property benefits from durable renter demand and strong neighborhood amenities, according to WDSuite s CRE market data. The area s renter concentration and proximity to jobs support leasing resilience even as operators manage affordability and pricing discipline.
Carlsbad s Urban Core setting delivers lifestyle convenience that supports tenant retention. Restaurants and cafes are dense (restaurants in the 98th percentile and cafes in the 90th percentile nationally), and grocery access ranks in the 93rd percentile. Park access is a standout at the 100th percentile nationally, offering day-to-day livability that helps properties compete for renewals. Average school ratings are moderate (around 3 out of 5), which is typical for mixed-use coastal districts.
The neighborhood carries an A rating and ranks 92 out of 621 San Diego metro neighborhoods, placing it above the metro median for overall fundamentals. Median contract rents measure in a high national percentile, while median home values sit near the top nationwide, creating a high-cost ownership market that tends to reinforce reliance on multifamily housing. For investors, that context supports pricing power when product quality and operations are well executed.
Renter-occupied housing accounts for roughly 54% of units in the neighborhood, indicating a deep tenant base for a 64-unit asset. Neighborhood occupancy is reported at the neighborhood level (not the property) and sits below national medians; operators should emphasize renewal strategies and amenity positioning to sustain occupancy stability.
Within a 3-mile radius, household counts have been rising and are projected to expand further over the next five years, pointing to a larger tenant base even if household sizes shift. Coupled with income growth and elevated ownership costs, this trajectory supports multifamily demand and helps underpin rent collections across cycles, based on CRE market data from WDSuite.
Safety indicators for the neighborhood trend below national medians overall (around the 38th percentile for safety compared to neighborhoods nationwide), with violent incidents positioned in the lower decile nationally. Within the San Diego metro (621 neighborhoods), this places the area in the lower half for safety performance.
Property-related offenses show a meaningful year-over-year improvement (top quartile nationally for the pace of decline), which is a constructive trend to monitor. Investors typically account for this by emphasizing lighting, access controls, and community engagement while benchmarking incident trends against nearby San Diego submarkets.
Nearby employers anchor a diversified white-collar and tech-oriented workforce that supports renter demand and commute convenience for residents. The list below reflects proximate corporate offices that can influence leasing depth and retention: NRG Energy, Gilead Sciences, Qualcomm, Celgene, and Sysco.
- NRG Energy corporate offices (2.7 miles)
- Gilead Sciences corporate offices (4.7 miles)
- Qualcomm corporate offices (19.8 miles) HQ
- Celgene Corporation corporate offices (20.2 miles)
- Sysco corporate offices (22.8 miles)
315 Walnut Ave is a 64-unit, 1986-vintage asset in a high-amenity, high-cost ownership pocket of Carlsbad. Elevated home values and strong food-and-park access underpin steady renter demand, while a renter-occupied share above half of neighborhood housing indicates depth in the tenant base. The 1980s vintage suggests scope for value-add and systems upgrades to sharpen competitive positioning and capture premium-to-market renewals where operations support it, according to CRE market data from WDSuite.
Neighborhood occupancy is measured at the neighborhood level and sits below national medians, so execution will hinge on retention, unit turn efficiency, and amenity-forward marketing. Safety metrics lag national norms but show improving property-crime trends; disciplined onsite management and capital planning can mitigate exposure while benefiting from the area s long-run demand drivers and income growth.
- High-cost ownership market reinforces multifamily demand and supports pricing power
- Amenity-rich location (parks, dining, groceries) aids leasing and renewals
- 1986 vintage provides value-add and system-upgrade potential
- Deep renter base at the neighborhood level supports occupancy stability
- Risks: below-median neighborhood safety and occupancy require strong operations