| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Poor |
| Demographics | 81st | Best |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3316 Harding St, Carlsbad, CA, 92008, US |
| Region / Metro | Carlsbad |
| Year of Construction | 1973 |
| Units | 24 |
| Transaction Date | 2002-05-03 |
| Transaction Price | $2,500,000 |
| Buyer | AFJR PARTNERSHIP LP |
| Seller | GOSSELIN MARK |
3316 Harding St Carlsbad Multifamily Investment
Neighborhood renter concentration and elevated ownership costs in coastal Carlsbad point to durable tenant demand, according to WDSuite s CRE market data. Strong amenity access supports leasing, while a 1973 vintage may offer value-add potential.
Situated in Carlsbad s Urban Core, the property benefits from a high-amenity environment the neighborhood ranks 25th out of 621 metro neighborhoods with an A+ rating, placing it among the competitive set in the San Diego-Chula Vista-Carlsbad region and in the top quartile nationally. Grocery, restaurant, and park access score near the top of national comparisons, which helps support resident retention and rentability.
At the neighborhood level, an estimated 68.9% of housing units are renter-occupied (above the metro median), indicating a deep tenant base for multifamily. Reported occupancy for the neighborhood is softer, which suggests the need for focused leasing and asset management at the property level to maintain stability and capture demand where amenities and location advantages are strongest.
Home values in the neighborhood sit at the high end relative to national peers, creating a high-cost ownership market that tends to sustain reliance on multifamily housing and can support pricing power for well-positioned assets. Rent-to-income dynamics point to affordability considerations that owners should manage through renewal strategies and product differentiation rather than across-the-board increases.
Within a 3-mile radius, demographics show recent population growth with households expanding and forecast to accelerate over the next five years, indicating a larger tenant base and ongoing renter pool expansion. Median household incomes are solid for the metro, supporting demand for well-maintained units close to employment and services.
The asset s 1973 construction year is older than the neighborhood s average vintage (1985). Investors should underwrite capital needs and consider targeted renovations to improve competitive positioning and capture value-add upside in an amenity-rich location.
Neighborhood safety indicators compare less favorably at the national level, with both property and violent offense rates sitting in lower national percentiles. However, recent trend data shows year-over-year declines in estimated offense rates, which is a constructive directional signal for investors focused on leasing stability and resident perception.
Within the San Diego-Chula Vista-Carlsbad metro, the neighborhood s crime rank is competitive among 621 neighborhoods, though still below national benchmarks. For underwriting, this points to standard risk management and security measures rather than extraordinary mitigations, while monitoring the improving trend.
Proximity to a diversified employment base supports renter demand and commute convenience, notably in energy, biotech, and technology. The employers below represent nearby demand drivers accessible from the neighborhood.
- Nrg Energy energy/utilities (2.7 miles)
- Gilead Sciences biotech (4.3 miles)
- Qualcomm telecommunications & semiconductors (19.9 miles) HQ
- Celgene Corporation biotech (20.3 miles)
- Sysco food distribution (22.7 miles)
3316 Harding St offers a 24-unit, 1973-vintage asset in an amenity-dense Carlsbad location. The neighborhood is among the stronger performers in the metro on overall livability, and a high renter-occupied share indicates depth of tenant demand. According to CRE market data from WDSuite, neighborhood occupancy trends are softer, which places a premium on hands-on leasing and targeted upgrades to compete effectively.
High home values locally reinforce renter reliance on multifamily, while 3-mile demographics point to population and household growth that can expand the tenant base over the medium term. Given the older vintage versus neighborhood norms, investors may unlock value through selective renovations and common-area improvements tied to amenities and retention.
- Amenity-rich Urban Core location with top-tier access to groceries, dining, and parks
- High neighborhood renter-occupied share supports leasing depth and renewal potential
- 1973 vintage offers value-add potential through targeted interior and systems upgrades
- 3-mile growth in population and households suggests a larger tenant base over time
- Risk: softer neighborhood occupancy and below-national safety benchmarks require active asset management