| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Poor |
| Demographics | 81st | Best |
| Amenities | 94th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3330 Harding St, Carlsbad, CA, 92008, US |
| Region / Metro | Carlsbad |
| Year of Construction | 1987 |
| Units | 22 |
| Transaction Date | 2002-05-03 |
| Transaction Price | $2,620,000 |
| Buyer | AFJR PARTNERSHIP LP |
| Seller | GOSSELIN MARK |
3330 Harding St Carlsbad Multifamily Investment Opportunity
High renter concentration in a high-cost ownership market suggests durable tenant demand for this 22-unit asset, according to WDSuite’s CRE market data.
Located in Carlsbad’s urban core, the neighborhood rates A+ and ranks 25 out of 621 San Diego metro neighborhoods, placing it among the top quartile locally. Amenity access is a clear strength: grocery, restaurant, park, and daily-needs density all test in the high national percentiles, supporting resident convenience and leasing appeal for workforce and lifestyle renters. This aligns with investor takeaways from WDSuite’s multifamily property research without relying on speculative drivers.
Renter-occupied share is elevated at the neighborhood level, with a renter concentration that is above the metro median (68.9% renter-occupied units). For investors, this depth of the tenant base can support leasing velocity and renewal capture, though on-the-ground execution still drives outcomes. Neighborhood occupancy is moderate (86.9%), which underscores the importance of asset quality, unit mix, and management to sustain stabilization relative to nearby comparables.
Home values are significantly elevated versus national norms (median near the 99th percentile nationally), which tends to reinforce reliance on rental housing and can support pricing power during steady demand periods. At the same time, rent-to-income ratios indicate some affordability pressure relative to national benchmarks, a factor to monitor in renewal strategies and concession discipline.
Within a 3-mile radius, demographics point to a growing and increasingly affluent renter pool: population and household counts have risen in recent years, with further expansion projected over the next five years. This suggests a larger tenant base and supports occupancy stability and rent growth potential in line with regional trends, based on CRE market data from WDSuite.
Safety conditions should be evaluated comparatively and over time. The neighborhood’s crime profile sits below the national median (around the 36th percentile nationwide), so investors should underwrite with conservative assumptions and property-level mitigation where appropriate. Within the San Diego metro, the area ranks 221 out of 621 neighborhoods, indicating it is competitive among metro peers but not in the top tier for safety.
Recent trend data offer some positive signals: estimated property offenses declined year over year, and violent offense rates have edged lower as well, according to WDSuite’s CRE market data. While these shifts do not eliminate risk, they suggest momentum worth monitoring alongside property-level measures such as lighting, access control, and resident engagement.
Nearby employers span energy, life sciences, and utilities, which supports a diverse workforce renter base and commute convenience for residents. This section highlights NRG Energy, Gilead Sciences, Qualcomm, Celgene, and Sempra Energy.
- NRG Energy — energy services (2.7 miles)
- Gilead Sciences — biopharma (4.3 miles)
- Qualcomm — wireless technology (19.9 miles) — HQ
- Celgene — biopharma offices (20.3 miles)
- Sempra Energy — utilities (32.0 miles) — HQ
Built in 1987, the asset is slightly newer than the neighborhood average vintage and should remain competitive against older stock with targeted updates. Elevated neighborhood renter concentration and strong amenity access support leasing fundamentals, while high home values in this part of North County San Diego reinforce reliance on multifamily housing. According to commercial real estate analysis from WDSuite, neighborhood occupancy trends are moderate, so execution on renovations, unit finishes, and operations will be important for stabilization and retention.
Within a 3-mile radius, population and households have been growing and are projected to expand further, which points to a larger tenant base and potential demand tailwinds over the medium term. Affordability pressure, reflected in rent-to-income benchmarks, warrants measured rent growth planning and a focus on resident retention to balance pricing power with lease stability.
- Renter-occupied concentration supports demand depth and renewal capture
- Amenity-rich location near top-tier retail, parks, and services
- 1987 vintage with value-add and modernization potential versus older stock
- Expanding 3-mile population and household counts support occupancy stability
- Risk: moderate neighborhood occupancy and affordability pressure require disciplined leasing and renewal strategy