| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 77th | Best |
| Amenities | 66th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3333 Calle Del Sur, Carlsbad, CA, 92009, US |
| Region / Metro | Carlsbad |
| Year of Construction | 1987 |
| Units | 96 |
| Transaction Date | 2025-04-04 |
| Transaction Price | $138,750,000 |
| Buyer | BMF V CA SANTA FE RANCH LLC |
| Seller | SANTA FE RANCH LLC |
3333 Calle Del Sur, Carlsbad CA Multifamily Investment
Situated in an Inner Suburb of the San Diego metro, the neighborhood shows strong renter demand and high occupancy stability, according to WDSuite’s CRE market data. Elevated ownership costs in the area tend to sustain reliance on rental housing, supporting lease retention and pricing power.
This Carlsbad location benefits from established suburban fundamentals and a high-performing neighborhood profile (rated A). Neighborhood occupancy is in the top quartile among 621 metro neighborhoods, a marker of stable leasing conditions that can support cash flow durability at the property level.
Amenities are competitive for suburban San Diego: restaurant and cafe density track above national averages, and everyday retail such as grocery and pharmacy access is solid. Average school ratings are strong (top decile nationally), which can enhance long-term neighborhood appeal for multifamily tenants seeking consistency and quality of life.
Within a 3-mile radius, the tenant base skews higher income with a deep professional workforce, and the renter-occupied share indicates a meaningful pool of households that rely on multifamily. Over the past five years, the area saw population growth alongside gains in household counts; forward-looking data point to smaller household sizes and continued household growth even as total population is projected to edge down — a mix that generally expands the number of renting households and supports occupancy stability.
The property’s 1987 vintage is slightly older than the neighborhood average year built, suggesting potential value-add and capital planning opportunities (exterior/interior refresh, systems modernization) to maintain competitive positioning against newer stock while capturing demand supported by high neighborhood occupancy.
Home values are elevated relative to national and metro norms, which typically reinforces renter reliance on multifamily housing and can aid lease retention. Rent levels are also high for the region, but rent-to-income readings indicate relatively manageable affordability pressure for many local households — a constructive setup for renewal performance and measured rent growth.
One limitation to note is limited park acreage within the immediate neighborhood footprint; however, broader coastal North County amenities and services remain accessible, and overall amenity density ranks above national norms.
Neighborhood safety indicators are mixed when compared nationally. Property crime levels sit below the national median (lower national safety percentile), though recent trends show a notable year-over-year improvement. Violent offense rates remain below the national median for safety as well and have recently ticked up, so owners should monitor conditions over time. Framing this at the portfolio level, investors can plan for standard security measures and community engagement to support resident confidence.
At the metro level, the area is not among San Diego’s highest-safety quartile but demonstrates directionally improving property-crime trends. As always, risk management, lighting, and access controls can help sustain leasing performance without over-reliance on neighborhood-wide improvements.
Nearby corporate hubs diversify the employment base and support leasing through commute convenience, particularly for life sciences, energy, and distribution roles listed below.
- NRG Energy — energy services (5.7 miles)
- Gilead Sciences — biopharma (9.6 miles)
- Qualcomm — wireless technology (12.6 miles) — HQ
- Celgene Corporation — biopharma (13.4 miles)
- Sysco — food distribution (14.4 miles)
3333 Calle Del Sur sits in a high-income North County submarket where elevated ownership costs and top-quartile neighborhood occupancy support durable rental demand. Based on CRE market data from WDSuite, the surrounding neighborhood posts strong amenity access and school quality, with rent-to-income readings that suggest manageable affordability pressure for many local households — constructive for renewals and steady occupancy.
Built in 1987, the asset is slightly older than the neighborhood’s average year built, creating a practical pathway for value-add upgrades and systems enhancements to stay competitive against newer product. Looking ahead, the 3-mile area is expected to see smaller household sizes and continued household growth, which typically broadens the renter pool even if total population moderates — supportive of long-run stabilization. Investors should monitor mixed safety trends and plan routine capex to protect positioning.
- Top-quartile neighborhood occupancy among 621 metro areas supports leasing stability
- High-cost ownership market reinforces multifamily demand and renewal potential
- 1987 vintage offers tangible value-add and systems modernization opportunities
- 3-mile household growth and rising incomes expand the renter pool over time
- Risks: mixed safety signals and routine capex needs to maintain competitiveness