| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 76th | Best |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 336 Pine Ave, Carlsbad, CA, 92008, US |
| Region / Metro | Carlsbad |
| Year of Construction | 1986 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
336 Pine Ave Carlsbad Multifamily Investment Opportunity
This 50-unit property built in 1985 sits in an A-rated neighborhood where renter-occupied units comprise 54% of housing stock, supporting stable tenant demand. According to CRE market data from WDSuite, the area demonstrates strong fundamentals with above-average net operating income per unit performance.
Located in Carlsbad's urban core, this neighborhood ranks in the top quartile among 621 metro neighborhoods for overall investment attractiveness with an A rating. The area shows robust rental fundamentals, with 54% of housing units renter-occupied—well above the national average and indicating strong multifamily demand. Median contract rents of $2,368 place the neighborhood in the 96th percentile nationally, reflecting premium pricing power in this coastal San Diego submarket.
The property's 1985 construction year aligns closely with the neighborhood average of 1988, positioning it within established building stock that may offer value-add renovation opportunities. Demographics within a 3-mile radius show a stable tenant base with median household income of $100,626 and projected growth to $133,259 by 2028—a 32% increase that supports rent growth potential. The area attracts educated residents, with 32.5% holding bachelor's degrees, ranking in the 88th percentile nationally.
Neighborhood occupancy sits at 82.8%, though this reflects broader market dynamics rather than property-specific performance. The area benefits from exceptional amenity density, ranking in the 100th percentile nationally for parks per square mile and 98th percentile for restaurant access. Grocery store availability also ranks in the 93rd percentile, supporting tenant retention through convenient daily needs access.
Safety metrics present a mixed profile that requires careful consideration. Property crime rates show improvement with a 34% decline over the past year, ranking in the 77th percentile nationally for crime reduction trends. However, current property offense rates remain elevated at approximately 1,356 incidents per 100,000 residents, placing the neighborhood in the lower portion of the metro area rankings.
Violent crime rates are more concerning, with the neighborhood ranking in the 10th percentile nationally—indicating higher violent crime relative to comparable areas nationwide. Investors should factor these safety considerations into tenant screening, property management protocols, and security infrastructure planning when evaluating this opportunity.
The property benefits from proximity to major corporate employers that support steady workforce housing demand, including energy, biotech, and technology companies within commutable distance.
- NRG Energy — energy services (2.9 miles)
- Gilead Sciences — biotechnology (4.7 miles)
- Qualcomm — technology & telecommunications (19.7 miles) — HQ
- Celgene Corporation — biotechnology (20.4 miles)
- Sempra Energy — utilities (32.0 miles) — HQ
This Carlsbad multifamily asset presents compelling fundamentals in an A-rated neighborhood with premium rent levels and strong demographic support. The property's 1985 vintage offers potential value-add opportunities through strategic renovations while benefiting from an established rental market where 54% of housing units are renter-occupied. Commercial real estate analysis shows the area generates above-average NOI per unit at $11,491, ranking in the 86th percentile nationally, indicating strong operational performance potential.
Demographic projections within the 3-mile radius support long-term demand, with household income growth of 32% projected through 2028 and renter-occupied units forecast to expand. The neighborhood's exceptional amenity access and educated resident base provide tenant retention advantages, though investors should account for elevated crime metrics and monitor occupancy trends that currently lag metro averages.
- Premium rent environment with $2,368 median placing neighborhood in 96th percentile nationally
- Strong NOI performance potential with area average of $11,491 per unit ranking in top 15% nationally
- Projected 32% household income growth through 2028 supporting rent escalation
- Value-add renovation opportunities given 1985 construction in established market
- Risk consideration: Safety metrics require enhanced security planning and tenant management protocols