| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 76th | Best |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 342 Juniper Ave, Carlsbad, CA, 92008, US |
| Region / Metro | Carlsbad |
| Year of Construction | 1974 |
| Units | 26 |
| Transaction Date | 2004-01-01 |
| Transaction Price | $4,600,000 |
| Buyer | Glenn L. Goldman Family Trust |
| Seller | Virgil D. Gentzler |
342 Juniper Ave Carlsbad 26-Unit Multifamily Investment
Neighborhood-level metrics point to a deep renter base and strong amenity access that support leasing durability, according to WDSuite’s CRE market data; all occupancy and demand indicators referenced are for the surrounding neighborhood, not this property.
Carlsbad’s coastal Urban Core setting delivers daily-life convenience that helps multifamily retention. The neighborhood ranks 92 out of 621 in the San Diego–Chula Vista–Carlsbad metro (top quartile among metro neighborhoods) with an A rating, per WDSuite. Parks are a standout strength (top national percentile), and dining and grocery options are dense by national standards, while pharmacies and formal childcare are limited nearby. Average school ratings sit in the middle of the pack, which supports broad appeal without commanding premium school-driven pricing.
For investors assessing demand depth, the neighborhood’s renter concentration is elevated: more than half of housing units are renter-occupied, indicating a sizeable tenant base for 26-unit assets. Median home values are high relative to national norms, which generally sustains reliance on rental housing and can aid lease retention. At the same time, rent-to-income dynamics signal some affordability pressure, suggesting disciplined renewal and pricing strategies.
Neighborhood-level occupancy sits below national percentiles but has been trending upward over the last five years, which supports a constructive view on stabilization for well-managed properties. NOI per unit at the neighborhood level compares favorably to national benchmarks, underscoring income potential where assets are appropriately positioned.
Demographics aggregated within a 3-mile radius show households growing over the past five years and forecasts indicate further expansion by 2028, pointing to a larger tenant base over time. Population mix is balanced across age cohorts, which supports a variety of unit types and lease-up strategies for multifamily property research.
Safety indicators are mixed in a way investors can underwrite. Within the San Diego–Chula Vista–Carlsbad metro, the neighborhood’s crime rank (186 of 621) places it above the metro median. Nationally, however, safety sits below average based on percentile readings. Property offenses have declined materially over the past year, while violent offense measures remain less favorable versus national norms. These trends suggest standard security measures and prudent loss assumptions remain appropriate.
Nearby employers span energy, life sciences, and technology, supporting commuter demand and lease retention for workforce and professional renters. The list below reflects key nodes that anchor the local employment base mentioned here.
- Nrg Energy — energy (2.5 miles)
- Gilead Sciences — biotechnology (4.8 miles)
- Qualcomm — semiconductors & technology (19.6 miles) — HQ
- Celgene Corporation — biopharma offices (19.9 miles)
- Sysco — food distribution (22.5 miles)
342 Juniper Ave offers a 26-unit footprint in a high-amenity Carlsbad neighborhood where renter concentration is elevated and ownership costs are among the highest nationally—conditions that typically sustain rental demand and support retention. Neighborhood occupancy has trended upward in recent years even though it remains below national percentiles, and neighborhood NOI per unit compares favorably, according to CRE market data from WDSuite. Demographics within a 3-mile radius point to growing household counts and a projected expansion in both population and incomes through 2028, which can translate into a larger tenant base and steady leasing.
Built in 1974, the asset is older than the area’s average vintage, creating a clear value‑add and capital planning angle to enhance competitiveness against younger stock. Investors should also account for affordability pressure in underwriting and maintain prudent assumptions on security and turn costs given mixed but improving neighborhood safety trends.
- High-cost ownership market reinforces reliance on rentals, supporting retention potential.
- Upward neighborhood occupancy trend and favorable NOI per unit support income resilience.
- 1974 vintage provides value‑add/CapEx pathway to compete with newer supply.
- 3‑mile demographics show growing households and rising incomes, expanding the tenant base.
- Risks: affordability pressure, below‑average national safety percentiles; underwrite renewals and security accordingly.