| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 76th | Best |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 351 Tamarack Ave, Carlsbad, CA, 92008, US |
| Region / Metro | Carlsbad |
| Year of Construction | 1978 |
| Units | 27 |
| Transaction Date | 2010-10-07 |
| Transaction Price | $4,600,000 |
| Buyer | TAMARACK SHORES APARTMENT HOMES LP |
| Seller | GREEN RICHARD W |
351 Tamarack Ave Carlsbad Value-Add Multifamily
Neighborhood-level data points to a strong renter base and high-cost ownership market that can sustain demand, according to WDSuite’s CRE market data. With a majority of nearby housing units renter-occupied, investors can focus on tenant retention and operations rather than lease-up risk.
Carlsbad’s Urban Core positioning supports daily-life convenience and leasing appeal. Amenity access ranks in the top quartile among 621 metro neighborhoods, with restaurants and grocery options scoring well against national peers. Parks density sits at the top of national comparisons, adding lifestyle value that helps with retention and renewal conversations.
From an income and rent context, neighborhood-level median contract rents are elevated compared with national norms, while rent-to-income ratios signal some affordability pressure. For investors, that combination argues for disciplined renewal management and targeted value that residents can see. Elevated home values relative to incomes indicate a high-cost ownership market, which typically reinforces renter reliance on multifamily housing and helps support occupancy durability.
Tenure patterns show a meaningful renter-occupied share of housing units at the neighborhood level, indicating depth in the tenant base for a 27-unit asset. The property’s 1978 construction is older than the local average vintage, creating potential for value-add through unit and system upgrades to compete against newer stock; capital planning should prioritize building systems and finishes most visible to prospective renters.
Demographics within a 3-mile radius show recent growth in households and forecasts calling for further expansion over the next five years, which can translate into a larger tenant base and support for rent levels. School ratings are around the metro’s mid-range, suggesting family appeal is serviceable, while cafe and restaurant density outperforms national benchmarks—useful for marketing to lifestyle-driven renters. These dynamics, based on commercial real estate analysis from WDSuite’s datasets, position the area as competitive among San Diego-Chula Vista-Carlsbad neighborhoods.
Safety indicators at the neighborhood level trend mixed when compared nationally. Recent estimates place violent and property offense rates below higher-performing national percentiles, while the latest year shows a notable decline in property offenses—an encouraging directional change. As always, investors should underwrite with current local information, property-level security considerations, and insurer feedback, recognizing that conditions can vary by block and over time.
Relative to the San Diego-Chula Vista-Carlsbad metro’s 621 neighborhoods, the area sits closer to the middle of the pack on composite safety measures rather than the top tier. Framing risk and mitigation—such as lighting, access control, and resident engagement—can help support retention and day-to-day operations.
Nearby employers in energy, life sciences, and technology create a diverse employment base that supports renter demand and commute convenience for workforce tenants. The list below highlights key names within practical driving distance that can bolster leasing stability.
- Nrg Energy — energy (2.2 miles)
- Gilead Sciences — biopharma (4.9 miles)
- Qualcomm — wireless technology (19.3 miles) — HQ
- Celgene Corporation — biotechnology (19.7 miles)
- Sysco — food distribution (22.3 miles)
351 Tamarack Ave offers an attainable, 27-unit scale in Carlsbad’s Urban Core where renter demand is supported by a meaningful renter-occupied share of housing units and a high-cost ownership market. The 1978 vintage is older than the neighborhood average, presenting value-add and modernization angles to sharpen competitive positioning versus newer stock. Household growth within a 3-mile radius and strong amenity access underpin tenant appeal, while elevated rents relative to national norms suggest pricing power balanced by the need for thoughtful lease management.
Based on CRE market data from WDSuite, the neighborhood’s occupancy trend has improved over recent years even as national percentile standings indicate room to outperform with targeted upgrades and operations. Investor focus should center on capex that translates to visible resident value, renewal discipline amid affordability pressure, and marketing to the area’s diversified employment base.
- Value-add upside from a 1978 vintage through unit and system upgrades
- Renter depth and high-cost ownership context support sustained demand
- Strong amenity access and lifestyle appeal aid leasing and retention
- Demand drivers include nearby energy, life sciences, and technology employers
- Risks: affordability pressure and mid-pack safety metrics require renewal discipline and on-site security plans