| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 76th | Best |
| Amenities | 25th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3525 Glen Ave, Carlsbad, CA, 92010, US |
| Region / Metro | Carlsbad |
| Year of Construction | 2008 |
| Units | 78 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3525 Glen Ave Carlsbad Multifamily Investment Opportunity
Neighborhood fundamentals point to steady renter demand supported by elevated ownership costs and stable occupancy, according to WDSuite’s CRE market data. The takeaway for investors is consistent leasing potential in a high-cost ownership market, with retention aided by competitive rent-to-income dynamics at the neighborhood level.
Located in Carlsbad’s inner suburb, the neighborhood carries a B rating and ranks 250 out of 621 San Diego metro neighborhoods—above the metro median—signaling balanced livability and investment appeal for workforce and professional tenants. Elevated home values in the area reinforce renter reliance on multifamily housing and can support pricing power relative to lower-cost markets.
Occupancy in the neighborhood is approximately 93.0%, modestly above national norms and supportive of day-to-day leasing stability. The share of housing units that are renter-occupied is about 26.4%, indicating a moderate renter concentration and a reliable, if selective, tenant base for a 78-unit asset.
Within a 3-mile radius, population and households have expanded over the past five years, with households growing faster than population—pointing to smaller household sizes and a larger tenant base for multifamily. Household incomes are high for the region, and together with a neighborhood rent-to-income ratio near 0.23, this suggests manageable affordability pressure that can aid retention.
Amenity access is mixed: parks access trends well versus national peers, while cafes, groceries, and restaurants are less dense locally. For investors, this profile points to demand anchored by employment and schools, with residents more destination-oriented for dining and retail—typical of low-density suburban nodes in the San Diego–Chula Vista–Carlsbad metro.
The property’s 2008 vintage is newer than the neighborhood’s average construction year (2000). That relative youth can enhance competitive positioning versus older stock, though investors should still plan for selective modernization and systems updates over the hold.
Safety indicators are mixed in comparative terms. The neighborhood’s crime rank is 130 out of 621 within the San Diego metro, placing it below the metro average for safety, and national comparisons align in the lower half of neighborhoods nationwide. Property offenses have declined over the past year, while violent offense measures remain less favorable; overall, the read-through is cautious with some improvement on the property offense side.
For underwriting, this supports attention to on-site security, lighting, and tenant screening, while recognizing that recent property offense declines may help leasing management and retention if the trend persists.
Proximity to corporate offices supports commuter convenience and weekday stability in renter demand, with nearby roles concentrated in energy, life sciences, and corporate operations. The following employers anchor the area within practical commuting distance.
- Nrg Energy — corporate offices (2.2 miles)
- Gilead Sciences — corporate offices (3.8 miles)
- Qualcomm — corporate offices (18.2 miles)
- Celgene Corporation — corporate offices (19.1 miles)
- Sempra Energy — corporate offices (30.8 miles) — HQ
This 78-unit asset benefits from a high-cost ownership context and neighborhood occupancy around 93.0%, which together support durable leasing and rent growth management relative to national norms. The 2008 construction is newer than much of the local stock, providing a competitive edge versus older properties while leaving room for targeted upgrades to drive value-add returns.
Within a 3-mile radius, population and households have grown and are projected to continue rising, indicating a larger tenant base over the medium term. Elevated home values and a neighborhood rent-to-income ratio near 0.23 suggest sustained renter reliance on multifamily and manageable affordability pressure—factors that can underpin occupancy stability, according to commercial real estate analysis from WDSuite.
- Newer 2008 vintage relative to neighborhood average, supporting competitive positioning with selective modernization upside
- Occupancy around 93.0% at the neighborhood level supports consistent leasing and retention
- High-cost ownership market and solid incomes reinforce renter demand and pricing power
- Risks: mixed safety metrics vs. metro averages and lower nearby retail density may require proactive asset management and amenities strategy