| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 76th | Best |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 3642 Village Cir, Carlsbad, CA, 92008, US |
| Region / Metro | Carlsbad |
| Year of Construction | 2000 |
| Units | 98 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
3642 Village Cir, Carlsbad Multifamily Opportunity
Amenity depth and a high-cost ownership market point to durable renter demand in this Carlsbad neighborhood, according to WDSuite’s CRE market data.
The property sits in an Urban Core pocket of Carlsbad within the San Diego-Chula Vista-Carlsbad metro that ranks 152 out of 621 metro neighborhoods for overall amenities — a top quartile position locally. Restaurant and cafe density trends are strong compared to neighborhoods nationwide, while grocery access also tracks ahead of national norms. Parks per square mile are exceptionally high, offering daily-life convenience that supports resident retention and leasing.
Construction in the immediate area averages late-1980s, and this asset’s 2000 vintage is newer than the neighborhood norm. That positioning typically improves competitive appeal versus older stock while still warranting selective system upgrades or common-area refreshes for modernization.
Within a 3-mile radius, demographics indicate a stable to expanding renter pool: recent population and household counts have been rising, and forecasts point to additional growth through the mid-term. This supports depth of tenant demand and occupancy stability for a 98-unit community, particularly when combined with neighborhood renter-occupied share that is elevated for the metro, signaling a sizable base of multifamily users.
Home values in the neighborhood are elevated relative to national benchmarks, and the value-to-income relationship sits near the upper end nationally. For investors, a high-cost ownership market tends to sustain reliance on multifamily housing, reinforcing pricing power and lease-up velocity, though rent-to-income levels in the area suggest monitoring affordability pressure as part of revenue management. Average school ratings are around the metro mid-range, and neighborhood housing metrics are above national medians, aligning with stable long-run fundamentals based on CRE market data from WDSuite.
Neighborhood safety compares as competitive among San Diego-Chula Vista-Carlsbad neighborhoods (186 out of 621), while national comparisons are mixed: violent and property offense rates sit below national safety percentiles, but recent data shows a meaningful improvement in property-related incidents over the last year. For investors, the directional trend is constructive, though ongoing monitoring remains prudent when underwriting retention and operating risk.
Nearby employers span energy, biotech, and technology, providing diversified job drivers that support renter demand and commute convenience for workforce tenants. The list below highlights key nodes likely to influence leasing stability.
- NRG Energy — energy services (2.5 miles)
- Gilead Sciences — biotechnology (4.7 miles)
- Qualcomm — semiconductors & telecom (19.6 miles) — HQ
- Celgene Corporation — biotechnology (20.0 miles)
- Sysco — food distribution (22.5 miles)
Built in 2000 with 98 units, the asset is newer than the neighborhood’s late-1980s average, offering relative competitiveness versus older local stock with potential to capture incremental value via targeted upgrades. Amenity depth (food, grocery, and parks) is strong, and within a 3-mile radius, population and household growth projections suggest a larger tenant base ahead — a constructive backdrop for occupancy and rent performance. Elevated home values indicate a high-cost ownership market that typically reinforces multifamily demand; however, rent-to-income levels call for attentive lease management to sustain retention.
At the neighborhood level, per-unit NOI performance trends rank well nationally, signaling operational potential, while local occupancy has trailed broader benchmarks, implying the need for focused leasing and marketing. These dynamics, taken together and attributed to trends observed in WDSuite’s commercial real estate analysis, frame a balanced, execution-driven thesis centered on demand depth, asset positioning, and disciplined operations.
- 2000 vintage newer than area average, supporting competitive positioning with selective modernization upside
- Strong amenity access and projected 3-mile household growth support tenant base expansion and leasing
- High-cost ownership market reinforces multifamily demand and pricing power potential
- Neighborhood NOI per unit trends compare well nationally, indicating operating potential
- Risks: local occupancy lags broader benchmarks and rent-to-income pressure requires careful revenue management