| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 76th | Best |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 375 Acacia Ave, Carlsbad, CA, 92008, US |
| Region / Metro | Carlsbad |
| Year of Construction | 1974 |
| Units | 32 |
| Transaction Date | --- |
| Transaction Price | $1,950,000 |
| Buyer | OWNERSHIP NAME INFORMATION |
| Seller | --- |
375 Acacia Ave, Carlsbad CA Multifamily Investment
Situated in an Urban Core pocket of Carlsbad with strong amenity density and a high-cost ownership market, this asset benefits from deep renter demand even as neighborhood occupancy trends should be monitored, according to WDSuite’s CRE market data.
Carlsbad’s Urban Core location offers lifestyle convenience that supports leasing: restaurants and cafes are dense for the metro and parks are a standout, with neighborhood amenities testing above national medians. Average school ratings sit modestly above the national midpoint, which can aid family retention, though they are not a primary draw for all renter cohorts.
The neighborhood ranks 92 out of 621 San Diego metro neighborhoods overall, making it competitive among San Diego neighborhoods and roughly top quartile nationally. Median home values in the area are elevated relative to national norms, reinforcing renter reliance on multifamily housing and supporting pricing power when managed thoughtfully.
Vintage matters for underwriting: built in 1973, the property is older than the neighborhood’s average vintage, pointing to near- and medium-term capital planning needs as well as potential value‑add and modernization upside to improve positioning against newer stock.
Tenure data indicates a high share of renter‑occupied housing units at the neighborhood level, which suggests a broad tenant base; however, neighborhood occupancy (measured for the neighborhood, not this property) trends below national norms, so investors should plan for disciplined leasing and renewal management.
Within a 3‑mile radius, demographics are stable to expanding: recent population levels were roughly flat, while households increased and are projected to grow meaningfully over the next five years, pointing to renter pool expansion. Rising household incomes alongside forecast rent growth support demand, though rent‑to‑income levels indicate potential affordability pressure that calls for careful rent setting and resident retention strategies.
Safety conditions should be underwritten conservatively. Compared with neighborhoods nationwide, this area sits below the national safety midpoint, and within the San Diego metro its crime ranking indicates weaker-than-average safety relative to peers. That said, recent data shows property offenses trending lower year over year, an encouraging shift to monitor over subsequent periods.
For investors, practical measures such as lighting, access control, and insurance diligence can help manage risk and support leasing and retention. Always evaluate micro‑location and recent trendlines rather than relying solely on historic statistics.
Nearby employers span energy, life sciences, and technology, supporting a diversified renter base and commute convenience for workforce and professional tenants. Notable employers include NRG Energy, Gilead Sciences, Qualcomm, and Celgene, with Qualcomm’s headquarters reachable within a broader commute shed.
- NRG Energy — energy (2.5 miles)
- Gilead Sciences — biotechnology (4.8 miles)
- Qualcomm — technology offices (19.3 miles)
- Qualcomm — technology (19.6 miles) — HQ
- Celgene Corporation — biopharma (20.0 miles)
This 32‑unit, 1973 vintage asset in Carlsbad’s Urban Core combines strong location fundamentals with clear value‑add angles. Elevated home values nearby sustain rental demand and help support pricing power, while a high share of renter‑occupied units at the neighborhood level points to depth in the tenant base. At the same time, neighborhood occupancy sits below national norms, so returns hinge on disciplined leasing, targeted upgrades, and resident retention. According to CRE market data from WDSuite, amenity access and income growth trajectories in the area underpin long‑term renter demand despite affordability pressures.
Three‑mile demographics indicate flat recent population but growth in households and a meaningful expansion forecast, which supports a larger renter pool. The property’s older vintage suggests capex and modernization planning can unlock operational gains versus newer comps, particularly given the area’s amenity density and diversified employment draw.
- High‑cost ownership market sustains multifamily demand and pricing power
- Amenity‑rich Urban Core location with strong parks, dining, and cafe access
- Value‑add potential from 1973 vintage via unit and system upgrades
- Household growth within 3 miles supports renter pool expansion and occupancy stability
- Risks: neighborhood safety below national average, affordability pressure, and softer neighborhood occupancy