| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 76th | Best |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 376 Juniper Ave, Carlsbad, CA, 92008, US |
| Region / Metro | Carlsbad |
| Year of Construction | 2000 |
| Units | 26 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
376 Juniper Ave, Carlsbad CA Multifamily Investment
Well-located 26-unit asset in Carlsbad in a neighborhood where a majority of housing units are renter-occupied supports a stable tenant base and pricing power, according to WDSuite s CRE market data. Neighborhood metrics referenced are for the surrounding area, not the property.
Positioned in Carlsbad s Urban Core, the property benefits from strong daily-life amenities. The neighborhood sits in the top quartile nationally for restaurants and grocery access, and ranks competitive among 621 San Diego metro neighborhoods for cafes a mix that tends to support leasing velocity and resident retention. Park access is especially notable, with neighborhood park density in the top percentile nationwide, a quality-of-life driver for coastal renters.
Relative to the metro, neighborhood-level rents track on the higher side (top decile nationally), reflecting a high-cost ownership market where elevated home values are common. For investors, that ownership landscape often sustains demand for multifamily units and can reinforce lease retention among tenants seeking more accessible rental options. Neighborhood statistics cited are for the area, not this property.
Multifamily fundamentals show mixed but investable signals. Neighborhood occupancy has been softer versus national norms recently, which may require active leasing management, while average NOI per unit benchmarks trend above national medians a positive indicator for operating performance. The share of housing units that are renter-occupied is above most U.S. neighborhoods, suggesting depth in the tenant pool and support for demand across cycles.
Within a 3-mile radius, demographics indicate a broadly stable population today with forecasts pointing to meaningful growth in both population and households over the next five years. A larger household base and rising incomes in the area translate into an expanding renter pool, which can support occupancy stability and measured rent growth. Vintage matters too: built in 2000, the asset is newer than the neighborhood s average construction year, which can enhance competitiveness versus older stock while still warranting periodic system upgrades and selective renovations over a hold.
Neighborhood safety trends are mixed. Compared with neighborhoods nationwide, overall crime indicators sit below average for safety, with violent and property offenses in lower national percentiles. However, recent data show a notable year-over-year improvement in property-related incidents, while violent offense trends have been comparatively flat. These readings are neighborhood-level and not specific to the property; investors should underwrite with standard operational precautions and monitor local trendlines.
Proximity to established employers underpins renter demand and commute convenience in this corridor. Nearby anchors include NRG Energy, Gilead Sciences, Qualcomm, Celgene, and Sysco a mix of energy, biotech, technology, and distribution roles that help support workforce housing dynamics.
- NRG Energy energy (2.4 miles)
- Gilead Sciences biotech (4.8 miles)
- Qualcomm technology (19.6 miles) HQ
- Celgene Corporation biotech (19.9 miles)
- Sysco food distribution (22.5 miles)
This 26-unit 2000-vintage asset offers exposure to a high-amenity coastal neighborhood where elevated ownership costs reinforce reliance on multifamily housing. Neighborhood-level rents sit in higher national percentiles, and the share of housing units that are renter-occupied is above most U.S. areas, indicating depth in the tenant base. According to CRE market data from WDSuite, neighborhood NOI per unit benchmarks are strong versus national norms, while occupancy has been comparatively softer suggesting operators who execute on marketing, renewals, and unit turns can still capture durable cash flow.
Forward demand is supported by 3-mile radius projections showing growth in population and households, expanding the renter pool over the next five years. Being newer than the area s average construction vintage can provide a competitive edge versus older buildings, with manageable modernization needs focused on systems and select interiors to meet renter expectations.
- Coastal, high-amenity location with strong parks, dining, and grocery access supporting leasing and retention
- Renter-occupied share is high at the neighborhood level, signaling depth of tenant demand
- 2000 construction provides relative competitiveness versus older local stock with targeted value-add potential
- 3-mile forecasts indicate increases in population and households, supporting occupancy stability over time
- Risks: softer neighborhood occupancy and elevated rent-to-income dynamics require disciplined leasing and renewal strategies