| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 79th | Good |
| Demographics | 74th | Good |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5142 Whitman Way, Carlsbad, CA, 92008, US |
| Region / Metro | Carlsbad |
| Year of Construction | 2004 |
| Units | 74 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5142 Whitman Way, Carlsbad CA Multifamily Thesis
Positioned in a high-income North County submarket, the area exhibits durable renter demand and strong pricing power, according to CRE market data from WDSuite.
Carlsbad s neighborhood context scores well for investors, with the area rated A- and competitive among San Diego-Chula Vista-Carlsbad neighborhoods. Dining and cafe density trend in the top quartile nationally, while parks access is also strong; grocery options are steady though pharmacies are less concentrated nearby. These are neighborhood-level dynamics, not property-level amenities.
Median home values in the neighborhood are elevated relative to national norms, which tends to sustain reliance on rental housing and supports pricing resilience for professionally managed assets. At the same time, the neighborhood s rent-to-income indicators suggest room for disciplined revenue management without overextending households, aiding retention.
The building s 2004 vintage is newer than the neighborhood s average construction year, positioning it favorably versus older stock; investors should still plan for mid-life system refreshes and selective modernization to stay competitive. Renter-occupied share at the neighborhood level is roughly one-third, indicating a solid but owner-tilted housing base that can underpin stable multifamily demand without excessive turnover.
Within a 3-mile radius, population and households have grown in recent years and are projected to increase further by 2028, expanding the potential tenant base. Higher educational attainment and strong household incomes versus national benchmarks reinforce underwriting for quality assets, based on commercial real estate analysis from WDSuite s CRE market data.
Neighborhood safety compares below the national median on recent measures, but year-over-year trends point to improvement with declines in both property and violent offense rates. These figures are reported at the neighborhood level within the San Diego-Chula Vista-Carlsbad metro and should be interpreted directionally rather than as block-level risk.
For investors, the key consideration is that safety metrics have been improving, which can support leasing velocity and retention if the trend persists. Operators may still prioritize lighting, access controls, and resident engagement to align with best practices.
Nearby corporate offices create a broad professional employment base that supports renter demand and commute convenience, notably from Nrg Energy, Gilead Sciences, Qualcomm, Celgene Corporation, and Sempra Energy.
- Nrg Energy corporate offices (1.2 miles)
- Gilead Sciences corporate offices (4.6 miles)
- Qualcomm corporate offices (18.0 miles) HQ
- Celgene Corporation corporate offices (18.5 miles)
- Sempra Energy corporate offices (30.2 miles) HQ
5142 Whitman Way offers scale at 74 units with floor plans near 1,000 square feet on average, serving a high-income North County renter base. The 2004 vintage is newer than the area s average construction year, supporting competitive positioning versus older stock while leaving room for targeted value-add through unit updates and system modernization. Neighborhood occupancy and tenure data indicate an owner-leaning area with a meaningful renter pool, and elevated home values tend to reinforce multifamily demand.
Population and households within a 3-mile radius have grown and are projected to expand further by 2028, implying a larger tenant base and support for occupancy stability; according to CRE market data from WDSuite, dining and park access rank well nationally, enhancing lifestyle appeal that can aid leasing. Safety metrics trail national medians but show year-over-year improvement, suggesting manageable risk with prudent operations.
- 74-unit scale with larger floor plans supports leasing efficiency and tenant retention
- 2004 construction offers competitive positioning and targeted value-add potential
- High-cost ownership market sustains renter reliance and pricing durability
- 3-mile population and household growth underpins a larger tenant base
- Risk: Neighborhood safety is below national medians; trends are improving but warrant active management