| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 87th | Best |
| Demographics | 68th | Good |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 5410 Sunny Creek Rd, Carlsbad, CA, 92010, US |
| Region / Metro | Carlsbad |
| Year of Construction | 2003 |
| Units | 50 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
5410 Sunny Creek Rd Carlsbad Multifamily Investment
Neighborhood occupancy is near 98%, suggesting durable leasing conditions supported by stable demand, according to WDSuite’s CRE market data. For investors, this points to income resilience in a high-cost ownership market that tends to favor well-located rentals.
The property sits in a suburban Carlsbad neighborhood rated A and ranked 51 out of 621 metro neighborhoods, indicating competitive fundamentals within the San Diego–Chula Vista–Carlsbad region. Amenity access is solid for renters, with restaurants, parks, and daily-needs retail scoring in the upper national percentiles, supporting livability and retention.
Neighborhood occupancy is 97.9% (top decile nationally and competitive among San Diego metro peers at rank 144 of 621), which typically supports stable cash flow and measured rent growth. Median asking rents in the area benchmark high versus national peers, and NOI per unit trends also sit in the upper national percentiles, according to WDSuite’s CRE market data, underscoring depth of demand.
Construction year averages indicate a late-1990s/early-2000s vintage locally; the subject’s 2003 build is somewhat newer than the neighborhood average (1999). That positioning can reduce near-term capital needs versus older stock while still offering value-add potential through targeted interior upgrades and modernization over the hold period.
Renter concentration is in the upper-30% range locally (37.1% renter-occupied), signaling a meaningful tenant base without oversaturation. Within a 3-mile radius, population and households have grown in recent years, and projections call for additional population growth with a sizable increase in households. This pattern implies a larger tenant base and supports occupancy stability for well-managed assets.
Home values rank in the upper national percentiles and the value-to-income ratio is elevated, placing the area in a high-cost ownership market. For multifamily, that context often sustains rental demand and can support pricing power, while the neighborhood’s rent-to-income ratio near 0.26 suggests manageable affordability pressure that can aid retention and limit turnover risk.
Schools in the area average around mid-range scores nationally, and amenities such as groceries, pharmacies, parks, and cafes index above national medians. Taken together, these factors reflect a family-friendly suburban setting that tends to support leasing stability for a 50-unit community catering to working professionals and families.
Safety indicators are mixed when viewed against broader benchmarks. The neighborhood’s crime rank is 429 out of 621 metro neighborhoods, which is below the metro median. Nationally, safety percentiles trend below the median as well, placing the area in lower percentiles compared with neighborhoods across the country.
Property offense rates benchmark low on a national percentile basis but have improved recently, with a one-year decrease that outperformed many areas nationwide. Violent offense metrics, however, sit in low national percentiles and have shown a recent uptick. Investors should underwrite appropriate security measures and insurance assumptions while noting that trends can vary by micro-location and property operations.
Proximity to established employers supports a stable renter base seeking commute convenience, notably in energy, biotech, and wireless technology. The nearby footprint includes NRG Energy, Gilead Sciences, Qualcomm, Celgene, and Sysco.
- NRG Energy — energy (2.4 miles)
- Gilead Sciences — biotech/pharma (4.4 miles)
- Qualcomm — semiconductors & wireless (17.8 miles) — HQ
- Celgene Corporation — biotech/pharma (18.4 miles)
- Sysco — food distribution (19.5 miles)
This 50-unit, 2003-vintage asset is positioned slightly newer than the neighborhood’s late-1990s average, offering relative competitiveness versus older stock with potential to capture additional yield through targeted renovations. Neighborhood occupancy is near 98% and ranks competitive within the San Diego metro, which, according to CRE market data from WDSuite, supports income durability and steady absorption.
Within a 3-mile radius, recent population and household growth, coupled with projections for further increases in households, point to a larger tenant base over time. High home values and elevated value-to-income ratios characterize a high-cost ownership market that tends to sustain multifamily demand, while a rent-to-income profile around 0.26 indicates manageable affordability pressure that can aid retention and lease stability. Investors should weigh these strengths against local safety metrics that lag national percentiles, underwriting prudent operating practices.
- Late-vintage (2003) relative to local stock supports competitive positioning with selective value-add potential
- Neighborhood occupancy near 98% underpins leasing stability and cash flow consistency
- 3-mile population and household growth expand the tenant base and support demand
- High-cost ownership market sustains rental demand; rent-to-income profile supports retention
- Risk: Safety indicators lag national percentiles; underwrite security and insurance conservatively