| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 75th | Good |
| Amenities | 55th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 6480 El Camino Real, Carlsbad, CA, 92009, US |
| Region / Metro | Carlsbad |
| Year of Construction | 2007 |
| Units | 56 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
6480 El Camino Real, Carlsbad Multifamily Investment
Neighborhood occupancy remains strong and supported by high-income households and top-tier schools, according to WDSuite’s CRE market data, suggesting durable renter demand around the asset. These signals reflect the neighborhood, not the property’s own occupancy.
Rated A and ranked 70th among 621 San Diego–Chula Vista–Carlsbad neighborhoods, the area sits in the top quartile locally, indicating competitive fundamentals for multifamily. Restaurants and grocery access track in the 80th-plus national percentiles, while cafes are also strong; childcare is comparatively limited, which can matter for certain renter profiles.
Schools perform at the top of national benchmarks (average rating near the 100th percentile), a factor that can aid retention for family-oriented renters. Neighborhood occupancy runs high (about 96% for the neighborhood), positioning operators for steadier leasing conditions versus weaker submarkets.
Home values sit near the top of national distributions, creating a high-cost ownership market that tends to sustain multifamily reliance and pricing power. Median contract rents in the neighborhood are likewise elevated versus most U.S. areas, though investors should calibrate positioning and finish levels to the local income mix.
Within a 3-mile radius, incomes skew high and have risen over recent years, supporting spend capacity. Projections show household counts increasing even as population edges lower, implying smaller average household sizes and a broader base of individual households; for multifamily, this can translate to a larger tenant base and sustained demand, though product-market fit will matter as ownership options remain competitive.
The property’s 2007 vintage is newer than the neighborhood’s average construction year (1998). That positioning can be competitive against older stock, while capex planning should still account for mid-life building systems and targeted modernization to command premium rents.
Safety indicators for the neighborhood benchmark around the national middle, based on WDSuite’s CRE market data. While certain measures, including violent and property offenses, trail higher-percentile (safer) peers nationwide, the area has shown a notable year-over-year improvement in property offenses, suggesting recent momentum in the right direction.
Within the San Diego–Chula Vista–Carlsbad metro (621 neighborhoods), safety performance varies widely by micro-area; this neighborhood’s mix is competitive in some categories and average in others. Investors should underwrite with standard operating assumptions (lighting, access control, and community oversight) and track the improving trend as part of ongoing asset management.
The immediate area draws on a diversified employment base across energy, life sciences, and technology, supporting commuter convenience and leasing stability for workforce and professional renters. The list below highlights nearby employers that anchor demand in the submarket.
- NRG Energy — energy services (2.7 miles)
- Gilead Sciences — biotechnology (6.7 miles)
- Qualcomm — wireless & semiconductors (15.5 miles) — HQ
- Celgene Corporation — biotechnology (16.1 miles)
- Sempra Energy — utilities & infrastructure (27.9 miles) — HQ
6480 El Camino Real is positioned in a top-quartile Carlsbad neighborhood with strong school performance, elevated household incomes, and high neighborhood occupancy, supporting stable multifamily demand. According to commercial real estate analysis from WDSuite, the surrounding ownership market is high-cost, which tends to reinforce renter reliance on well-located, quality apartment product.
Built in 2007, the asset is newer than much of the area’s housing stock, offering competitive positioning versus older properties while still benefiting from targeted renovations or system upgrades to enhance rentability. Within a 3-mile radius, household counts are projected to expand even if population trends modestly softer, indicating a broader tenant base over time and potential support for occupancy stability.
- Top-quartile neighborhood in the San Diego metro with strong amenity access and school quality
- High neighborhood occupancy and high-income renter pool support leasing durability
- 2007 vintage offers competitive positioning with value-add potential via selective upgrades
- High-cost ownership market underpins multifamily demand and pricing power
- Risks: childcare access is thinner, renter concentration is moderate, and safety metrics benchmark around the national middle—underwrite operations and positioning accordingly