| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 79th | Best |
| Amenities | 38th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7504 Gibraltar St, Carlsbad, CA, 92009, US |
| Region / Metro | Carlsbad |
| Year of Construction | 1986 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7504 Gibraltar Street Carlsbad Multifamily Investment
This 24-unit property benefits from Carlsbad's high-income demographics and stable rental demand. The neighborhood maintains 97.3% occupancy and ranks in the top 15% nationally for demographics, according to CRE market data from WDSuite.
This Carlsbad neighborhood demonstrates strong multifamily fundamentals, ranking 179th among 621 San Diego metro neighborhoods with a B+ rating. The area maintains 97.3% occupancy, reflecting robust tenant retention and limited vacancy pressure. Median household income reaches $188,594 within the immediate neighborhood, ranking in the 98th percentile nationally and supporting tenant quality and lease stability.
Demographics within a 3-mile radius show 78,263 residents with a median household income of $163,049, positioning 38.4% of households above $200,000 annually. The area maintains 28.2% renter-occupied units, providing a stable tenant base for multifamily properties. Five-year projections indicate household growth of 27.6%, expanding the potential renter pool and supporting long-term occupancy fundamentals.
Built in 1986, this property aligns with the neighborhood's average construction year of 1982, suggesting consistent building stock and potential value-add opportunities through targeted renovations. The area offers adequate grocery access with 1.76 stores per square mile and childcare facilities ranking in the 80th percentile nationally, supporting tenant retention among families.
Median contract rents of $3,252 rank 42nd among metro neighborhoods, reflecting premium pricing power while maintaining a reasonable rent-to-income ratio of 21%. Home values averaging $1.15 million reinforce rental demand, as elevated ownership costs keep households in the multifamily market longer than in lower-cost submarkets.
Safety metrics show mixed trends requiring investor consideration. Property crime rates of 358 incidents per 100,000 residents rank 39th among 621 metro neighborhoods, placing the area in the 44th percentile nationally. However, recent trends show improvement with property crime declining 36.3% year-over-year, ranking in the 79th percentile for crime reduction.
Violent crime remains relatively contained at 50 incidents per 100,000 residents, ranking 20th in the metro and 43rd percentile nationally. Similar to property crime, violent incidents decreased 32.1% over the past year, suggesting improving conditions that could support tenant retention and property values over time.
The surrounding employment base includes major corporate anchors within reasonable commuting distance, supporting workforce housing demand and tenant stability.
- NRG Energy — energy services (4.9 miles)
- Gilead Sciences — biotechnology (8.8 miles)
- Qualcomm — telecommunications technology (13.5 miles) — HQ
- Celgene Corporation — pharmaceutical (14.1 miles)
- Sysco — food distribution (15.3 miles)
This 24-unit Carlsbad property offers exposure to one of San Diego County's most affluent submarkets, with neighborhood demographics ranking in the 98th percentile nationally. The 97.3% occupancy rate demonstrates tenant retention strength, while projected household growth of 27.6% over five years supports expanding rental demand. Built in 1986, the property presents value-add potential through strategic renovations to capture higher rents in a market where median contract rents exceed $3,200.
High home values averaging $1.15 million reinforce rental demand by keeping potential buyers in the multifamily market longer. The rent-to-income ratio of 21% indicates manageable affordability for the high-income tenant base, supporting lease renewals and minimizing turnover costs. According to multifamily property research from WDSuite, the combination of stable occupancy, demographic strength, and proximity to major employers creates favorable fundamentals for long-term hold strategies.
- High-income demographics with 38.4% of households earning above $200,000 annually
- Strong occupancy fundamentals at 97.3% neighborhood-level performance
- Projected household growth of 27.6% expanding potential tenant base
- Value-add potential through renovations to 1986 vintage property
- Risk consideration: Mixed safety metrics require ongoing monitoring and potential security investments