| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Fair |
| Demographics | 81st | Best |
| Amenities | 13th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7600 Sitio Del Mar, Carlsbad, CA, 92009, US |
| Region / Metro | Carlsbad |
| Year of Construction | 2013 |
| Units | 58 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
7600 Sitio Del Mar, Carlsbad Multifamily Opportunity
Neighborhood occupancy is in the mid‑90% range, supporting leasing stability in Carlsbad’s inner suburbs, according to WDSuite’s CRE market data.
Located in Carlsbad’s inner suburb context, the area surrounding 7600 Sitio Del Mar shows solid livability drivers for family-oriented renters. Public schools rate at the top of the San Diego–Chula Vista–Carlsbad metro (ranked 1st of 621 neighborhoods) and are top tier nationally, a factor that can bolster retention for larger floor plans. The neighborhood’s construction skew is newer than much of the metro, and the 2013 vintage positions the asset competitively versus older stock while still planning for routine system updates over the hold.
From a demand standpoint, the neighborhood’s occupancy is above the national average (64th percentile nationwide) but sits below the metro median (rank 390 of 621), suggesting stable utilization with room for operational differentiation. Renter-occupied share within the immediate neighborhood is modest (17.9% of housing units), which can mean a thinner local renter base; however, within a 3‑mile radius the share of renter-occupied units is materially higher at roughly three in ten, broadening the pool for leasing.
Income and housing context supports multifamily demand durability. Median household income in the neighborhood is in the upper tier nationally (98th percentile), and home values are elevated relative to the country (also 98th percentile). In high-cost ownership markets like this, renting remains a practical option for many households, which can support pricing power and lease retention for well-positioned properties. The neighborhood rent-to-income ratio is around 0.20, indicating manageable affordability pressure that may aid renewal performance.
Amenity density ranks below the metro median (amenities rank 526 of 621), with limited café, grocery, and park counts within the neighborhood footprint; investors should expect residents to rely on destination retail nodes and regional corridors for daily needs. Even with lower immediate amenity density, strong schools and high household incomes remain key anchors for demand, based on commercial real estate analysis from WDSuite.
Safety indicators are mixed and should be evaluated in context. Relative to the San Diego–Chula Vista–Carlsbad metro, the neighborhood’s overall crime rank is 42 out of 621 neighborhoods, indicating higher reported incidents than many local peers. Nationally, however, the area tracks near the middle of the pack (around the 51st percentile), with recent data showing a significant year‑over‑year decline in estimated property offenses (improvement in the 84th percentile nationwide). Violent‑offense estimates sit somewhat below national safety norms (41st percentile). Continuous monitoring and property-level security practices can help mitigate risk.
Nearby corporate nodes in energy, biotech, and technology provide diverse employment bases that support commuter demand and leasing stability for workforce and professional households. The list below highlights notable employers within typical commuting distance.
- NRG Energy — energy (4.3 miles)
- Gilead Sciences — biotech (8.6 miles)
- Qualcomm — technology offices (13.6 miles) — HQ
- Celgene Corporation — biotech (14.2 miles)
- Sysco — foodservice distribution (15.7 miles)
Built in 2013, this 58‑unit asset is newer than the neighborhood’s 1980s‑era average, offering a competitive edge versus older product while still warranting routine capital planning over the hold. Occupancy in the surrounding neighborhood trends above national norms and, combined with top‑ranked schools and high household incomes, supports a case for durable demand and renewal retention. Elevated home values in Carlsbad reinforce reliance on multifamily housing for many households, which can underpin pricing power when operations are disciplined.
Within a 3‑mile radius, population and household metrics indicate a sizable base of family and professional renters, and median contract rents continue to grow from a high level. According to CRE market data from WDSuite, the neighborhood’s rent‑to‑income dynamics are compatible with sustained leasing, while lower immediate amenity density and mixed but improving safety trends suggest investors should emphasize asset‑level conveniences and proactive operations.
- 2013 vintage positions the property competitively versus older metro stock, with manageable modernization needs.
- Above‑average neighborhood occupancy and top‑tier schools support leasing stability and retention.
- High‑cost ownership environment sustains renter demand and potential pricing power for well‑run assets.
- Broader 3‑mile area provides a deeper renter pool than the immediate neighborhood’s tenure mix.
- Risks: lower amenity density and metro‑relative crime rank warrant enhanced property management and resident services.