| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 88th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 900 Shore Crest Rd, Carlsbad, CA, 92011, US |
| Region / Metro | Carlsbad |
| Year of Construction | 1987 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
900 Shore Crest Rd Carlsbad Multifamily Investment
This 20-unit property sits in a top-quartile Carlsbad neighborhood with $2,895 median rents and exceptional school ratings, according to CRE market data from WDSuite.
This Carlsbad property occupies an A+ rated neighborhood ranking 19th among 621 metro neighborhoods, placing it in the top quartile nationally across multiple investment metrics. The area demonstrates strong fundamentals with median household income of $171,445 and home values exceeding $1.1 million, reinforcing rental demand as elevated ownership costs sustain renter reliance on multifamily housing.
Demographics within a 3-mile radius show 35% of housing units are renter-occupied, with median contract rents of $2,617 rising 30% over five years. The neighborhood maintains 92% occupancy rates and benefits from exceptional school ratings averaging 5.0 out of 5.0, ranking first nationally among comparable areas. This educational quality supports tenant retention and attracts stable renter demographics.
The 1987 construction year aligns with neighborhood averages, suggesting consistent building stock without immediate capital expenditure pressures. Amenity density includes above-average access to childcare, cafes, and parks, with restaurant and retail options supporting tenant appeal. Five-year projections indicate household growth of 32% and median income increases to nearly $199,000, expanding the qualified renter pool for multifamily properties.
Property crime rates in this neighborhood rank 53rd among 621 metro neighborhoods, placing it above the metro median with improving trends. The estimated property offense rate of 411 per 100,000 residents declined 48% over the past year, indicating strengthening security conditions that support tenant retention.
Violent crime rates remain moderate at 149 incidents per 100,000 residents, though this metric increased 54% year-over-year. Overall crime patterns suggest a stable residential environment typical of established suburban multifamily markets, with property crime trends moving in a favorable direction for investor consideration.
The Carlsbad area benefits from proximity to major corporate employers spanning energy, biotechnology, and telecommunications sectors, providing diverse workforce housing demand.
- NRG Energy — energy services (0.6 miles)
- Gilead Sciences — biotechnology (6.3 miles)
- Qualcomm — telecommunications technology (16.3 miles)
- Qualcomm — telecommunications technology (16.6 miles) — HQ
- Celgene Corporation — pharmaceutical services (17.0 miles)
This 20-unit property built in 1987 offers exposure to Carlsbad's premium rental market, where neighborhood-level occupancy of 92% and median rents of $2,895 reflect strong fundamentals. The area's A+ rating stems from top-quartile demographics, with household incomes of $171,445 and home values exceeding $1.1 million that sustain rental demand by keeping ownership costs elevated.
Demographic projections within a 3-mile radius show household growth of 32% and income increases to $199,000 by 2028, expanding the qualified renter pool. The property's 1987 vintage aligns with neighborhood norms, suggesting manageable capital planning without immediate renovation pressures, while exceptional school ratings ranking first nationally support tenant retention and lease stability.
- Top-quartile neighborhood with A+ rating and strong occupancy fundamentals
- High home values reinforce rental demand by sustaining renter reliance
- Projected household growth of 32% expands qualified tenant base
- Proximity to major employers including Qualcomm headquarters
- Risk: Violent crime increased 54% year-over-year requiring monitoring