| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 88th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 900 Wind Drift Dr, Carlsbad, CA, 92011, US |
| Region / Metro | Carlsbad |
| Year of Construction | 1987 |
| Units | 27 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
900 Wind Drift Dr Carlsbad CA Multifamily Investment
Positioned in a high-income, coastal inner suburb where elevated home values sustain consistent renter demand, according to WDSuite’s CRE market data. Neighborhood occupancy trends are steady and schools rank at the top of the metro, supporting long-term leasing fundamentals.
Carlsbad’s 900 Wind Drift Dr sits in an Inner Suburb neighborhood rated A+ (ranked 19 out of 621 metro neighborhoods), signaling strong location fundamentals for multifamily. Amenities are competitive with top quartile nationally access to everyday needs (amenity strength 79th percentile), and average construction year skews slightly older than the subject’s 1987 vintage, creating a relative competitive edge for updated finishes and systems.
Schools stand out: the neighborhood’s average school rating ranks 1 out of 621 (100th percentile nationally), a differentiator that can aid retention for family renters and support stable occupancy. Dining, grocery, parks, pharmacies, and cafes all index above national midpoints, offering the lifestyle convenience many renters prioritize.
Renter-occupied share is 42.6% of housing units (82nd percentile nationally), indicating a deep renter base that supports multifamily demand. Neighborhood occupancy is 92.4% (56th percentile nationally) with only a slight five‑year movement, suggesting generally steady leasing conditions relative to national patterns. In a high-cost ownership market (median home values in the 98th national percentile), rental housing often sees durable demand from households that value flexibility and proximity to jobs and schools—an important context for commercial real estate analysis.
Within a 3‑mile radius, demographics show a broadly stable population and small changes in household counts, with projections indicating modest population contraction but a notable increase in households and smaller average household sizes over the next five years. For investors, that shift typically expands the pool of potential renters, supporting occupancy stability even as household composition evolves.
Safety indicators are mixed. The neighborhood’s crime rank sits closer to the higher-crime side within the San Diego–Chula Vista–Carlsbad metro (rank 97 of 621, where lower ranks indicate more crime), while national comparisons place the area near the middle for property offenses (41st percentile) and below average for violent offenses (25th percentile). Recent trend data show a strong one‑year decline in estimated property offense rates (87th percentile for improvement nationally), which, if sustained, would be constructive for renter sentiment.
As with any submarket, conditions can vary by block and over time. Investors should view these metrics as neighborhood‑level context rather than property‑specific guarantees and monitor ongoing trends when underwriting.
The location draws from a diversified employment base spanning energy, life sciences, and technology, supporting commuter convenience and a stable pool of renters. Notable nearby employers include NRG Energy, Gilead Sciences, Qualcomm, Celgene, and Sempra Energy.
- NRG Energy — energy services (0.6 miles)
- Gilead Sciences — biopharma (6.3 miles)
- Qualcomm — semiconductor & wireless (16.6 miles) — HQ
- Celgene Corporation — biopharma (17.0 miles)
- Sempra Energy — utilities & infrastructure (28.8 miles) — HQ
This 27‑unit asset, built in 1987, benefits from top‑ranked schools (1 of 621 metro neighborhoods) and a deep renter base in a high‑income coastal node. The vintage is slightly newer than the neighborhood average, offering relative competitiveness versus older stock; at the same time, investors should plan for routine modernization of building systems typical for assets of this era. Based on CRE market data from WDSuite, neighborhood occupancy trends sit near national midpoints while home values rank among the highest nationally—conditions that tend to reinforce reliance on rental housing and support lease retention.
Within a 3‑mile radius, long‑run projections indicate more households and smaller household sizes, which typically enlarge the tenant pool and help stabilize occupancy. Access to diversified employers in energy, life sciences, and technology further supports leasing durability, while crime signals warrant ongoing monitoring during hold.
- High‑income coastal location with top‑of‑metro schools supports retention and consistent renter demand
- 1987 vintage is competitive versus older neighborhood stock; plan for targeted capex to modernize systems
- Home values in a high‑cost ownership market underpin multifamily demand and pricing power
- Diverse nearby employers (energy, life sciences, technology) support leasing stability and depth of tenant base
- Risks: mixed safety signals and flat-to-declining population outlook warrant conservative underwriting and ongoing monitoring