| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 88th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 940 Shore Crest Rd, Carlsbad, CA, 92011, US |
| Region / Metro | Carlsbad |
| Year of Construction | 1987 |
| Units | 37 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
940 Shore Crest Rd Carlsbad Multifamily Opportunity
Positioned in an A+ Inner Suburb of the San Diego metro, the asset benefits from high-income households and a high-cost ownership market that supports renter demand, according to CRE market data from WDSuite. Neighborhood occupancy sits near the national mid-range, with strong schools and amenities helping underpin leasing durability.
The property sits in Carlsbad s coastal Inner Suburb with a neighborhood rating of A+ and a rank of 19 out of 621 metro neighborhoods competitive among San Diego submarkets. Amenity access trends strong: cafes, childcare, parks, pharmacies, and restaurants index in the upper national quartiles (typically ~75th to ~90th percentiles), supporting resident convenience and retention potential, based on WDSuite s CRE market data.
Schools are a notable strength. The neighborhood s average school rating is 5.0 out of 5, ranking 1st among 621 metro neighborhoods opportunities where families prioritize education can translate to steadier tenancy and reduced turnover risk.
Renter-occupied share is in the low 40s, indicating a meaningful base of multifamily demand while still leaving room for household formation to flow into rental housing. Median household incomes rank in the upper national percentiles, and the rent-to-income ratio trends below many coastal peers factors that can help manage affordability pressure and support lease retention.
Within a 3-mile radius, demographics show a largely stable population with a slight increase in households projected over the next five years even as average household size trends lower. That combination points to a broader tenant base over time and can help support occupancy stability. Elevated home values relative to income signal a high-cost ownership market, which tends to reinforce reliance on multifamily housing rather than compete directly with it.
Neighborhood occupancy is around the national mid-range, while net operating income per unit tracks above many locations nationally. Together with amenity depth and top-tier schools, these elements contribute to balanced, investor-relevant fundamentals rather than cyclical outliers.
Safety indicators in this Carlsbad neighborhood are mixed relative to national benchmarks. Compared with neighborhoods nationwide, violent incident measures sit below the national median, while property offenses land closer to the middle. Within the San Diego metro (621 neighborhoods), the area does not rank among the safest cohorts, but recent data shows meaningful year-over-year improvement in property crime, suggesting a constructive trend to monitor rather than a structural weakness.
For investors, the takeaway is comparative and directional: current conditions are broadly consistent with national mid-range profiles, and recent momentum in property-offense reductions supports a cautiously positive outlook. Ongoing monitoring remains prudent as part of standard asset and neighborhood risk management.
Nearby employers span energy, biotech, and technology, supporting a diversified white-collar tenant base and commute convenience that can bolster leasing stability. The list below highlights proximate employers most relevant to renter demand in this submarket.
- NRG Energy energy (0.5 miles)
- Gilead Sciences biotech (6.3 miles)
- Qualcomm wireless & semiconductors (16.7 miles) HQ
- Celgene Corporation biotech (17.1 miles)
- Sempra Energy utilities (28.9 miles) HQ
940 Shore Crest Rd offers exposure to a high-income, amenity-rich Carlsbad neighborhood with top-ranked schools and a renter base supported by a high-cost ownership market. Neighborhood occupancy sits around the national mid-range, but demand depth is reinforced by elevated household incomes and competitive amenity access, according to WDSuite s commercial real estate analysis.
Built in 1987, the asset is slightly newer than the neighborhood average vintage (early 1980s), suggesting relative competitiveness versus older stock. Investors should still plan for selective system upgrades or modernization to maintain positioning against newer deliveries. Within a 3-mile radius, projections point to more households even as average household size trends lower a setup that can expand the tenant pool and support occupancy over the long term.
- High-income tenant base and top-ranked schools support demand and retention
- High-cost ownership market reinforces reliance on multifamily housing
- 1987 vintage offers relative competitiveness with potential value-add via targeted upgrades
- Amenity depth and diversified employer base underpin leasing durability
- Risks: safety metrics sit near national mid-range and should be monitored alongside any shifts in household or population trends