| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 88th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 960 Beach Crest Ct, Carlsbad, CA, 92011, US |
| Region / Metro | Carlsbad |
| Year of Construction | 1987 |
| Units | 31 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
960 Beach Crest Ct Carlsbad Multifamily Opportunity
High-cost home values and stable neighborhood occupancy point to durable renter demand, according to CRE market data from WDSuite. Investors should view this asset as positioned for steady leasing fundamentals supported by strong schools and nearby employers.
Situated in Carlsbad’s inner suburban fabric, the property benefits from neighborhood fundamentals that rank A+ overall (19th among 621 metro neighborhoods), signaling competitive positioning within the San Diego market. Amenity access sits in the top quartile nationally, with everyday needs like groceries, pharmacies, parks, and dining available at convenient distances, supporting day-to-day livability that helps retention.
Schools are a notable strength: the neighborhood’s average school rating is at the top of the metro (ranked 1 of 621) and in the top national percentile, a factor that often underpins leasing stability for family-oriented units. Cafes and childcare density also score in higher national percentiles, reinforcing lifestyle convenience that can sustain demand.
The property’s 1987 vintage is slightly newer than the area’s average construction year (1983). That relative edge can aid competitive positioning versus older stock, while still allowing room for targeted modernization of aging systems or unit finishes to capture value-add upside.
Renter concentration is meaningful at the neighborhood level (about 43% of housing units are renter-occupied), indicating depth in the tenant base for multifamily. Within a 3-mile radius, demographics show a broadly stable population and an expected increase in household counts alongside smaller average household sizes over the next five years. For investors, more—but smaller—households can translate into a larger renter pool and support for occupancy and lease-up.
Elevated home values relative to incomes mark this as a high-cost ownership market, which typically reinforces reliance on multifamily options. At the same time, a moderate rent-to-income profile suggests manageable affordability pressure, supporting lease retention and measured pricing power. NOI per unit trends score in strong national percentiles, indicating income performance that is competitive relative to peer neighborhoods, based on CRE market data from WDSuite.
Safety indicators are mixed when viewed in context. The neighborhood’s crime rank places it above the metro average for crime exposure (97 of 621), and national comparisons sit below the median. However, recent trends show meaningful improvement in property offenses, with one-year declines that are strong relative to national peers. Investors should underwrite prudent security measures and tenant communication while recognizing the improving trajectory.
Proximity to a diverse employment base supports renter demand and commute convenience, led by energy, biotech, and technology employers noted below.
- NRG Energy — energy (0.6 miles)
- Gilead Sciences — biotech (6.3 miles)
- Qualcomm — wireless & semiconductors (16.7 miles) — HQ
- Celgene Corporation — biotech (17.1 miles)
- Sysco — food distribution (19.6 miles)
This 31‑unit asset in Carlsbad aligns with renter demand drivers seen in high-cost ownership markets: elevated home values support reliance on multifamily housing, while neighborhood occupancy around the low‑90s indicates steady absorption. According to CRE market data from WDSuite, the area’s amenities and top-ranked schools bolster retention and leasing depth, and income performance benchmarks compare favorably to national peers.
With a 1987 vintage, the property is slightly newer than the neighborhood average yet old enough to benefit from focused renovations and systems upgrades—an avenue to enhance rent positioning without competing solely on price. Nearby employers in energy, biotech, and technology add a diverse economic base, and 3‑mile radius demographics point to more households over time, which can expand the renter pool even if average household sizes trend smaller.
- High-cost ownership market supports durable multifamily demand and retention
- Neighborhood occupancy in the low‑90s with strong schools and amenities aiding stability
- 1987 vintage offers value‑add potential through targeted modernization
- Access to diversified employers (energy, biotech, technology) supports leasing
- Risk: Safety metrics sit below national medians—underwrite appropriate security and tenant engagement