| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 89th | Best |
| Amenities | 62nd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13850 Mango Dr, Del Mar, CA, 92014, US |
| Region / Metro | Del Mar |
| Year of Construction | 2000 |
| Units | 38 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
13850 Mango Dr, Del Mar Multifamily Investment
High-income coastal fundamentals and elevated ownership costs support steady renter demand; according to WDSuite's CRE market data, neighborhood occupancy has remained resilient relative to broader metro trends.
Situated in suburban Del Mar within the San Diego-Chula Vista-Carlsbad metro, the neighborhood rates A- (ranked 99 among 621 metro neighborhoods), signaling strong location fundamentals for a 38-unit asset. Schools score at the top of the metro, and the renter base is supported by high household incomes and professional employment centers nearby, per WDSuite's CRE market data.
Daily needs are well served by grocery and pharmacy access (both above national averages) and a solid restaurant presence, while cafes and formal park acreage are thinner immediately nearby. For investors, this mix supports convenience-driven retention even if lifestyle amenities may rely on short drives to neighboring corridors.
Neighborhood rents are among the highest nationally, yet rent-to-income indicators are relatively favorable for a high-cost ownership market with elevated home values. That combination underpins lease stability and measured pricing power. The neighborhood's renter-occupied share is modest (about a quarter of housing units), but within a 3-mile radius it trends higher (roughly a third), indicating a broader catchment of prospective tenants and a deeper leasing funnel for multifamily.
Demographic statistics are aggregated within a 3-mile radius. Recent years show softness in population and household counts, but forward-looking projections point to growth in both population and households by the next five-year horizon. For investors, that implies a larger tenant base over time, supporting occupancy stability and leasing velocity if new supply remains measured.
The property's 2000 construction is newer than the neighborhood's average vintage (1970s), offering competitive positioning versus older stock. Investors should still expect targeted modernization and systems updates during hold to maintain rentability against newer deliveries.
Compared with neighborhoods nationwide, safety metrics for this area are below the national average, while within the San Diego metro they track closer to the middle of the pack. For underwriting, that suggests standard security and lighting measures are prudent to support resident comfort and retention.
Recent trend data indicates property offenses have declined year over year, while violent offense indicators have increased. Monitoring quarterly trends and aligning onsite practices with evolving patterns can help manage risk without overreliance on any single data point.
Nearby corporate demand drivers include multiple Qualcomm campuses, Celgene, and L-3 Telemetry & RF Products. Their proximity supports commuter convenience and helps sustain a professional renter base with strong incomes.
- Qualcomm — wireless technology (4.4 miles)
- Qualcomm — wireless technology (4.5 miles)
- Qualcomm — wireless technology (4.7 miles) — HQ
- Celgene Corporation — biotech (4.9 miles)
- L-3 Telemetry & RF Products — defense & aerospace (10.9 miles)
13850 Mango Dr pairs coastal San Diego location quality with a 2000 vintage that competes well against older neighborhood stock. High incomes, elevated home values, and top-tier schools indicate durable renter demand and lease retention, while neighborhood occupancy has remained solid according to CRE market data from WDSuite. Within a 3-mile radius, projections show growth in both population and households over the next five years, expanding the tenant base and supporting long-term stabilization.
Rents are among the highest nationally, yet rent-to-income levels suggest room for disciplined pricing without overextending residents. The neighborhood's renter concentration is lower than many urban cores, but the broader 3-mile catchment helps deepen the prospect pool. As a 2000 build, the asset should benefit from selective upgrades to remain competitive against newer supply.
- Coastal Del Mar location with A- neighborhood rating and top-tier schools supports retention
- High-cost ownership market reinforces sustained rental demand and measured pricing power
- 2000 vintage offers competitive positioning versus older stock, with value-add via targeted modernization
- Forward 3-mile projections indicate population and household growth, expanding the tenant base
- Risks: below-average national safety metrics and thinner immediate lifestyle amenities warrant operational focus