| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 66th | Poor |
| Demographics | 85th | Best |
| Amenities | 44th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2801 Camino Del Mar, Del Mar, CA, 92014, US |
| Region / Metro | Del Mar |
| Year of Construction | 2000 |
| Units | 86 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
2801 Camino Del Mar Del Mar Multifamily Investment
This 86-unit property built in 2000 positions investors within Del Mar's affluent coastal market, where neighborhood median household income reaches $209,676 and ranks in the top 25 among 621 metro neighborhoods.
Del Mar presents a high-income suburban neighborhood with exceptional demographic fundamentals. The local area ranks 25th among 621 San Diego metro neighborhoods for household income, placing it in the 99th percentile nationally. Within a 3-mile radius, median household income reaches $169,566, with 41% of households earning over $200,000 annually. Demographic projections indicate household growth of 35% through 2028, supporting expanded renter demand.
The property's 2000 construction year aligns closely with the neighborhood average of 1979, positioning it as relatively modern within the area's building stock. This vintage suggests reduced near-term capital expenditure needs while maintaining competitive appeal. Neighborhood occupancy rates of 69.5% rank below metro medians, though this reflects the area's high homeownership rate of 65.5%, where elevated home values exceeding $2 million reinforce rental demand by keeping households in the multifamily market longer.
Local amenity density supports tenant retention, with restaurant concentration ranking in the 96th percentile nationally at 18.55 per square mile. The neighborhood achieves strong rankings for parks and cafes, though grocery and childcare amenities remain limited. Median contract rents of $3,295 rank 39th among metro neighborhoods, reflecting the area's premium positioning while maintaining reasonable rent-to-income ratios of 0.19 for existing tenants.
Safety metrics present a mixed profile requiring investor attention. Property crime rates rank 478th among 621 metro neighborhoods, placing the area in the 8th percentile nationally. However, recent trends show improvement with property offense rates declining 30.3% year-over-year, ranking in the 73rd percentile for crime reduction among metro areas.
Violent crime rates of 228 per 100,000 residents rank 299th metro-wide, positioning the neighborhood in the 18th percentile nationally. While these figures warrant consideration in tenant screening and property management strategies, the improving trend trajectory and affluent demographic profile suggest potential for continued stabilization.
The property benefits from proximity to major technology and biotech employers anchoring the North County corridor, supporting professional workforce housing demand.
- Qualcomm — semiconductor technology (6.3 miles)
- Qualcomm — semiconductor technology (6.4 miles)
- Qualcomm — semiconductor technology (6.7 miles) — HQ
- Celgene Corporation — biotechnology (6.8 miles)
- Nrg Energy — energy services (10.9 miles)
This Del Mar property capitalizes on exceptional demographic strength within one of San Diego's most affluent submarkets. According to CRE market data from WDSuite, the neighborhood ranks in the top 5% nationally for household income, with 41% of area households earning above $200,000. Projected household growth of 35% through 2028 expands the potential tenant base significantly, while elevated home values exceeding $2 million sustain rental demand by maintaining barriers to homeownership transitions.
The property's 2000 vintage positions it competitively within the local building stock while minimizing near-term capital expenditure requirements. Neighborhood rent levels of $3,295 reflect the area's premium positioning, supported by strong employment fundamentals including proximity to Qualcomm's headquarters and the broader North County biotech corridor. However, investors should monitor the below-average occupancy trends and property crime metrics when developing leasing and management strategies.
- Top 5% nationally for household income supporting premium rent positioning
- 35% projected household growth through 2028 expanding renter pool
- Proximity to major technology employers including Qualcomm headquarters
- 2000 construction vintage reduces near-term capital requirements
- Risk consideration: Below-average occupancy rates and elevated property crime metrics require active management