| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 87th | Best |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 117 Rosebay Dr, Encinitas, CA, 92024, US |
| Region / Metro | Encinitas |
| Year of Construction | 1978 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
117 Rosebay Dr Encinitas Multifamily Investment
Neighborhood occupancy near 93% and a high-cost ownership market in Encinitas indicate durable renter demand, according to WDSuite’s CRE market data.
Positioned in Encinitas’ inner-suburban fabric, the property benefits from a neighborhood rated A+ and ranked 20 out of 621 in the San Diego-Chula Vista-Carlsbad metro—placing it in the top quartile nationally for overall fundamentals. Amenities are a local strength, with groceries, restaurants, and pharmacies concentrated at levels that test in the mid- to high-90s national percentiles, supporting daily convenience and renter retention.
Renter-occupied housing comprises roughly 41% of units in the neighborhood, signaling a meaningful tenant base for multifamily. Neighborhood occupancy is around 93%, which supports income stability for professionally managed assets. Median contract rents register at the upper end of regional ranges, consistent with the area’s high-income profile and elevated home values; for investors, this combination typically supports pricing power while requiring attentive lease management to sustain renewal rates.
The surrounding housing stock skews early-1980s on average, which positions a 1978 vintage asset for selective value-add and building-systems planning to stay competitive against comparable inventory. Household sizes trend modest, and the 3-mile radius demographics indicate a well-capitalized resident base with rising incomes; forward-looking projections in the same radius point to an increase in households and a shift toward slightly smaller household sizes—both supportive of a larger renter pool and steady absorption.
Relative to metro peers, these location dynamics are competitive among San Diego neighborhoods, with amenity access and neighborhood rating outperforming metro medians. Based on CRE market data from WDSuite, elevated home values in this part of North County San Diego reinforce reliance on multifamily housing, which can translate into steadier demand and retention for well-managed communities.
Safety indicators for the neighborhood track below national averages, with ranks placing it below the metro median (495 out of 621 San Diego neighborhoods). Nationally, the area sits in lower safety percentiles, so investors should underwrite with appropriate security, lighting, and operational protocols.
That said, recent data show a modest decrease in property offense rates year over year, suggesting incremental improvement. As always, safety conditions vary by block and over time; prudent evaluation focuses on property-level measures, resident experience, and collaboration with local resources to support stable operations.
Nearby corporate nodes in energy, life sciences, telecom, and distribution provide diverse employment drivers that support commute convenience and renter retention. The list below highlights notable employers within a typical renter commute band featured in this submarket.
- NRG Energy — energy (5.8 miles)
- Gilead Sciences — biotech (11.0 miles)
- Qualcomm — telecommunications & technology (11.4 miles) — HQ
- Celgene Corporation — pharmaceuticals (11.9 miles)
- Sysco — food distribution (15.0 miles)
117 Rosebay Dr offers a North County San Diego location with strong neighborhood fundamentals and established renter demand. Neighborhood occupancy is near 93%, and renter-occupied share around 41% indicates depth in the tenant base. Elevated home values and upper-tier incomes in the trade area support sustained multifamily reliance, while amenity access compares favorably to both metro and national benchmarks—factors that typically aid leasing velocity and renewal performance.
Built in 1978, the asset is slightly older than the neighborhood’s early‑1980s average, creating potential value-add through unit and systems updates to enhance competitiveness against similar stock. According to CRE market data from WDSuite, the area’s high ownership costs and strong amenity concentration align with steady multifamily utilization, while safety metrics trend below metro medians—an underwriting consideration best addressed through targeted capital planning and operations.
- North County location with top-quartile neighborhood ranking and strong amenity access supporting renter retention
- Neighborhood occupancy near 93% and a sizable renter base underpin income stability
- 1978 vintage offers value-add and CapEx levers to outcompete early‑1980s peer stock
- Elevated home values bolster multifamily reliance and pricing power with careful lease management
- Risk: safety indicators are below metro medians—plan for security, lighting, and resident-experience investments