| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 87th | Best |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 120 Via Cantebria, Encinitas, CA, 92024, US |
| Region / Metro | Encinitas |
| Year of Construction | 1986 |
| Units | 66 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
120 Via Cantebria Encinitas Multifamily Investment
High-cost ownership in the surrounding neighborhood supports sustained renter demand and lease retention, according to WDSuite s CRE market data. Neighborhood indicators point to stable occupancy rather than outsized growth, helping investors prioritize operations and selective value-add over speculative underwriting.
Encinitas inner-suburb setting scores strongly within the San Diego-Chula Vista-Carlsbad metro, with the neighborhood ranked 20 out of 621 competitive among San Diego-Chula Vista-Carlsbad neighborhoods on overall quality. Daily-needs access is a clear strength: neighborhood grocery and restaurant density sit in the 96th percentile nationally, while pharmacies are in the 98th percentile and parks in the 88th percentile. Caf density is comparatively thin by national standards, which may modestly limit walk-to coffee options.
For multifamily investors, tenure and occupancy are constructive. About 41% of housing units in the neighborhood are renter-occupied (above the national median and in the 81st percentile), indicating a deeper tenant pool and support for leasing velocity. Neighborhood occupancy is reported at roughly the low-90s, which is above national midpoints and consistent with operational stability rather than lease-up volatility.
Within a 3-mile radius, incomes skew high and ownership costs are elevated (home values rank in the 96th national percentile). This high-cost ownership market tends to sustain reliance on rental housing, reinforcing demand depth and pricing power for well-managed assets. Median contract rents are also high by national comparison, so operators should balance revenue strategies with retention-focused leasing and renewals.
Forward-looking demographics are mixed but generally supportive for rentals. The 3-mile population is projected to expand modestly over the next five years while households are expected to increase more materially, pointing to smaller average household sizes and a larger renter-eligible base factors that can support occupancy stability and unit absorption when matched with appropriate layouts and amenities.
Safety indicators should be assessed prudently. At the metro level, the neighborhood s crime rank is 495 out of 621, placing it below the metro median and indicating higher reported crime relative to many San Diego-Chula Vista-Carlsbad neighborhoods. Nationally, safety metrics sit in lower percentiles, which signals less favorable comparisons versus U.S. peers.
Trend signals are mixed: estimated violent offense rates are in a low national percentile and rose year over year, while estimated property offense rates are also in a low national percentile but showed a modest decline over the past year. Investors should incorporate enhanced site-level security, lighting, and resident engagement into operating plans and benchmark against immediate comps rather than citywide averages.
Proximity to established employers supports commuter convenience and underpins renter demand, particularly for professionals in energy, wireless, life sciences, and food distribution reflected below.
- Nrg Energy energy (6.1 miles)
- Qualcomm wireless & semiconductors (11.1 miles) HQ
- Gilead Sciences biopharma (11.2 miles)
- Celgene Corporation biopharma (11.6 miles)
- Sysco food distribution (14.6 miles)
The property s 66 units at 120 Via Cantebria benefit from a high-income, high-cost ownership environment where renter reliance is durable. Neighborhood renter-occupied share sits well above national norms and occupancy trends are steady, suggesting dependable leasing. According to CRE market data from WDSuite, ownership costs in the neighborhood are elevated relative to income, which typically supports multifamily demand and helps sustain pricing power when paired with resident retention strategies.
Built in 1986, the asset is slightly newer than the neighborhood s average vintage, offering competitive positioning versus older stock while still leaving room for targeted modernization and energy-efficiency upgrades. Within a 3-mile radius, households are projected to grow meaningfully with smaller average household sizes, expanding the renter pool and supporting unit absorption. Operators should remain mindful of local safety metrics and rent-to-income pressures, calibrating amenities and renewal practices to preserve occupancy and cash flow.
- High-cost ownership market reinforces rental demand and lease retention
- Renter-occupied share and stable neighborhood occupancy support consistent cash flow
- 1986 vintage offers competitive position with value-add and efficiency upgrade potential
- 3-mile household growth and smaller household sizes expand the tenant base
- Risks: lower safety percentiles and rent-to-income pressures require proactive operations