| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 87th | Best |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1319 Via Terrassa, Encinitas, CA, 92024, US |
| Region / Metro | Encinitas |
| Year of Construction | 1986 |
| Units | 60 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1319 Via Terrassa Encinitas Multifamily Investment
This 60-unit property sits in an A+ rated neighborhood ranking in the top quartile nationally for demographics and amenities. Strong household incomes and high education levels within the 3-mile radius support stable rental demand in this established Encinitas location.
Built in 1986, this property aligns with the neighborhood's average construction vintage of 1982, positioning it within an established residential area that may offer value-add renovation opportunities for investors seeking to modernize unit features and common areas.
The neighborhood ranks 20th among 621 metro neighborhoods with an A+ rating, placing it in the top 4% regionally. Demographics within the 3-mile radius show strong fundamentals with a median household income of $158,637 and 47.7% of residents holding bachelor's degrees—ranking in the 99th percentile nationally for education levels. This educated, higher-income tenant base supports rental stability and pricing power.
Rental housing represents 41.1% of neighborhood units, creating a substantial renter pool that ranks in the 81st percentile nationally. Current neighborhood occupancy sits at 93.1%, indicating healthy demand-supply balance. Within the broader 3-mile area, demographic projections show household growth of 33% through 2028, expanding the potential tenant base and supporting long-term occupancy stability.
The area offers strong amenity access with 5.19 grocery stores per square mile (96th percentile nationally) and 5.19 childcare facilities per square mile (99th percentile), supporting tenant retention through convenience. Restaurant density of 19.48 per square mile ranks in the 96th percentile, enhancing neighborhood appeal for professionals and families.
Property crime rates in the neighborhood rank 534th among 621 metro neighborhoods, placing it in the 5th percentile nationally—indicating elevated property crime levels compared to other areas. However, the property crime rate declined 2.0% year-over-year, suggesting improving conditions.
Violent crime rates rank 464th among metro neighborhoods, corresponding to the 10th percentile nationally. While these metrics indicate security considerations for property management, the neighborhood's strong demographics and amenity access continue to support rental demand among professionals and families willing to prioritize location benefits.
The property benefits from proximity to major technology and energy employers that provide stable workforce housing demand for professional tenants.
- NRG Energy — energy services (6.1 miles)
- Qualcomm — technology & telecommunications (10.8 miles)
- Qualcomm — technology & telecommunications (11.1 miles) — HQ
- Gilead Sciences — biotechnology (11.1 miles)
- Celgene Corporation — biotechnology (11.7 miles)
This 60-unit property offers exposure to one of San Diego County's strongest demographic markets, with the neighborhood ranking in the top 4% regionally and maintaining 93.1% occupancy. The 1986 vintage presents value-add renovation opportunities to capture rent premiums in a market supported by educated, high-income tenants and projected household growth of 33% through 2028.
According to CRE market data from WDSuite, the area's fundamentals include exceptional amenity access and proximity to major technology employers like Qualcomm's headquarters. While crime metrics require ongoing property management attention, the combination of strong demographics, rental demand stability, and renovation upside creates a compelling investment thesis for multifamily operators.
- A+ neighborhood rating with top quartile demographics and 93.1% occupancy
- 33% projected household growth through 2028 expanding tenant base
- 1986 vintage offers value-add renovation opportunities
- Proximity to Qualcomm headquarters and biotechnology employers
- Risk: Crime metrics rank below metro average requiring security considerations