| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 87th | Best |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1330 Via Terrassa, Encinitas, CA, 92024, US |
| Region / Metro | Encinitas |
| Year of Construction | 1986 |
| Units | 64 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1330 Via Terrassa Encinitas Multifamily Investment
This 64-unit property benefits from strong neighborhood-level occupancy at 93.1% and elevated demographic fundamentals, according to CRE market data from WDSuite that positions the area in the top quartile nationally for educational attainment.
Located in a highly-rated inner suburb neighborhood that ranks 20th among 621 metro neighborhoods, this Encinitas location demonstrates strong fundamentals across multiple investor metrics. The area achieves a 93.1% neighborhood-level occupancy rate with 41.1% of housing units occupied by renters, creating a stable tenant base for multifamily operators. Demographic data aggregated within a 3-mile radius shows 47.7% of residents hold bachelor's degrees, placing the area in the 99th percentile nationally for educational attainment.
The 1986 construction year aligns with neighborhood averages, suggesting potential value-add opportunities through targeted renovations and unit upgrades. Median contract rents of $2,419 rank in the 96th percentile nationally, while home values averaging $862,455 reinforce rental demand by keeping ownership costs elevated relative to renting. This dynamic supports tenant retention and pricing power for multifamily properties.
Amenity density strengthens tenant appeal, with the neighborhood ranking in the 99th percentile nationally for childcare access and 96th percentile for grocery store availability. Restaurant density also ranks in the 96th percentile nationally, contributing to the area's overall amenity score of 80th percentile. These lifestyle amenities support lease retention and can justify premium rents for well-positioned properties.
Demographic projections within the 3-mile radius indicate household growth of 33.4% through 2028, with median household income forecast to rise 42.6% to $225,773. This household formation and income growth expands the potential renter pool while supporting rent escalation over the investment horizon.
Crime metrics present a mixed profile that requires careful evaluation. The neighborhood ranks 495th among 621 metro neighborhoods for overall crime, placing it in the 22nd percentile nationally. Property offense rates of 3,436 per 100,000 residents rank in the 5th percentile nationally, while violent crime rates of 454 per 100,000 residents rank in the 10th percentile nationally, both indicating elevated crime levels compared to national averages.
However, recent trends show some improvement, with property crime declining 2.0% year-over-year. Investors should factor these safety considerations into tenant screening, security measures, and insurance planning. The strong demographic profile and amenity access may help offset crime concerns for certain tenant segments, but thorough due diligence on local crime patterns and security infrastructure is advisable.
The San Diego metro employment base includes several major corporate anchors within commuting distance, supporting workforce housing demand for multifamily properties.
- NRG Energy — energy services (6.1 miles)
- Qualcomm — technology (10.8 miles)
- Qualcomm — technology headquarters (11.2 miles) — HQ
- Gilead Sciences — biotechnology (11.1 miles)
- Celgene Corporation — pharmaceuticals (11.7 miles)
This 64-unit Encinitas property offers compelling fundamentals driven by strong neighborhood demographics and rental market dynamics. Built in 1986, the asset presents value-add potential through strategic renovations while benefiting from a location that ranks in the top quartile among San Diego metro neighborhoods. Neighborhood-level occupancy of 93.1% demonstrates rental demand stability, while demographic data from WDSuite indicates 47.7% of residents hold bachelor's degrees, supporting rent growth potential.
Household growth projections of 33.4% through 2028 within the 3-mile radius, combined with forecast median income increases to $225,773, create favorable conditions for rent escalation and occupancy maintenance. The 41.1% renter-occupied unit share provides a stable tenant base, while elevated home values reinforce rental demand by maintaining ownership cost barriers.
- Strong neighborhood occupancy at 93.1% indicates stable rental demand
- Top quartile demographics with 47.7% bachelor's degree attainment nationally
- Forecast household growth of 33.4% through 2028 supports tenant pipeline
- 1986 vintage offers value-add renovation opportunities
- Crime metrics rank below metro average, requiring enhanced security considerations