| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Fair |
| Demographics | 78th | Best |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1749 N Vulcan Ave, Encinitas, CA, 92024, US |
| Region / Metro | Encinitas |
| Year of Construction | 1977 |
| Units | 29 |
| Transaction Date | 2006-10-12 |
| Transaction Price | $4,100,000 |
| Buyer | LOSH SAMUEL J |
| Seller | CORALS LLC |
1749 N Vulcan Ave Encinitas Multifamily Investment
This 29-unit coastal property sits in a top-quartile San Diego neighborhood with strong rental demand dynamics and elevated home values that reinforce renter reliance on multifamily housing, according to WDSuite's CRE market data.
The property's Encinitas location ranks 49th among 621 metro neighborhoods, placing it in the top quartile of San Diego's residential submarkets. Neighborhood-level occupancy sits at 84.3%, while 46.6% of housing units are renter-occupied, creating a substantial tenant base for multifamily operators. The area's median home value of $1.68 million sustains rental demand by keeping ownership costs elevated relative to rental options.
Built in 1977, this property aligns with the neighborhood's average construction year of 1982, indicating consistent building stock that may present value-add renovation opportunities. Demographics within a 3-mile radius show household income growth of 43.3% over five years, with median household income reaching $153,320. The area's high-income profile supports rent collection stability and lease renewal rates.
Amenity density strengthens tenant appeal, with the neighborhood ranking in the 78th national percentile for overall amenities. Restaurant density reaches 13.4 per square mile, while parks achieve a 99th percentile national ranking at 6.1 per square mile. These lifestyle amenities contribute to tenant retention and competitive positioning against other rental options in the submarket.
Safety metrics present a mixed profile that requires active management consideration. The neighborhood ranks 116th out of 621 San Diego metro neighborhoods for overall crime, placing it above metro average but in the 43rd national percentile. Property crime rates show improvement with a 14.4% year-over-year decline, while violent crime decreased 37.1% over the same period.
These trending improvements in crime statistics suggest neighborhood stabilization, though property-level security measures and tenant screening protocols remain important for maintaining occupancy and rental rates. The coastal location's desirability helps offset safety concerns for many prospective tenants.
The property benefits from proximity to major corporate employers that support regional rental demand, with energy and technology companies providing stable employment within commuting distance.
- Nrg Energy — energy services (3.3 miles)
- Gilead Sciences — biotechnology (8.9 miles)
- Qualcomm — technology & telecommunications (14.1 miles) — HQ
- Sempra Energy — utilities (26.1 miles) — HQ
This Encinitas property offers exposure to a top-quartile San Diego neighborhood with strong rental fundamentals. The $1.68 million median home value creates a substantial ownership cost barrier that reinforces tenant demand for quality rental housing. Demographics within a 3-mile radius show household income growth of 43.3% over five years, supporting rent collection stability and potential for measured rent increases.
The 1977 construction year presents value-add renovation opportunities to capture additional rental premiums in this high-income coastal market. According to CRE market data from WDSuite, the neighborhood's 46.6% renter occupancy rate indicates solid rental demand depth, while proximity to major employers like Qualcomm and Gilead Sciences provides employment stability for the tenant base.
- Top-quartile neighborhood ranking (49th of 621) in San Diego metro
- High ownership costs ($1.68M median home value) sustain rental demand
- Strong household income growth (43.3% over 5 years) supports rent stability
- Value-add potential through renovation of 1977 vintage property
- Risk: Below-average neighborhood occupancy rate (84.3%) requires active leasing management