| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Fair |
| Demographics | 71st | Good |
| Amenities | 16th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 500 Via Cantebria, Encinitas, CA, 92024, US |
| Region / Metro | Encinitas |
| Year of Construction | 1990 |
| Units | 28 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
500 Via Cantebria Encinitas Multifamily Investment Opportunity
High home values and strong household incomes in Encinitas point to sustained renter reliance on apartments, according to WDSuite’s CRE market data, supporting durable demand for well-located assets like 500 Via Cantebria.
Encinitas is a Suburban neighborhood within the San Diego-Chula Vista-Carlsbad metro (621 neighborhoods measured) with a C+ neighborhood rating. Local housing skews higher-cost relative to national benchmarks, and home values sit in the top tier nationally, which tends to reinforce rental demand and lease retention for quality multifamily assets.
The neighborhood’s renter-occupied share is meaningful at 42.0% (share of housing units), indicating a workable tenant base for a 28-unit property and helping support leasing stability. Median rents are elevated for the area, and rent-to-income levels remain manageable in context, suggesting room for disciplined rent strategies rather than outsized concessions. At the same time, the reported neighborhood occupancy rate is lower than many core coastal submarkets, so operators should focus on differentiated positioning and renewal management to support occupancy.
Livability leans toward outdoor access rather than dense retail: park access is a strength (98th percentile nationally), while immediate counts of cafes, groceries, and pharmacies rank low within the metro. For residents, this typically means quieter streets and reliance on nearby corridors for daily needs. School quality data is not specified here; investors may wish to verify local district performance for family-oriented leasing strategies.
Vintage matters: the property was built in 1990, newer than the neighborhood’s average 1982 construction year. That positioning should be relatively competitive versus older stock, though investors should still plan for system updates and selective renovations to meet current renter expectations.
Demographic statistics aggregated within a 3-mile radius point to high incomes today and forecast growth ahead: population is projected to expand modestly with a notable increase in households and a smaller average household size. That pattern generally broadens the renter pool over time, though projections also indicate a higher ownership share within five years, which could temper renter concentration and underscores the importance of product differentiation.
Safety indicators are mixed in this part of Encinitas. Compared with neighborhoods nationwide, violent and property offense rates sit below the national safety average, but both categories show year-over-year improvement, with declines in estimated incident rates according to WDSuite’s CRE market data. For investors, this suggests safety is trending in a favorable direction, yet on-the-ground leasing and resident feedback should remain part of underwriting.
Within the San Diego-Chula Vista-Carlsbad metro (621 neighborhoods measured), the area is competitive with some suburban peers but not among the top quartile for safety. Portfolio operators typically address this by emphasizing lighting, access control, and community engagement to support retention.
Proximity to diversified employers supports commuter convenience and renter demand, led by energy, biotech, and wireless technology firms that draw skilled workers to North County and University City. The bullets below highlight nearby anchors likely to influence leasing and retention.
- NRG Energy — energy (5.6 miles)
- Gilead Sciences — biotech (10.7 miles)
- Qualcomm — wireless technology (11.3 miles)
- Qualcomm — wireless technology (11.6 miles) — HQ
- Celgene Corporation — biotech (12.1 miles)
500 Via Cantebria’s investment case rests on a high-income North County location where elevated home values sustain renter reliance on multifamily housing. The 1990 vintage is newer than the neighborhood average, offering a competitive edge versus older stock and potential to capture premiums with targeted interiors and system updates. According to CRE market data from WDSuite, the area’s renter-occupied share is meaningful and parks access is a differentiator, while neighborhood occupancy patterns point to the need for hands-on renewal management and positioning.
Demographic statistics within a 3-mile radius indicate forecast growth in population and households alongside smaller household sizes, which typically broadens the tenant base and supports occupancy stability. Near-term risks include limited immediate retail amenities, safety metrics that sit below national averages despite improving trends, and projections of a higher ownership share that could temper renter concentration—factors best addressed through product differentiation, resident experience, and disciplined revenue management.
- High-income, high home-value market that reinforces sustained rental demand
- 1990 construction offers competitive positioning versus older local stock with value-add upside
- Diverse nearby employers in energy, biotech, and wireless support commuter-driven leasing
- 3-mile forecasts show modest population growth and more households, aiding tenant-base depth
- Risks: lighter nearby retail, safety below national average (improving), and rising ownership share potentially moderating renter concentration