| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 87th | Best |
| Amenities | 80th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 645 Via Cantebria, Encinitas, CA, 92024, US |
| Region / Metro | Encinitas |
| Year of Construction | 2005 |
| Units | 45 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
645 Via Cantebria, Encinitas CA Multifamily Investment
Newer 2005 vintage in an A+ inner-suburb of San Diego positions this 45-unit asset for durable renter demand and competitive leasing, according to WDSuite’s CRE market data.
Encinitas’ A+–rated neighborhood ranks 20th among 621 metro neighborhoods, placing it in the top tier locally. The area functions as an inner suburb with strong fundamentals: neighborhood occupancy is competitive in the national context and supported by a balanced renter base. Renter-occupied housing in the neighborhood is about two-fifths of units, indicating a meaningful tenant pool for multifamily while not being overexposed to turnover risk.
Amenity access is a clear strength. Neighborhood measures show high availability of restaurants, groceries, pharmacies, parks, and childcare relative to both the metro and national landscape, though cafés are less dense. These characteristics align with lifestyle convenience that typically supports retention and reduces friction in leasing.
The property’s 2005 construction is newer than the neighborhood’s typical 1980s-era stock. For investors, this suggests relative competitiveness versus older buildings while still warranting mid-life capital planning for systems, common areas, and potential repositioning to meet current renter expectations.
Within a 3-mile radius, recent data point to a stable-to-slightly contracting population historically, with forecasts indicating renewed population growth and a notable increase in household count alongside smaller average household sizes. For multifamily, that combination generally expands the tenant base and supports occupancy stability. High neighborhood incomes and elevated home values (both near the top of national comparisons) suggest a high-cost ownership market that can sustain reliance on rental housing—helpful for pricing power and lease retention—while also requiring attentive affordability management at renewal.
Safety metrics are mixed when benchmarked against the metro and nation. The neighborhood’s crime rank is 495 out of 621 metro neighborhoods, signaling weaker standing locally, and national percentiles are below average. In practical terms, this places the area below metro averages rather than top quartile performance.
Short-term trends are nuanced: property offense estimates show a modest year-over-year decrease, while violent offense estimates ticked up. Investors often respond with standard risk management—lighting, access controls, and coordinated community engagement—to support resident satisfaction and retention. All figures reflect neighborhood-level patterns, not this specific property.
The area draws from a diversified employment base spanning energy, life sciences, and technology—supporting commuter convenience and multifamily leasing stability. Nearby employers include NRG Energy, Gilead Sciences, Qualcomm, Celgene, and Sysco.
- NRG Energy — energy services (5.5 miles)
- Gilead Sciences — biopharma (10.5 miles)
- Qualcomm — technology & wireless (11.8 miles) — HQ
- Celgene Corporation — biopharma (12.3 miles)
- Sysco — food distribution (15.0 miles)
This Encinitas asset pairs a 2005 vintage with top-tier neighborhood positioning. The local renter concentration supports a deep tenant base, while elevated ownership costs in the area reinforce reliance on multifamily housing and help sustain pricing power. According to CRE market data from WDSuite, amenity access is strong, and neighborhood performance ranks among the metro’s leaders—factors that typically underpin occupancy stability for well-managed assets.
Forward-looking household growth within a 3-mile radius, coupled with smaller projected household sizes, points to a larger pool of renters entering the market. The property’s newer-than-average construction enhances competitive standing against older stock, though investors should plan for mid-life capital updates and maintain active safety and affordability management to protect retention and NOI.
- A+ neighborhood, top-tier local rank, and strong amenity access support leasing velocity and retention.
- 2005 vintage offers competitive positioning versus older stock with potential to capture premium through targeted upgrades.
- Within 3 miles, forecast household growth and smaller household sizes expand the tenant base and support occupancy.
- Elevated ownership costs locally reinforce multifamily demand and can aid pricing power and lease stability.
- Risks: safety metrics trail metro averages and affordability management is key; address via operations, security, and renewal strategies.