| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 14th | Poor |
| Amenities | 64th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 910 Martin Dr, Escondido, CA, 92026, US |
| Region / Metro | Escondido |
| Year of Construction | 1986 |
| Units | 26 |
| Transaction Date | 2013-11-05 |
| Transaction Price | $4,725,000 |
| Buyer | NORMAN LEVITT ENTERPRISES LLC |
| Seller | MARTINWOODS APARTMENT HOMES LP |
910 Martin Dr, Escondido CA — 26-Unit Multifamily Position
Neighborhood occupancy trends sit in the top quintile nationally, supporting stable renter demand according to WDSuite s CRE market data, while a high renter concentration in the immediate area points to a deep leasing pool. These indicators refer to the neighborhood, not this specific property.
Situated in Escondido s Urban Core, the property benefits from neighborhood fundamentals that are competitive among San Diego-Chula Vista-Carlsbad neighborhoods on occupancy and income performance. The area s occupancy ranks 241 of 621 in the metro (top 40%) and in the 80th percentile nationally, a constructive backdrop for sustaining leases and mitigating downtime.
Livability is anchored by dense daily-needs retail: grocery and pharmacy access both sit near the top of national distributions, while parks and restaurants are also well-represented. Caf e9s and childcare options are thinner locally, and average school ratings trend low for the metro, factors investors should weigh when targeting family-oriented renter segments.
Housing tenure skews renter-occupied at roughly 78% of units in the neighborhood, indicating a broad tenant base and potential depth for renewals and backfill. With median home values elevated relative to national norms and a high value-to-income ratio, the local ownership market is costly, which can reinforce reliance on multifamily rentals and support pricing power where affordability allows.
Vintage matters for competitive positioning: built in 1986 versus an average neighborhood construction year of 1979, the asset is somewhat newer than nearby stock. That can aid leasing versus older comparables, though investors should plan for system modernization and selective upgrades to maintain relevance.
Within a 3-mile radius, demographics show a stable population with a notable increase in households over the past five years and further household growth projected. This points to a larger tenant base over time, which can support occupancy stability and absorption, per commercial real estate analysis from WDSuite s dataset.
Safety conditions should be evaluated with a comparative lens. The neighborhood s crime rank is 392 out of 621 metro neighborhoods, which is below the metro median, and it sits around the lower third nationally (27th percentile), indicating higher reported crime than many U.S. neighborhoods. Property offenses track in a similar lower national percentile, while violent offense measures are weaker and have risen recently year over year. Investors may want to incorporate security features and active management into underwriting and operations.
Proximity to regional employers in biotech, food distribution, energy, and wireless technology supports a broad workforce renter base and commute convenience for residents. The list below highlights nearby anchors that can underpin leasing and retention.
- Gilead Sciences biotech (13.6 miles)
- Sysco food distribution (13.8 miles)
- NRG Energy energy (13.9 miles)
- Qualcomm wireless technology (17.5 miles)
- Qualcomm wireless technology (17.9 miles) HQ
This 26-unit, 1986-vintage asset combines a deep renter pool with neighborhood occupancy that is competitive within the San Diego metro and in the top quintile nationally. Elevated ownership costs in the area help sustain reliance on rentals, while dense daily-needs retail enhances resident convenience and supports lease retention. Based on CRE market data from WDSuite, these neighborhood metrics provide a constructive foundation for stable operations.
The property s slightly newer vintage than nearby stock can improve its competitive set, but prudent capital planning for modernization will help capture value. Affordability pressure is present locally, so disciplined lease management and amenity upgrades that justify rent levels are important to limit turnover risk.
- Strong neighborhood occupancy (competitive in metro; top quintile nationally) supports lease-up and renewal stability.
- High renter-occupied share signals deep tenant demand for multifamily units.
- 1986 vintage offers relative positioning versus older stock, with targeted modernization upside.
- Dense daily-needs retail (groceries, pharmacies, parks) enhances livability and retention.
- Risk: Lower relative safety and local affordability pressure warrant security measures and careful lease management.