| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 93rd | Best |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1155 Coast Blvd, La Jolla, CA, 92037, US |
| Region / Metro | La Jolla |
| Year of Construction | 2000 |
| Units | 121 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1155 Coast Blvd, La Jolla Multifamily Investment
Positioned in a high-income, amenity-rich coastal enclave, the neighborhood supports a deep renter base and premium pricing; according to WDSuite’s CRE market data, elevated ownership costs and solid renter concentration in the area underpin sustained demand.
This property sits within an A+ neighborhood in the San Diego-Chula Vista-Carlsbad metro, ranked 3 out of 621 neighborhoods — a top performer locally with strong location fundamentals and service coverage. Amenity access is a competitive strength, with restaurants, cafes, parks, groceries, and pharmacies placing the area competitive among San Diego-Chula Vista-Carlsbad neighborhoods and in the top quartile nationally by amenity density, supporting resident retention and leasing velocity.
Schools rate at the top of the metro (1 of 621 by average rating), which helps stabilize demand for larger units and long-term tenancy. Median home values are among the highest nationally, reinforcing reliance on multifamily housing and supporting pricing power for well-maintained assets. Neighborhood rents are also high relative to national benchmarks, consistent with the area’s income profile.
Neighborhood occupancy has been softer than the national average in recent periods, which reflects local dynamics rather than property-specific performance; investors should underwrite leasing plans accordingly while recognizing the area’s durable renter-occupied share that signals depth in tenant demand. The building’s 2000 vintage is newer than the neighborhood’s typical 1980s stock, providing relative competitiveness versus older assets, though capital planning should account for modernization of systems as the asset approaches its next lifecycle updates.
Within a 3-mile radius, demographic data indicate a high-income renter pool with forecast growth: households are projected to increase materially by 2028, and population is expected to expand as well. This points to a larger tenant base over the medium term, supporting occupancy stability and rent growth for professionally managed assets.
Safety trends reflect an urban coastal location with higher property and violent offense rates than national averages (national safety percentiles are lower). Among 621 metro neighborhoods, the area s crime positioning sits below the metro median, so operators typically plan for enhanced building access control, lighting, and insurance diligence.
Recent momentum shows mixed signals: estimated property offenses declined by roughly 12.9% year over year, while violent offense estimates ticked up modestly. Investors can contextualize risk by comparing these neighborhood-level trends to submarket peers and by aligning onsite measures with best practices for urban core assets.
Proximity to diversified employers supports a stable renter base, with concentration in biotech, semiconductors, defense/aerospace, and energy. Nearby anchors include Celgene, Qualcomm, L-3 Telemetry & RF Products, Sempra Energy, and Sysco, offering commute convenience that can aid retention.
- Celgene Corporation biotech (4.3 miles)
- Qualcomm semiconductors (5.6 miles) HQ
- L-3 Telemetry & RF Products defense & aerospace (8.3 miles)
- Sempra Energy energy & utilities (11.0 miles) HQ
- Sysco foodservice distribution (14.2 miles)
1155 Coast Blvd benefits from top-tier neighborhood fundamentals and income depth, supporting premium rents and steady leasing. Based on commercial real estate analysis from WDSuite, the area ranks among the metro s best for amenities and schools, while extremely high for-sale home values reinforce reliance on multifamily housing and bolster pricing power for competitive assets. The property s 2000 construction is newer than much of the surrounding stock, offering a relative advantage versus 1980s-vintage comparables, though investors should plan for targeted system upgrades as the asset seasons.
Neighborhood occupancy has trended softer, so underwriting should emphasize leasing execution and resident retention. Counterbalancing this, within a 3-mile radius households are projected to increase substantially by 2028 alongside strong income growth, pointing to a larger, higher-earning renter pool over time. These dynamics, combined with proximity to major employers, support a long-term hold case focused on operational excellence and select value-add.
- Top-performing coastal location with elite schools and amenity depth supporting tenant retention
- Newer 2000-vintage construction versus older local stock, with modernization potential for competitive positioning
- High-cost ownership market sustains multifamily demand and pricing power
- 3-mile outlook shows household and income growth expanding the renter base
- Risk: neighborhood-level occupancy and safety metrics require focused leasing, security, and insurance strategies