| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 72nd | Poor |
| Demographics | 81st | Best |
| Amenities | 40th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 8231 Camino Del Oro, La Jolla, CA, 92037, US |
| Region / Metro | La Jolla |
| Year of Construction | 2000 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
8231 Camino Del Oro La Jolla Multifamily Opportunity
In a high-cost ownership pocket of La Jolla, neighborhood-level demand for rentals is supported by strong parks and everyday retail access, according to WDSuite’s CRE market data, suggesting pricing resilience and steady tenant interest.
Located steps from La Jolla’s coastline, the property sits in a neighborhood rated B+ and positioned as competitive among San Diego-Chula Vista-Carlsbad neighborhoods (198th out of 621). Park access indexes strong nationally (top quartile), while grocery and restaurants track above typical U.S. concentrations. Cafés and pharmacies are thinner in the immediate area, so residents rely more on nearby retail nodes.
Built in 2000, the asset is newer than the neighborhood’s average vintage (1978). For investors, that generally points to a more competitive posture versus older local stock, while still planning for targeted modernization of interiors and building systems to meet today’s renter expectations.
Within a 3-mile radius, approximately half of housing units are renter-occupied, indicating a sizable tenant base for multifamily. Population has been relatively stable with a modest shift toward higher-income households, and projections show a near-term increase in household counts, which can expand the renter pool and support occupancy stability.
Neighborhood rents have outpaced many U.S. areas over recent years, and ownership costs remain elevated relative to incomes. In practice, this high-cost ownership market reinforces reliance on multifamily housing, supporting lease retention and pricing power at professionally managed properties. Neighborhood occupancy trends trail national leaders but have improved over the past five years, signaling better absorption and lease-up fundamentals.
Safety indicators for the neighborhood trend mixed. Compared with the 621 neighborhoods in the San Diego metro, overall crime ranks below the metro median, and national comparisons place the area below average for safety. However, recent data shows a year-over-year improvement in property offenses, suggesting some easing in nonviolent incidents.
Investors should underwrite sensible security measures and operational protocols—especially for common areas and parking—and benchmark against comparable coastal submarkets. Monitoring quarterly trends remains prudent given the neighborhood’s below-average national standing, even with the recent improvement in property offense rates.
The location benefits from proximity to established life sciences, technology, and energy employers that support commuter convenience and multifamily demand. Notable nearby employers include Celgene, Qualcomm, L-3 Telemetry & RF Products, Sempra Energy, and Sysco.
- Celgene Corporation — biotechnology (3.3 miles)
- Qualcomm — wireless technology (4.6 miles) — HQ
- L-3 Telemetry & RF Products — defense & aerospace (7.4 miles)
- Sempra Energy — energy infrastructure (10.9 miles) — HQ
- Sysco — foodservice distribution (13.1 miles)
8231 Camino Del Oro offers exposure to a coastal La Jolla submarket where elevated ownership costs sustain renter reliance on multifamily, while park and everyday retail access bolster livability. Based on commercial real estate analysis from WDSuite, neighborhood occupancy has trended upward in recent years even if it remains below national leaders, indicating improving lease stability as households favor professionally managed options near the coast.
The 2000 vintage positions the asset as newer than much of the surrounding stock, supporting competitive positioning with room for value through selective renovations and modernization. Within a 3-mile radius, a large, high-income renter base and projections for household growth point to a deeper tenant pool, reinforcing long-term demand and potential pricing durability.
- Coastal La Jolla location with strong livability and commuter access to major employers
- Newer 2000 construction versus local average enables competitive positioning and value-add upgrades
- High-cost ownership market supports renter demand depth and pricing resilience
- 3-mile household growth outlook indicates a larger tenant base supporting occupancy stability
- Risks: below-average national safety standing and historically softer occupancy, mitigated by recent property-crime improvement and operational controls