| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 47th | Fair |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1214 Division St, Oceanside, CA, 92054, US |
| Region / Metro | Oceanside |
| Year of Construction | 1972 |
| Units | 23 |
| Transaction Date | 1996-09-17 |
| Transaction Price | $525,000 |
| Buyer | SAN DIEGO COUNTY SER JOBS FOR PROGRESS I |
| Seller | JULLIAY CHRISTIAN |
1214 Division St, Oceanside CA Multifamily Investment
High renter-occupied concentration and a high-cost ownership market support durable rental demand in this Oceanside urban core location, according to WDSuite’s CRE market data and commercial real estate analysis.
Located in Oceanside’s urban core, the neighborhood scores B+ (ranked 165 among 621 metro neighborhoods), with amenity access that stands out: restaurants and groceries index in the top quartile nationally, and pharmacies and cafes also rate well. This concentration of daily-needs retail helps support leasing visibility and day-to-day livability for residents.
The area’s housing stock skews slightly older than the metro average (average vintage 1979), and this property’s 1972 construction suggests potential for targeted value-add and capital planning to remain competitive versus newer inventory. Average unit sizes here are modest (514 sq. ft. at the property), which can align with demand from singles and couples seeking efficient layouts near jobs and amenities.
Neighborhood tenure data indicates a strong renter-occupied share (58% renter-occupied), signaling depth in the tenant base and potential demand stability for multifamily assets. While neighborhood occupancy is below national norms, elevated home values (97th percentile nationally) point to a high-cost ownership market that can sustain reliance on rental housing and support pricing power where product is well-positioned.
Demographic statistics aggregated within a 3-mile radius show the total population trending lower in recent years but projected to grow over the next five years alongside a notable increase in households and smaller average household sizes. For investors, that combination can expand the renter pool and support lease-up and retention dynamics for smaller unit mixes, based on CRE market data from WDSuite.
Schools rate below national averages, which may temper appeal for some family renters; however, strong amenity density and employment access provide counterweights that can support occupancy and renewal propensity among adult and workforce households.
Safety indicators for the neighborhood track below national percentiles, signaling investors should underwrite appropriate security and operational practices. That said, recent trends are constructive: estimated violent offenses declined year over year and property offenses also trended down, indicating improvement momentum relative to many neighborhoods nationwide, based on WDSuite’s CRE market data.
Within the San Diego–Chula Vista–Carlsbad metro, the area is competitive among peer neighborhoods, but it does not sit in the top quartile for safety nationally. Framing this comparatively—rather than at a block level—helps set realistic expectations for retention strategies, insurance considerations, and site-level enhancements.
Proximity to life sciences, energy, and technology employers supports a diversified renter base and commute convenience, which can aid leasing stability for workforce-oriented units.
- Gilead Sciences — biotechnology offices (4.5 miles)
- NRG Energy — energy services (5.9 miles)
- Qualcomm — technology & wireless (23.0 miles) — HQ
- Celgene Corporation — biotechnology offices (23.4 miles)
- Sysco — food distribution (25.7 miles)
1214 Division St is a 23-unit, 1972-vintage asset positioned in an Oceanside urban core neighborhood with strong amenity access and a high renter-occupied share. Elevated home values locally reinforce reliance on multifamily, while smaller unit formats can align with workforce and young professional demand. According to CRE market data from WDSuite, neighborhood occupancy runs below national norms, but amenity density and diversified nearby employment can help support leasing velocity and renewal rates when operations and pricing are calibrated to the submarket.
The 1972 vintage points to potential value-add via systems modernization and interior upgrades to sharpen competitive positioning against newer stock. Forward-looking demographics within a 3-mile radius indicate an increase in households and smaller household sizes, which can expand the tenant base for efficient floor plans and support occupancy stability over a longer hold.
- High-cost ownership market supports rental demand and pricing power
- Amenity-rich urban core location aids leasing visibility and renewals
- 1972 vintage presents value-add potential to elevate competitive standing
- Household growth and smaller household sizes (3-mile radius) expand renter pool
- Risks: below-national safety metrics and neighborhood occupancy levels require prudent underwriting