| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 55th | Fair |
| Amenities | 49th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1440 S Melrose Dr, Oceanside, CA, 92056, US |
| Region / Metro | Oceanside |
| Year of Construction | 1999 |
| Units | 88 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1440 S Melrose Dr Oceanside 1999 Multifamily Investment
Neighborhood occupancy remains in the mid-90s and elevated home values reinforce renter demand, according to WDSuite’s CRE market data.
Suburban Oceanside registers a B neighborhood rating and ranks 256 out of 621 metro neighborhoods, placing it above the metro median. Neighborhood occupancy stands at 94.3%, signaling steady utilization, while local asking rents benchmark in the top decile nationally for the neighborhood—an indicator of pricing power supported by a high-cost ownership backdrop.
Amenities are mixed but serviceable for residents: restaurants density is top quartile nationally, grocery access trends above average, and park access is competitive. Café and pharmacy options are thinner in the immediate blocks, so on-site conveniences and resident programming can help offset errand gaps.
Tenure patterns suggest depth in the renter base. The neighborhood shows 27.3% renter-occupied housing, while the 3-mile radius reflects about 43% renter-occupied units, supporting leasing demand for an 88-unit community and broadening the marketing footprint beyond the immediate blocks.
Demographic data aggregated within a 3-mile radius indicate a modest population dip in recent years with a projected return to growth by 2028 and a notable increase in households, alongside a slight reduction in average household size. These trends typically expand the renter pool and support occupancy stability. Elevated median home values (about the top 5% nationally) and strong incomes (upper deciles nationally) reinforce multifamily reliance and lease retention, based on commercial real estate analysis from WDSuite.
The property’s 1999 vintage is newer than the neighborhood’s average construction year (1990), providing a competitive edge versus older stock while still warranting targeted modernization and systems planning to meet current renter expectations.
Relative to the San Diego metro, the neighborhood ranks 568 out of 621 for crime, placing it in the lower tier locally. Nationally, it falls in a low safety percentile. Recent indicators are mixed—property offenses have eased year over year, while violent offenses have risen—so investors should underwrite enhanced lighting, access control, and active management practices to support resident confidence and retention.
Positioning this contextually versus peers can help calibrate marketing and operating plans; framing security expectations clearly and investing in visibility measures may help stabilize leasing performance despite below-average safety rankings.
A diversified North County employment base underpins renter demand, led by biopharma, energy, logistics, and regional tech scale. Nearby anchors below reflect practical commute access relevant to leasing and retention.
- Gilead Sciences — biopharma (3.5 miles)
- NRG Energy — energy (4.8 miles)
- Qualcomm — wireless & semiconductors (19.2 miles) — HQ
- Celgene Corporation — biopharma (19.9 miles)
- Sysco — foodservice distribution (19.9 miles)
1440 S Melrose Dr combines scale (88 units) with solid neighborhood utilization and a high-cost ownership market that supports sustained renter demand. Rents in the neighborhood track near top decile nationally, and elevated home values strengthen pricing power and lease retention without heavy concessions. The 1999 vintage is newer than local averages, offering competitive positioning versus older stock while leaving room for targeted value-add through modernization.
Within a 3-mile radius, forecasts point to household growth and slightly smaller household sizes by 2028—both supportive of renter pool expansion and occupancy stability. Proximity to biopharma, energy, logistics, and regional tech employers broadens the tenant base. According to WDSuite’s multifamily property research, these fundamentals compare favorably to many metro peers, though safety and amenity gaps warrant pragmatic operating plans.
- High-cost ownership market supports rental demand and pricing power
- 1999 vintage offers competitive edge versus older stock with value-add potential
- Household growth and smaller sizes forecast within 3 miles support occupancy stability
- Access to biopharma, energy, logistics, and tech employers underpins leasing
- Risks: below-average safety rankings and limited nearby cafés/pharmacies call for enhanced operations