| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 25th | Poor |
| Amenities | 63rd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 201 Country Club Ln, Oceanside, CA, 92054, US |
| Region / Metro | Oceanside |
| Year of Construction | 1974 |
| Units | 90 |
| Transaction Date | 2008-05-01 |
| Transaction Price | $10,200,000 |
| Buyer | COUNTRY CLUB APARTMENTS LP |
| Seller | JORBON LLC |
201 Country Club Ln Oceanside Multifamily Investment
Stabilized renter demand in Oceanside’s Urban Core, supported by a high-cost ownership backdrop and steady neighborhood occupancy, according to WDSuite’s CRE market data.
Located in Oceanside’s Urban Core within the San Diego–Chula Vista–Carlsbad metro, the neighborhood rates B- and sits near the middle of the pack locally (rank 319 of 621 metro neighborhoods). Daily-needs access is a strength: grocery and pharmacy availability test well above national norms, while restaurants are dense for the area; parks and cafes are comparatively limited nearby.
Neighborhood occupancy is about 95% (neighborhood-level, not property-specific), indicating generally stable leasing conditions. Median home values rank in the upper tier nationally, pointing to a high-cost ownership market that tends to sustain multifamily renter demand and support pricing power where product is competitive.
The asset’s 1974 vintage is older than the area’s average construction year (1985). For investors, that typically means planning for capital improvements and positioning for value-add upgrades to strengthen competitiveness versus newer stock.
Demographics within a 3-mile radius show a modest population dip in recent years alongside a slight increase in household counts and smaller average household sizes. Forward-looking projections call for population and households to grow by 2028, implying a larger tenant base and support for occupancy stability over time. Renter-occupied share is roughly 58% within 3 miles, signaling depth in the renter pool and steady multifamily demand.
Relative strengths include: strong daily-needs retail access, housing metrics that are top quartile nationally, and NOI per unit performance that benchmarks high across comparable neighborhoods (per WDSuite). Watchpoints include limited nearby parks/cafes and mid-pack neighborhood ranking within the metro.
Safety indicators for the neighborhood are mixed. Compared with neighborhoods nationwide, overall safety benchmarks below the national median (crime national percentile in the low 30s), and the area ranks 262 out of 621 across the metro—neither among the strongest nor the weakest locally.
Recent trends show property offenses declining year over year, which is constructive, while violent offenses ticked up over the same period. Investors may wish to track these trends over time and underwrite to neighborhood-level patterns rather than block-level assumptions.
A diversified employment base within commuting distance supports renter demand and retention, led by biotech, energy, and technology employers noted below.
- Gilead Sciences — biotechnology (4.1 miles)
- Nrg Energy — energy services (5.8 miles)
- Qualcomm — technology (22.7 miles)
- Celgene Corporation — biotechnology (23.4 miles)
- Sysco — food distribution (25.6 miles)
201 Country Club Ln offers scale at 90 units with neighborhood fundamentals that favor renter demand: occupancy in the surrounding area is holding near the mid‑90s and home values sit in the high-cost tier nationally, reinforcing reliance on multifamily housing. The 1974 vintage suggests a clear value‑add path via targeted renovations and systems modernization to sharpen competitive positioning against newer supply.
Within a 3‑mile radius, households have inched higher and are projected to expand further by 2028, pointing to a larger tenant base and support for occupancy stability. Nearby employment nodes in biotech, energy, and technology deepen the renter pool, while strong daily‑needs access (groceries, pharmacies, and restaurants) aids retention. According to CRE market data from WDSuite, neighborhood housing and NOI-per-unit benchmarks score in the upper tiers nationally, though safety metrics trend below the national median—an underwriting consideration rather than a thesis breaker.
- High-cost ownership market supports durable renter demand and pricing power
- 1974 vintage creates value‑add and capex-driven upside versus newer comps
- Neighborhood occupancy near mid‑90s supports leasing stability (neighborhood-level)
- Employer access in biotech, energy, and technology underpins tenant base
- Risk: safety metrics below national median and limited nearby parks/cafes