| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 69th | Good |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2316 Paseo De Laura, Oceanside, CA, 92056, US |
| Region / Metro | Oceanside |
| Year of Construction | 1972 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | $3,386,000 |
| Buyer | OWNERSHIP NAME INFORMATION |
| Seller | --- |
2316 Paseo De Laura Oceanside Multifamily Investment
Positioned in a high-cost ownership pocket of Oceanside, the asset benefits from durable renter demand and steady occupancy, according to WDSuite’s CRE market data.
The surrounding Oceanside neighborhood (B+ rating) shows solid fundamentals relative to the San Diego-Chula Vista-Carlsbad metro. Housing indicators track in the top quartile nationally, and neighborhood NOI per unit sits among the stronger performers in the country, based on CRE market data from WDSuite. Amenities are adequate for a suburban location, with parks and groceries accessible, while cafes and pharmacies are less dense than typical.
Construction trends skew newer locally (average vintage around the early 1990s), while the subject property was built in 1972. The older vintage points to potential capital planning needs but also creates value-add renovation upside to compete effectively with younger stock.
Within a 3-mile radius, demographics reflect a sizable and growing renter base: households have increased in recent years with further growth projected, expanding the tenant pool and supporting occupancy stability. The share of housing units that are renter-occupied in this 3-mile area is meaningful, reinforcing depth for multifamily leasing and renewals.
Ownership costs are elevated for the area, and neighborhood asking rents trend toward the upper end for the region. This dynamic typically sustains rental demand and supports pricing power, though it also warrants attention to lease management where rent-to-income pressure may affect retention.
Neighborhood safety compares below the national average and sits below the metro median among 621 San Diego-area neighborhoods. Even so, recent trend data show property-related incidents moving in a favorable direction year over year, which is a constructive sign for investors monitoring operational risk.
In short, the area is competitive within the metro but not top tier for safety nationally; prudent measures—lighting, access control, and resident engagement—can help support on-site performance alongside these broader trends.
Nearby employers span biotech, energy, wireless technology, and foodservice distribution, offering a diversified employment base that supports renter demand and commute convenience for workforce tenants. The list below focuses on the closest concentrations relevant to this submarket.
- Gilead Sciences — biotech (2.1 miles)
- NRG Energy — power & energy (3.9 miles)
- Qualcomm — semiconductors & wireless (20.9 miles) — HQ
- Celgene Corporation — biotech (21.4 miles)
- Sysco — foodservice distribution (22.8 miles)
2316 Paseo De Laura comprises 72 units in a suburban Oceanside setting where elevated home values and a meaningful renter pool support durable multifamily demand. Neighborhood performance ranks competitively within the metro and in the upper tiers nationally for housing and income characteristics, while occupancy has remained stable. The 1972 vintage is older than nearby stock, pointing to clear value-add and modernization opportunities to enhance positioning versus newer comparables.
According to CRE market data from WDSuite, the area’s income profile and ownership costs tend to reinforce renter reliance on multifamily housing. Within a 3-mile radius, population and household growth translate to a larger tenant base over the medium term, which can underpin leasing and renewal momentum. Key risks include affordability pressure relative to rents and safety metrics that trail national benchmarks, both manageable with targeted capex, amenity programming, and disciplined lease management.
- High-cost ownership market supports sustained renter demand and pricing power
- Stable neighborhood occupancy with growing 3-mile tenant base
- 1972 vintage offers value-add and modernization potential to compete with newer stock
- Diverse nearby employers across biotech, energy, and wireless bolster leasing depth
- Risks: rent-to-income pressure and below-average national safety metrics require proactive operations