| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 69th | Good |
| Amenities | 45th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 2330 Paseo De Laura, Oceanside, CA, 92056, US |
| Region / Metro | Oceanside |
| Year of Construction | 1974 |
| Units | 64 |
| Transaction Date | 1994-09-07 |
| Transaction Price | $2,200,000 |
| Buyer | PASEO DE LAURA II LTD |
| Seller | CALIFORNIA FEDERAL BANK |
2330 Paseo De Laura Oceanside Multifamily Investment
This 64-unit property in a B+ rated neighborhood benefits from strong rent growth and high-income demographics. Commercial real estate analysis from WDSuite shows median household income exceeding $111,000 with notable upward trajectory.
This suburban Oceanside neighborhood ranks in the top quartile nationally for housing fundamentals, with a B+ overall rating among 621 metro neighborhoods. The area demonstrates strong rental demand dynamics, with 32.2% of housing units occupied by renters and median contract rent of $3,109 reflecting the 99th percentile nationally. Demographics within a 3-mile radius show household income growth of 32.5% over five years, reaching a current median of $96,425.
Built in 1973, this property aligns with the neighborhood's average construction year of 1991, presenting potential value-add opportunities through modernization and unit improvements. The area maintains 92.4% occupancy rates with modest upward trends, while elevated home values at a median of $811,239 sustain rental demand by limiting ownership accessibility for many households.
Amenity access supports tenant retention with childcare facilities and parks above metro averages, though dining and retail options remain more limited. The neighborhood's 35.1% bachelor's degree attainment rate ranks in the 92nd percentile nationally, indicating a professional tenant base that typically demonstrates strong lease performance and rental stability.
Property crime rates in this neighborhood show improvement trends, with a 24.5% decline over the past year placing the area in the 68th percentile nationally for crime reduction. Current property offense rates rank 241st among 621 metro neighborhoods, indicating performance above the regional median.
Violent crime metrics require attention, with rates ranking 400th of 621 neighborhoods and recent increases of 82.4%. Investors should factor these safety considerations into tenant screening protocols and property management strategies while monitoring ongoing trends.
The employment base includes major corporate offices within commuting distance, supporting professional tenant demand and lease stability.
- Gilead Sciences — biotechnology (2.1 miles)
- NRG Energy — energy services (3.9 miles)
- Qualcomm — technology — HQ (20.9 miles)
- Celgene Corporation — pharmaceuticals (21.4 miles)
- Sempra Energy — utilities — HQ (33.1 miles)
This 1973-vintage property offers value-add potential in a neighborhood demonstrating strong rental fundamentals and income growth. The area's 99th percentile rent levels and professional demographics support pricing power, while elevated ownership costs at $811,239 median home values reinforce rental demand. According to CRE market data from WDSuite, the neighborhood's NOI per unit averages $16,223, ranking in the 96th percentile nationally.
Five-year demographic projections show continued household growth of 35.7% and median income increases to $131,782, expanding the professional renter pool. The property's construction vintage creates renovation upside opportunities to capture higher rents while the neighborhood's B+ rating and top-quartile housing metrics provide stable operating fundamentals.
- Strong rent growth potential with 99th percentile neighborhood rent levels
- Value-add opportunities through modernization of 1973 vintage units
- Professional tenant base with 35.1% bachelor's degree attainment
- Elevated ownership costs sustain rental demand dynamics
- Rising violent crime trends require enhanced security considerations