| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 72nd | Good |
| Amenities | 16th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 266 Rancho Del Oro Dr, Oceanside, CA, 92057, US |
| Region / Metro | Oceanside |
| Year of Construction | 1986 |
| Units | 90 |
| Transaction Date | 2001-03-30 |
| Transaction Price | $11,325,500 |
| Buyer | EQR MISSION HILLS LLC |
| Seller | AGL INVESTMENTS #2 LTD PARTNERSHIP |
266 Rancho Del Oro Dr Oceanside Multifamily Investment
This 90-unit property from 1985 operates in a neighborhood with strong rental demand fundamentals, where nearly half of housing units are renter-occupied and occupancy rates exceed 95%.
This Oceanside neighborhood ranks in the top quartile nationally for housing market fundamentals, with 95.3% occupancy rates supporting stable rental operations. The area maintains a balanced tenure profile where 49.1% of housing units are renter-occupied, indicating consistent demand for multifamily housing. Median contract rents of $2,241 reflect the neighborhood's position in San Diego County's competitive rental market.
Demographics within a 3-mile radius show a mature renter base with median household income of $92,714 and projected growth to $133,000 by 2028. The population of approximately 101,600 residents includes 25.2% in the key 18-34 age demographic, while households are forecast to increase by 31.8% over the next five years. This household growth supports expansion of the local renter pool and occupancy stability for multifamily properties.
The neighborhood's 1989 average construction year aligns closely with this property's 1985 vintage, suggesting consistent building stock that may present value-add opportunities through strategic renovations. Home values averaging $680,973 in the area sustain rental demand by limiting ownership accessibility for many households. However, amenity density remains limited, with minimal retail and dining options nearby, which investors should consider for tenant retention strategies.
Crime metrics for this neighborhood show mixed performance relative to the broader San Diego metro area. Property crime rates rank in the middle tier among the region's 621 neighborhoods, while violent crime rates perform better at the 71st percentile nationally. Recent trends indicate property crime increased 38.5% year-over-year, though violent crime remained relatively stable with only a 2.7% increase.
These safety dynamics warrant consideration in tenant screening and property management strategies, particularly given the neighborhood's otherwise strong fundamentals for rental demand and occupancy stability.
The surrounding employment base includes major corporate offices that support workforce housing demand, with several significant employers within commuting distance of the property.
- Gilead Sciences — biotechnology (1.7 miles)
- Nrg Energy — energy services (6.7 miles)
- Qualcomm — technology and telecommunications (23.3 miles) — HQ
- Celgene Corporation — biotechnology (24.1 miles)
- Sempra Energy — utilities (35.9 miles) — HQ
This 90-unit property built in 1985 benefits from neighborhood-level occupancy rates of 95.3% and strong rental market fundamentals in San Diego County. The surrounding area's 49.1% renter-occupied housing share indicates sustained multifamily demand, while projected household growth of 31.8% over five years supports tenant base expansion. According to CRE market data from WDSuite, the neighborhood ranks in the top quartile nationally for housing metrics, with median contract rents of $2,241 reflecting competitive pricing power.
The property's 1985 construction year presents potential value-add opportunities through strategic capital improvements, particularly given elevated home values in the area that reinforce rental demand. Demographics within three miles show income growth projections from $92,714 to $133,000 median household income by 2028, supporting rent growth potential over the investment horizon.
- Neighborhood occupancy rates exceed 95% with strong rental demand fundamentals
- Projected 31.8% household growth over five years supports tenant base expansion
- Value-add potential through renovations of 1985-vintage property
- Median income growth projections support rent escalation opportunities
- Risk consideration: Limited nearby amenities may impact tenant retention strategies