| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 81st | Good |
| Demographics | 77th | Best |
| Amenities | 26th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1010 Stephanie Ct, San Marcos, CA, 92078, US |
| Region / Metro | San Marcos |
| Year of Construction | 2006 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1010 Stephanie Ct, San Marcos Multifamily Investment
Neighborhood occupancy is strong and schools are highly rated, supporting stable renter demand according to WDSuite's CRE market data. The area's high-cost ownership market further reinforces reliance on multifamily rentals.
San Marcos' inner-suburban setting offers family-oriented fundamentals that tend to support leasing stability: the neighborhood's school quality sits in the top tier locally and nationally, and parks density is strong, while restaurants are moderately represented. According to WDSuite's CRE market data, neighborhood occupancy is above the metro median and in the top decile nationally, indicating a deep renter pool at the neighborhood level rather than at this specific property.
Within a 3-mile radius, population and household counts have been trending upward, with forecasts calling for additional household growth through 2028. This points to a larger tenant base and supports ongoing absorption and renewal potential for multifamily assets.
Tenure patterns within a 3-mile radius indicate roughly three in ten housing units are renter-occupied, suggesting a defined but selective renter concentration. For investors, this typically translates to steady demand from households prioritizing quality schools and proximity to employment, with lease retention supported by lifestyle fit.
Ownership costs in the immediate neighborhood are elevated by national standards, which can sustain reliance on rental housing and support pricing power when managed alongside rent-to-income considerations. Amenity density for daily needs appears thinner within the immediate blocks (grocery, pharmacy, cafes), so residents may rely on nearby retail nodes, a manageable consideration when underwriting retention and commute patterns.
Relative to other San Diego–Chula Vista–Carlsbad neighborhoods (621 total), this area sits below the metro average for safety and falls below the national median, based on WDSuite's crime benchmarks. That said, year-over-year trends indicate improvement, with violent incident rates showing a meaningful decline, signaling a constructive direction to monitor.
For underwriting, frame expectations around a safety profile that is competitive with some inner-suburban pockets but not top-tier, while acknowledging the recent downtrend. Compare claims history and operating experience to neighborhood trends rather than block-level assumptions.
Nearby corporate offices provide a diversified employment base that supports renter demand and commute convenience, notably NRG Energy, Gilead Sciences, Sysco, Qualcomm, and Celgene.
- NRG Energy — corporate offices (7.3 miles)
- Gilead Sciences — corporate offices (9.4 miles)
- Sysco — corporate offices (14.0 miles)
- Qualcomm — corporate offices (14.2 miles) — HQ
- Celgene Corporation — corporate offices (15.1 miles)
Based on commercial real estate analysis informed by WDSuite's CRE market data, the neighborhood surrounding 1010 Stephanie Ct demonstrates fundamentals supportive of long-term multifamily performance. Occupancy at the neighborhood level is above the metro median and ranks among the top neighborhoods nationally, while top-tier schools and strong parks access align with resident profiles that typically favor stability and renewals. Elevated ownership costs by national standards help sustain reliance on rental housing and can support pricing power when managed against rent-to-income considerations.
Within a 3-mile radius, modest population gains and a projected increase in households through 2028 point to a growing renter base. Household incomes are comparatively strong, and rents are projected to continue rising from current levels, suggesting room for disciplined revenue management. Amenity density is thinner in the immediate blocks for daily needs, so investors should underwrite convenience via nearby retail nodes and commuting corridors rather than immediate walkability.
- Above-metro neighborhood occupancy and top-tier schools support leasing stability
- High-cost ownership market reinforces renter reliance and pricing power
- 3-mile household growth and strong incomes expand the tenant base
- Balanced revenue outlook with room for disciplined rent management
- Risks: below-median safety versus national benchmarks and thinner immediate retail; underwrite retention and operating costs accordingly