| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 71st | Poor |
| Demographics | 58th | Fair |
| Amenities | 77th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1201 N Las Flores Dr, San Marcos, CA, 92069, US |
| Region / Metro | San Marcos |
| Year of Construction | 2000 |
| Units | 100 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1201 N Las Flores Dr San Marcos Multifamily Investment
Neighborhood-level occupancy trends point to stable renter demand in San Marcos, according to WDSuite’s CRE market data, with amenities and jobs access supporting leasing durability. Investors should view this asset as positioned for steady operations within the metro 9s North County corridor.
The property sits in an Inner Suburb location of the San Diego–Chula Vista–Carlsbad metro that ranks 144 out of 621 metro neighborhoods (A- rating), indicating competitive positioning among San Diego submarkets for multifamily fundamentals. Amenity access is a relative strength: the neighborhood ranks 75 of 621 for overall amenities and posts very strong food-and-beverage density, supporting day-to-day convenience and tenant retention.
Local livability drivers are reinforced by high concentrations of cafes, groceries, and restaurants compared with both the metro and national landscape. Nationally, these amenity densities fall in the upper percentiles, which tends to underpin leasing velocity for workforce and lifestyle renters. At the neighborhood level, a high share of housing units are renter-occupied, which signals a deep tenant base and supports demand across unit types.
Relative to the metro, neighborhood occupancy sits above the national average but in the middle of the San Diego pack, suggesting stable operations rather than outlier rent growth. Median home values are elevated for the area, and in combination with local rent-to-income ratios, this points to some affordability pressure that owners should manage via prudent renewals and resident retention strategies. Still, elevated ownership costs in the region generally sustain reliance on multifamily housing, which supports pricing power for well-managed assets.
Within a 3-mile radius, recent data show softer population trends over the last five years but a projected rebound ahead, with increases in households and income levels expected to expand the renter pool. This forward view, based on commercial real estate analysis from WDSuite, supports a case for demand resilience and occupancy stability as more households enter the market and average household sizes modestly adjust.
Vintage considerations matter: the asset 9s 2007 construction is newer than the neighborhood 9s average year built (1988), offering competitive positioning versus older stock while still warranting planning for mid-life systems and select modernization to maintain leasing appeal.
Safety metrics should be evaluated with context. The neighborhood 9s crime rank sits in the lower half of the San Diego–Chula Vista–Carlsbad metro (365 out of 621 neighborhoods), indicating it trails the metro average on safety. Compared with neighborhoods nationwide, overall safety percentiles are low, so underwriting should account for security measures and resident communication.
That said, recent trends are improving: estimated violent offense rates declined year over year and property offenses also eased, signaling gradual progress rather than deterioration. For investors, this suggests risk management and visibility remain important, but conditions are not static and should be monitored alongside local policing and community initiatives.
Nearby corporate offices provide a meaningful employment base that supports renter demand and commute convenience, notably at Gilead Sciences, NRG Energy, Sysco, Qualcomm, and Celgene Corporation.
- Gilead Sciences — corporate offices (6.6 miles)
- NRG Energy — corporate offices (7.1 miles)
- Sysco — corporate offices (17.4 miles)
- Qualcomm — corporate offices (17.9 miles) — HQ
- Celgene Corporation — corporate offices (18.8 miles)
1201 N Las Flores Dr is a 100-unit, 2007-vintage asset positioned in a competitive San Marcos neighborhood where amenity access and a sizable renter base support steady operations. Neighborhood occupancy levels are above national averages and broadly middle-of-the-pack within the San Diego metro, indicating demand stability rather than volatility. Elevated ownership costs in the area, combined with strong daily-needs access, tend to reinforce renter reliance on multifamily housing.
Within a 3-mile radius, recent softness in population has been followed by a forward outlook that calls for growth in households and incomes, implying a larger tenant base and support for occupancy stability. According to CRE market data from WDSuite, the combination of amenity strength and a material share of renter-occupied housing units underpins leasing durability, while 2007 construction offers competitive positioning versus older stock; investors should still plan for mid-life system updates and targeted modernization.
- Competitive Inner Suburb location with strong amenity access supporting retention and leasing
- Neighborhood occupancy above national averages, with stable mid-pack standing in the San Diego metro
- 2007 vintage provides relative competitiveness versus older stock, with planned mid-life system upgrades
- 3-mile outlook points to household and income growth, expanding the renter pool over time
- Risks: lower national safety percentiles and affordability pressure warrant active lease and security management