| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 95th | Best |
| Demographics | 68th | Good |
| Amenities | 40th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1726 Elfin Forest Rd, San Marcos, CA, 92078, US |
| Region / Metro | San Marcos |
| Year of Construction | 2005 |
| Units | 48 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1726 Elfin Forest Rd, San Marcos Multifamily Investment
Neighborhood occupancy is strong and renter demand appears durable for this 48-unit asset, according to WDSuite’s CRE market data, supporting stable operations in a high-cost North County submarket.
San Marcos sits within the San Diego–Chula Vista–Carlsbad metro and this neighborhood is rated A- with a rank of 155 among 621 metro neighborhoods, placing it in the top quartile locally. Neighborhood occupancy trends are a notable strength, with metrics that sit well above national norms, which can support steady leasing and retention for multifamily owners.
Schools in the area are a relative advantage, with the neighborhood’s average school rating landing in a high national percentile. That tends to correlate with family-oriented renter demand and longer tenures. Amenity density is mixed: pharmacies are reasonably accessible, while cafes and parks are thinner nearby — a consideration for marketing and positioning rather than a core demand driver.
Home values in the neighborhood are elevated versus national benchmarks, which typically sustains reliance on rental housing and can underpin pricing power for quality units. At the same time, rent-to-income indicators suggest room for thoughtful rent management without undue affordability pressure, aiding lease retention in competitive conditions.
Property vintage skews newer across the neighborhood relative to many U.S. locations; the subject property’s 2005 construction is modestly older than the neighborhood’s average vintage. For investors, that points to routine capital planning and selective value-add or modernization opportunities to remain competitive against 2010s-era stock.
Demographic statistics within a 3-mile radius indicate modest population growth and a projected increase in households over the next five years, alongside rising incomes. This combination supports a larger tenant base over time and provides a constructive backdrop for occupancy stability and disciplined rent growth.
Safety signals are mixed when viewed in context. Within the San Diego metro, the neighborhood’s crime rank sits competitive among 621 neighborhoods, indicating performance around the better end of the local distribution. Nationally, the area rates in lower percentiles for violent and property crime, suggesting it is not among the safest nationwide; however, recent trends show property offenses moving lower year over year, while violent offense metrics have ticked up. Investors should underwrite with realistic expectations, monitor trendlines, and emphasize on-site security and lighting as part of operations.
Nearby corporate anchors span energy, biotech, food distribution, and wireless technology, supporting a diverse employment base and commute convenience that can bolster renter demand and retention.
- NRG Energy — energy (7.1 miles)
- Gilead Sciences — biotech (9.6 miles)
- Qualcomm — wireless technology (13.7 miles) — HQ
- Sysco — food distribution (13.8 miles)
- Celgene Corporation — biotech (14.6 miles)
1726 Elfin Forest Rd is a 48-unit, 2005-vintage multifamily property positioned in a high-cost ownership market where neighborhood occupancy runs notably high. Elevated home values reinforce renter reliance on quality apartments, while rent-to-income dynamics suggest manageable affordability pressure that supports retention. According to CRE market data from WDSuite, the neighborhood ranks in the top quartile within the metro and posts strong school ratings, factors that generally correlate with stable leasing fundamentals.
The asset’s vintage is slightly older than the neighborhood’s predominately 2010s-era stock, creating potential to capture value through targeted upgrades and modernization to compete for well-qualified tenants. Within a 3-mile radius, modest population growth, rising incomes, and a projected increase in households collectively point to a gradually expanding tenant base that can sustain occupancy and disciplined rent growth over the hold.
- High neighborhood occupancy and strong school ratings support leasing stability.
- Elevated local home values bolster renter demand and potential pricing power.
- 2005 vintage offers value-add and modernization upside versus newer nearby stock.
- Diverse nearby employers underpin a broad tenant base and retention.
- Risks: thinner nearby amenities and mixed safety trendlines warrant conservative underwriting and proactive management.