| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 22nd | Poor |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 217 Autumn Dr, San Marcos, CA, 92069, US |
| Region / Metro | San Marcos |
| Year of Construction | 1985 |
| Units | 40 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
217 Autumn Dr, San Marcos CA — Multifamily in High Renter Pocket
Neighborhood occupancy is in the low-90s and renter concentration ranks among the highest in the San Diego metro, according to WDSuite’s CRE market data, supporting depth of tenant demand with room for disciplined value-add execution.
Situated in San Marcos within the San Diego–Chula Vista–Carlsbad metro, the neighborhood carries a B- rating and functions as an Urban Core pocket with strong daily-needs coverage. Grocery access and childcare density score near the top of both metro and national comparisons, while restaurants are also plentiful; pharmacies and cafes are sparser immediately nearby. For investors, this mix points to convenient essentials that can aid leasing and retention, with select service gaps that local retailers may fill over time.
Renter-occupied housing is exceptionally prevalent here, ranking 6th out of 621 metro neighborhoods, which signals a deep tenant base and supports demand for multifamily units. Neighborhood occupancy is competitive versus many U.S. areas and has eased only modestly over the last five years, suggesting generally stable leasing conditions. Median contract rents sit in a high national percentile, reinforcing the need for asset-level differentiation and attentive lease management.
Within a 3-mile radius, household counts have grown and are projected to rise further, indicating a larger tenant base ahead. Median household incomes are solid for the region, and forecasts show additional income gains, which can support rent levels. This commercial real estate analysis also points to elevated home values relative to incomes, a high-cost ownership backdrop that tends to keep multifamily in the consideration set and can sustain renter reliance on apartments.
Compared with national benchmarks, the neighborhood’s average school ratings are below metro norms, which may require targeted positioning for family renters. Still, amenity access, urban convenience, and a robust renter pool remain constructive features for multifamily operations.
Safety trends are mixed. The neighborhood compares below national safety norms overall, with both violent and property offense levels weaker than typical U.S. neighborhoods. However, according to WDSuite’s CRE market data, estimated offense rates have declined year over year, indicating improvement momentum that investors should track as part of underwriting and ongoing operations.
At the metro level (621 neighborhoods), recent reductions in offense rates place this area above many peers for improvement pace, but not yet in the top tier for overall safety. For multifamily assets, prudent security design, lighting, and resident engagement can help maintain leasing stability while the broader trend evolves.
The broader North County and I-15 corridor employment base supports commuter demand, with proximity to life sciences, energy, distribution, and technology offices that can aid leasing depth and retention for workforce and professional renters. Featured nearby employers include Gilead Sciences, NRG Energy, Sysco, Qualcomm, and Celgene.
- Gilead Sciences — life sciences (8.7 miles)
- NRG Energy — energy (8.7 miles)
- Sysco — food distribution (15.7 miles)
- Qualcomm — technology (17.0 miles) — HQ
- Celgene Corporation — life sciences (18.0 miles)
This submarket combines a deep renter base with essential-amenity convenience, producing durable multifamily demand. Neighborhood occupancy sits in the low 90s, renter-occupied share is among the metro’s highest, and median rents are positioned in upper national percentiles — a set-up that supports leasing stability when paired with disciplined operations and unit-level differentiation. Based on CRE market data from WDSuite, home values are elevated relative to incomes, which typically sustains reliance on rental housing and helps preserve demand depth across cycles.
Forward-looking 3-mile demographics indicate growth in households and income, pointing to an expanding tenant pool that can support rent levels. Key watch items include below-average school ratings and safety that trails national norms, though recent offense-rate declines suggest gradual improvement. Overall, the location fundamentals and renter concentration offer a constructive backdrop for steady operations with targeted value-add.
- Renter-occupied share ranks among the highest in the metro, indicating strong multifamily demand depth
- Neighborhood occupancy in the low-90s supports leasing stability with disciplined management
- Elevated ownership costs reinforce renter reliance, aiding pricing power over time
- Growing 3-mile household base and income trends expand the tenant pool
- Risks: safety below national norms and lower school ratings require targeted positioning and resident engagement