| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 22nd | Poor |
| Amenities | 81st | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 269 W San Marcos Blvd, San Marcos, CA, 92069, US |
| Region / Metro | San Marcos |
| Year of Construction | 1980 |
| Units | 26 |
| Transaction Date | 2002-07-05 |
| Transaction Price | $2,120,000 |
| Buyer | RENAISSANCE APARTMENTS |
| Seller | TROLLEY TERRACE DEVELOPMENT INC |
269 W San Marcos Blvd San Marcos Multifamily Investment
This 26-unit property benefits from neighborhood-level occupancy of 93.3% and strong rental demand, with 88.6% of housing units renter-occupied according to WDSuite's CRE market data.
The San Marcos neighborhood demonstrates solid fundamentals for multifamily investors, ranking in the 83rd percentile nationally for housing metrics. With 88.6% of housing units renter-occupied—ranking 6th among 621 metro neighborhoods—the area shows exceptional rental market depth that supports consistent tenant demand and occupancy stability.
Built in 1980, this property aligns with the neighborhood's average construction year of 1988, positioning it for potential value-add opportunities through strategic renovations and unit improvements. The area's median rent of $1,834 reflects stable pricing power, while demographic data within a 3-mile radius shows a median household income of $104,635 with projected growth to $159,674 by 2028, indicating strengthening tenant quality and retention potential.
Neighborhood amenities support tenant appeal with grocery stores and childcare facilities ranking in the top percentile nationally for density, while restaurants and parks provide additional lifestyle amenities. The area maintains a 93.3% occupancy rate, though investors should monitor the slight 5-year decline in occupancy trends when evaluating lease management strategies and renewal rates.
Crime metrics in this San Marcos neighborhood present mixed signals that warrant careful evaluation. Property crime rates rank 476th among 621 metro neighborhoods, placing the area in the lower third for property safety. However, recent trends show improvement with property crime declining 22.6% year-over-year, ranking in the 66th percentile nationally for crime reduction.
Violent crime rates similarly rank in the lower third of metro neighborhoods, though the area has experienced an 8.3% year-over-year decline. Investors should factor these safety considerations into tenant screening, property management protocols, and insurance planning while monitoring ongoing trend improvements.
The San Marcos area benefits from proximity to major corporate employers that support workforce housing demand and commuter convenience, including technology, energy, and biotech companies within the broader San Diego employment corridor.
- Nrg Energy — energy services (8.6 miles)
- Gilead Sciences — biotechnology (8.8 miles)
- Sysco — food distribution (15.5 miles)
- Qualcomm — technology — HQ (16.8 miles)
This 26-unit San Marcos property offers compelling fundamentals anchored by exceptional rental market depth and stable occupancy trends. The neighborhood's 88.6% renter-occupied housing stock ranks 6th among 621 metro neighborhoods, creating substantial tenant demand that supports consistent lease-up velocity and renewal rates. According to commercial real estate analysis from WDSuite, the area's 93.3% occupancy rate and $1,834 median rent demonstrate pricing power in a market with limited ownership alternatives.
Built in 1980, the property presents value-add potential through strategic renovations while benefiting from demographic tailwinds within a 3-mile radius. Population growth of 11.2% projected through 2028, combined with household income growth from $104,635 to $159,674, supports tenant quality improvements and rent growth potential. The neighborhood's strong amenity infrastructure and proximity to major employers including Qualcomm headquarters provide additional tenant retention advantages.
- Exceptional rental demand with 88.6% renter-occupied units ranking top 1% in metro
- Stable 93.3% neighborhood occupancy supporting consistent cash flow
- Value-add opportunity with 1980 vintage positioned for strategic improvements
- Strong demographic growth projecting 52% household income increase by 2028
- Risk consideration: Safety metrics rank in lower third of metro neighborhoods requiring enhanced security protocols