| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 65th | Fair |
| Demographics | 42nd | Poor |
| Amenities | 40th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1044 Camino La Costa, Austin, TX, 78752, US |
| Region / Metro | Austin |
| Year of Construction | 1983 |
| Units | 108 |
| Transaction Date | 2005-12-30 |
| Transaction Price | $15,000,000 |
| Buyer | 740 WEST ELM LLC |
| Seller | AL LH DB LP |
1044 Camino La Costa Austin Multifamily Opportunity
Neighborhood occupancy trends are steady and renter demand is durable for this Inner Suburb location, according to WDSuite’s CRE market data. The area’s strong renter concentration supports leasing resilience through cycles.
Located in Austin’s Inner Suburb with a neighborhood rating of C+, the area serves workforce and mid-market renters seeking proximity to core employment without downtown premiums. Neighborhood occupancy (measured for the neighborhood, not the property) sits above national averages, supporting baseline stability for multifamily assets.
Daily-needs access is a relative strength: grocery and pharmacy availability track in higher national percentiles, while restaurants are competitive as well. By contrast, limited parks and cafe density suggest fewer lifestyle amenities within immediate blocks, which investors should factor into positioning and marketing.
Tenure patterns point to a deep renter pool: the share of housing units that are renter-occupied is among the highest nationally, indicating meaningful depth of tenant demand and potential support for occupancy through different rate cycles. Contract rents benchmark in the upper national percentiles for similar neighborhoods, while rent-to-income metrics indicate manageable affordability pressures that can aid retention and reduce turnover risk.
Within a 3-mile radius, demographics show population growth with a notable increase in households and families, creating a larger tenant base over time. Forecasts continue to point to renter pool expansion alongside rising household incomes, which can support renewal velocity and measured rent performance for well-managed assets.
Home values in the neighborhood sit above national medians for comparable areas, reflecting a higher-cost ownership market in Austin. That context tends to reinforce reliance on multifamily housing and supports pricing power for appropriately positioned communities, especially those offering renovated finishes or strong management practices.
Safety indicators for the neighborhood track below national medians and are below the metro median among 527 Austin-area neighborhoods. While this places the area behind many peers on safety, recent trend data shows improvement, with both property and violent offense rates declining year over year, which investors can weigh alongside management, lighting, and access-control strategies.
In practice, owners often offset relative safety risk through operations and design, and underwriting should reflect the neighborhood’s position versus the metro along with its improving trend.
Proximity to diversified employers supports near-term leasing and renewals, with convenient commutes to corporate offices across distribution, consumer goods, tech, and enterprise software.
- Airgas — industrial gases (3.9 miles)
- Coca-Cola — consumer beverages (4.2 miles)
- Whole Foods Market — grocery corporate offices (4.9 miles) — HQ
- Adobe — enterprise software (5.5 miles)
- Oracle Waterfront — technology offices (5.8 miles)
This 108-unit asset benefits from a high share of renter-occupied housing in the surrounding neighborhood and occupancy levels that are above national norms, supporting baseline stability. Within a 3-mile radius, household counts and incomes have been rising and are projected to continue increasing, indicating a larger tenant base and potential for steady lease-up and renewals. Based on CRE market data from WDSuite, local grocery, pharmacy, and restaurant access are competitive, while limited parks and cafe density suggest positioning toward value, convenience, and commute-friendly renters.
Ownership costs in the area trend higher than many U.S. neighborhoods, which generally sustains reliance on rental housing and can support pricing power for well-managed communities. Safety indicators trail metro and national medians but have improved year over year; investors should calibrate underwriting, resident-experience design, and security measures accordingly.
- High renter-occupied share supports deep tenant demand and occupancy stability
- 3-mile growth in households and incomes expands the renter pool and renewal potential
- Competitive access to grocery, pharmacy, and restaurants aligns with workforce housing needs
- Elevated ownership costs in Austin reinforce renter reliance and measured pricing power
- Risk: Safety metrics below metro medians; underwrite for enhanced operations and security