| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 32nd | Poor |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1255 Old Stage Rd, Fallbrook, CA, 92028, US |
| Region / Metro | Fallbrook |
| Year of Construction | 1991 |
| Units | 20 |
| Transaction Date | 2015-03-11 |
| Transaction Price | $2,800,000 |
| Buyer | MASON CY LLC |
| Seller | CAMPOS ALICE FAMILY TRUST |
1255 Old Stage Rd Fallbrook 20-Unit Multifamily
Neighborhood occupancy sits in the mid-90s with a renter-occupied share just over half, supporting steady tenant demand according to CRE market data from WDSuite. These figures describe the surrounding neighborhood, not the property, but they point to stable leasing conditions for workforce-oriented apartments.
Fallbrook within the San Diego Chula Vista Carlsbad metro shows competitive convenience for daily needs, with strong access to groceries, pharmacies, and restaurants relative to many metro peers (competitive among 621 San Diego metro neighborhoods). Caf e9s and parks are lighter nearby, so the location skews more toward practical amenities than leisure options.
Rents in the neighborhood trend above national norms and have risen materially over the last five years, while neighborhood occupancy remains elevated, helping support income stability. The 3-mile radius data indicate household incomes have grown meaningfully, which, paired with a moderate rent-to-income backdrop, can help underpin retention and renewal prospects for well-managed assets.
The property s 1991 vintage is newer than the neighborhood s average building age (late 1970s), suggesting relative competitiveness versus older stock. Investors should still anticipate selective modernization for aging systems or common areas to enhance leasing velocity and support rent trade-outs.
Tenure patterns in the surrounding area reflect a renter-occupied share modestly above half of housing units, indicating a reasonably deep tenant base for multifamily. Within a 3-mile radius, population growth in recent years and an expected increase in households over the next five years point to a larger pool of renters entering the market even if overall population is flat a dynamic that can support occupancy and absorption for well-positioned properties, according to WDSuite s CRE market data.
Home values benchmark well above national averages in this part of North County. A high-cost ownership market tends to sustain reliance on rental housing, which can aid lease retention and pricing power for competitive units while still requiring careful affordability management to reduce turnover risk.
Safety signals for the neighborhood are mixed and should be assessed alongside on-site measures. Compared with neighborhoods nationwide, the area sits below the national median for safety, and relative to the 621 neighborhoods across the San Diego metro it trends below the metro average. One-year trends show an uptick in estimated violent incidents and a smaller increase in property offenses at the neighborhood level.
For investors, this typically translates to pragmatic operating considerations rather than a thesis breaker: prioritize lighting, access control, and community standards; coordinate with local resources; and underwrite modest security and turnover buffers. All figures reflect neighborhood-level conditions, not the property itself.
Proximity to life sciences, energy, distribution, and technology employers supports a diversified commuter base, which can help stabilize leasing and reduce downtime for well-operated workforce housing. The following nearby employers anchor regional job demand:
- Gilead Sciences biopharma (11.5 miles)
- Nrg Energy energy (17.3 miles)
- Sysco food distribution (32.0 miles)
- Qualcomm technology (32.7 miles) HQ
- General Mills consumer goods (32.9 miles)
This 20-unit asset in Fallbrook benefits from neighborhood occupancy in the mid-90s and a renter-occupied share just over half of housing units, signaling a stable tenant base. Within a 3-mile radius, incomes have risen and households are expected to increase even if population is relatively flat, which can support absorption and lease retention for competitively positioned units. Elevated home values in North County point to a high-cost ownership market, reinforcing demand for multifamily housing.
Built in 1991, the property is newer than the area s average building age, offering a competitive edge versus older stock while still presenting targeted value-add potential through system updates and common-area refreshes. According to CRE market data from WDSuite, neighborhood rents sit above national norms and have grown over five years; paired with a moderate rent-to-income backdrop, this can support steady performance with disciplined lease management. Key risks include neighborhood safety signals below metro averages and lighter nearby leisure amenities, both of which can be mitigated through operations and targeted improvements.
- Stable neighborhood occupancy and renter concentration support demand depth
- 1991 vintage offers relative competitiveness with selective value-add upside
- High-cost ownership market reinforces renter reliance and retention potential
- Income growth and expected household increases in 3-mile radius bolster absorption
- Risk: neighborhood safety below metro average; plan for security and turnover buffers