| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 41st | Poor |
| Amenities | 39th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1456 Alturas Rd, Fallbrook, CA, 92028, US |
| Region / Metro | Fallbrook |
| Year of Construction | 1989 |
| Units | 66 |
| Transaction Date | --- |
| Transaction Price | $580,000 |
| Buyer | OWNERSHIP NAME INFORMATION |
| Seller | --- |
1456 Alturas Rd, Fallbrook CA Multifamily Investment
Neighborhood occupancy sits around the metro median and elevated ownership costs in North San Diego County help sustain renter demand, according to WDSuite’s CRE market data.
Situated in Fallbrook’s inner-suburban setting within the San Diego metro, the area offers practical livability rather than urban intensity. Pharmacy access and park coverage rank in the top quartile nationally, while restaurants are above the national average; however, cafes and grocery options are comparatively sparse. For residents, this mix suggests everyday convenience with fewer discretionary amenity choices nearby.
Home values in the neighborhood are elevated versus national norms, which tends to reinforce reliance on multifamily housing and can support pricing power for well-managed assets. Median contract rents benchmark above the national average, aligning with San Diego’s broader rent profile. The neighborhood’s occupancy rate is around the national median, indicating steady—if not tight—leasing conditions that reward disciplined asset and lease management.
Tenure patterns signal durable renter demand: the neighborhood’s renter-occupied share is high by national standards (top quartile nationally), pointing to a sizable tenant base for a 66-unit asset. Within a 3-mile radius, recent population growth has been modest and is expected to level off, while households are projected to increase—implying smaller household sizes or more shared living. For investors, this shift typically supports a larger renter pool and helps underpin occupancy stability.
Relative to the San Diego-Chula Vista-Carlsbad metro, overall neighborhood quality scores land near the middle of the pack, with NOI-per-unit and demographics tracking closer to metro medians than top performers. That positioning can be attractive for value-focused operators who prioritize stable tenant demand over amenity-driven premiums, provided capital plans and operations are tailored to the submarket’s needs.
Safety indicators trend below national averages, with the neighborhood comparing weaker than many U.S. areas. Within the San Diego metro, recent metrics are not among the strongest and suggest investors should underwrite conservative security measures and consider property-level enhancements to support resident comfort and retention.
Year over year, reported estimates indicate a recent uptick in violent incidents alongside elevated property offenses. While block-level conditions can vary, underwriting that includes lighting, access control, and community engagement programming can help mitigate risk and support leasing stability over time.
Regional employers within commuting distance help anchor demand for workforce and middle-income renters. Notable names include Gilead Sciences, NRG Energy, Sysco, Qualcomm, and General Mills—each contributing to a diversified employment base that supports leasing and retention.
- Gilead Sciences — biotechnology (11.1 miles)
- NRG Energy — energy services (16.9 miles)
- Sysco — foodservice distribution (31.9 miles)
- Qualcomm — wireless & semiconductors (32.5 miles) — HQ
- General Mills — consumer packaged goods (33.2 miles)
1456 Alturas Rd is a 66-unit, 1975-vintage asset positioned in an inner-suburban pocket of North San Diego County where renter demand is supported by a high-cost ownership market and a renter concentration that ranks strong at the national level. Neighborhood occupancy trends sit near the national and metro medians, suggesting steady lease-up potential for operators who emphasize resident experience and disciplined renewal management. Based on commercial real estate analysis from WDSuite, rents benchmark above national norms locally, while within a 3-mile radius households are projected to increase—expanding the effective renter pool even as population growth moderates.
Vintage implies a clear playbook: 1970s construction typically benefits from targeted exterior and systems modernization, in-unit refreshes, and common-area upgrades that can lift retention and support achievable rent positioning relative to newer stock. Operators should also plan for the amenity-light setting and incorporate basic convenience features on-site to offset limited nearby retail nodes, while underwriting prudent safety investments.
- Stable neighborhood occupancy near metro and national medians supports predictable leasing
- High-cost ownership landscape reinforces reliance on rentals and pricing power
- 1975 vintage offers value-add via systems updates and unit/interior upgrades
- 3-mile household growth outlook implies a larger tenant base despite flat population
- Risks: amenity-light submarket and below-average safety metrics require prudent underwriting