| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 41st | Poor |
| Amenities | 39th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 234 W Clemmens Ln, Fallbrook, CA, 92028, US |
| Region / Metro | Fallbrook |
| Year of Construction | 1990 |
| Units | 104 |
| Transaction Date | --- |
| Transaction Price | $1,075,000 |
| Buyer | OWNERSHIP NAME INFORMATION |
| Seller | --- |
234 W Clemmens Ln Fallbrook Multifamily Investment
Neighborhood indicators point to a meaningful renter base and a high-cost ownership market that supports sustained apartment demand, according to WDSuite s CRE market data. Investors should expect steady, needs-based tenancy with pricing set more by local incomes than by new supply.
Located in Fallbrook within the San Diego metro, the area surrounding 234 W Clemmens Ln shows balanced fundamentals for workforce-oriented rentals. Neighborhood occupancy trends sit near the national midpoint, suggesting generally stable lease-up and retention rather than sharp swings, based on CRE market data from WDSuite. The renter-occupied share is elevated versus many U.S. neighborhoods, indicating a deeper tenant pool and support for ongoing multifamily demand.
Daily-needs access is mixed: pharmacy availability is in the top quartile nationally, and park access also ranks strong compared with neighborhoods nationwide. Restaurant density is above the national median, while cafes and full-service groceries are thinner in the immediate neighborhood, which can modestly influence convenience appeal but typically does not define leasing outcomes for value-focused assets.
Home values in the neighborhood benchmark high versus the nation, reinforcing rental reliance and generally supporting pricing power when paired with sound operations. Rent-to-income measures sit closer to national norms, framing a watchpoint on affordability pressure and renewal management rather than a structural constraint on demand. For vintage context, the neighborhood s average construction year skews older than 1990; this property s year positions it competitively versus older stock while still warranting selective modernization planning.
Demographic statistics aggregated within a 3-mile radius show recent population growth and rising incomes, contributing to a larger tenant base for multifamily. Looking ahead, projections indicate household counts increasing even as population growth moderates, which can reflect smaller household sizes or shifting age mix dynamics that typically sustain demand for rental units and support occupancy stability.
Safety indicators benchmark below the national median, with both property and violent offense rates comparing unfavorably to many neighborhoods nationwide. Recent year-over-year trends show a modest uptick, which investors should underwrite through prudent security measures, lighting, and resident engagement practices rather than assume continued deterioration.
Within the San Diego-Chula Vista-Carlsbad metro and compared with neighborhoods across the region this area is not among the top-performing cohorts on safety. For underwriting, conservative loss assumptions and thoughtful site-level management policies can help offset these dynamics and support leasing stability.
Regional employers within commuting range anchor a diverse job base that supports renter demand and lease retention, particularly for workforce housing tied to life sciences, energy, logistics, and technology. Notable nearby employers include Gilead Sciences, NRG Energy, Sysco, Qualcomm, and General Mills.
- Gilead Sciences biotech & pharmaceuticals (11.3 miles)
- NRG Energy energy & power services (17.1 miles)
- Sysco food distribution & logistics (31.9 miles)
- Qualcomm semiconductors & wireless (32.6 miles) HQ
- General Mills consumer packaged goods (33.1 miles)
This 104-unit, 1990-vintage asset offers scale in a submarket where renter-occupied housing is comparatively prevalent and ownership costs are elevated relative to the nation. The combination typically supports a deeper tenant base and steadier occupancy, while the property s vintage is competitive versus older neighborhood stock and allows for targeted value-add through modernization of interiors and building systems. According to CRE market data from WDSuite, neighborhood occupancy is around the national midpoint, aligning expectations toward stable, operations-driven performance rather than speculative growth.
Amenity context is serviceable for daily needs pharmacies and parks benchmark well nationally and the employment base within commuting range spans life sciences, energy, logistics, and technology. Key underwriting watchpoints include below-median safety metrics and uneven amenity density (cafes/grocers), which call for measured assumptions and property-level execution to sustain leasing and rent growth.
- 1990 vintage competitive versus older area stock, with clear modernization/value-add pathways
- Elevated renter concentration and high-cost ownership landscape support demand depth and retention
- Stable, near-median neighborhood occupancy points to operations-led performance
- Parks/pharmacy access benchmark well nationally; regional employers bolster leasing
- Risks: below-median safety indicators and thinner cafe/grocery density warrant conservative underwriting