| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 70th | Poor |
| Demographics | 41st | Poor |
| Amenities | 39th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 305 W Clemmens Ln, Fallbrook, CA, 92028, US |
| Region / Metro | Fallbrook |
| Year of Construction | 1986 |
| Units | 22 |
| Transaction Date | 2024-02-07 |
| Transaction Price | $5,852,000 |
| Buyer | 305 WEST CLEMMENS LANE LLC |
| Seller | JOE D ANDERSON TRUST |
305 W Clemmens Ln Fallbrook Multifamily Investment
Neighborhood fundamentals indicate a stable renter base and a high-cost ownership market that can support leasing durability, according to WDSuite’s CRE market data. Expect steady renter demand driven by elevated home values and a renter-occupied share that is competitive for the area.
Fallbrook sits within the San Diego–Chula Vista–Carlsbad metro and shows balanced but modestly mid-pack performance among 621 metro neighborhoods. Neighborhood occupancy is near the national middle (ranked 477 of 621 in the metro), suggesting steady but competitive leasing conditions for operators. Median contract rents trend above national norms (77th percentile), which supports revenue potential but also calls for attentive leasing strategy to sustain absorption.
Local ownership costs are elevated relative to much of the country (home values in the 94th national percentile; value-to-income ratio also in the 94th percentile). For multifamily investors, this high-cost ownership market reinforces reliance on rental housing and can underpin retention and pricing power, especially for well-managed workforce product.
Amenities are mixed. Overall amenity positioning is middle-of-the-pack in the metro (317 of 621), with stronger access to parks (78th percentile nationally) and pharmacies (87th percentile), while cafes and grocery stores are comparatively sparse within the immediate neighborhood footprint. For leasing, this means on-site conveniences and resident services can be differentiators versus local supply.
The asset’s 1986 vintage is newer than the neighborhood’s average construction year (1977), which positions it competitively versus older stock. Investors should still plan for targeted modernization and systems updates to meet current renter preferences, but the relative age can reduce near-term capital intensity compared with pre-1980 assets.
Tenure dynamics support multifamily demand: 44.2% of housing units in the neighborhood are renter-occupied (84th percentile nationally). This renter concentration indicates depth in the tenant base and can support occupancy stability for well-operated communities.
Within a 3-mile radius, population increased over the last five years and household incomes strengthened, expanding the customer base for quality rentals. Forward-looking WDSuite demographics point to households continuing to increase as population holds roughly flat, which can broaden the renter pool and support ongoing leasing.
Safety indicators should be assessed with care and in context. Relative to neighborhoods nationwide, this area sits below the national median for safety (crime measures around the 26th percentile). Within the San Diego metro, the neighborhood ranks in the lower half (424 of 621), indicating higher reported crime than many peer neighborhoods.
For investors, this suggests the importance of proactive property management: lighting, access control, and resident engagement can support perception and retention. Compare trends to nearby submarkets and monitor trajectory over time as part of underwriting and asset plans.
Proximity to regional employers helps underpin renter demand, with access to life sciences, energy, food distribution, and technology employment centers that support commute convenience for residents.
- Gilead Sciences — biopharma (11.4 miles)
- NRG Energy — energy services (17.2 miles)
- Sysco — food distribution (32.1 miles)
- Qualcomm — semiconductors & wireless (32.8 miles) — HQ
- General Mills — consumer foods (32.9 miles)
305 W Clemmens Ln offers exposure to a renter-driven pocket of North County San Diego where neighborhood occupancy sits around the national middle and renter-occupied housing is comparatively high. Elevated ownership costs (home values and value-to-income ratio both in the top national percentiles) reinforce reliance on rental housing, supporting lease retention and pricing discipline for well-managed assets, based on CRE market data from WDSuite.
Built in 1986, the property is newer than much of the surrounding housing stock, providing a competitive edge versus older assets while still allowing for targeted value-add to capture rent premiums. Within a 3-mile radius, recent population gains and rising incomes, with households projected to increase even as population holds roughly flat, point to a larger tenant base and continued demand for quality rentals.
- High-cost ownership market supports rental demand and lease retention
- 1986 vintage offers competitive positioning with selective value-add upside
- Renter concentration and expanding household base bolster occupancy stability
- Mixed amenity access and below-median safety require active management and resident services