| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 42nd | Poor |
| Amenities | 87th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 421 Potter St, Fallbrook, CA, 92028, US |
| Region / Metro | Fallbrook |
| Year of Construction | 1990 |
| Units | 72 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
421 Potter St Fallbrook Multifamily Investment
This 72-unit property in an A- rated neighborhood shows strong occupancy fundamentals with 98.8% neighborhood occupancy rates. According to CRE market data from WDSuite, the area ranks in the top quartile nationally for amenity density and housing metrics.
This inner suburb neighborhood achieves an A- rating and ranks 117th among 621 metro neighborhoods, placing it in the top quintile for overall investment appeal. The area demonstrates strong fundamentals with 98.8% neighborhood occupancy rates ranking 98th of 621 metro neighborhoods, indicating robust rental demand and tenant retention.
Built in 1990, this property aligns with the neighborhood's 1972 average construction year, positioning it among newer stock that may require less immediate capital expenditure than older competing properties. The area maintains 58.2% of housing units as renter-occupied, ranking in the 93rd national percentile, which supports a stable tenant base for multifamily operators.
Demographics within a 3-mile radius show a population of 32,370 with moderate growth of 6.1% over five years. Median household income of $81,146 has grown 36.5% over the past five years, while contract rents have increased 43.3% to $1,728. This income growth trajectory supports rental pricing power, though investors should monitor rent-to-income ratios for affordability pressures.
The neighborhood ranks in the 88th national percentile for amenity density, with strong access to grocery stores (3.56 per square mile), restaurants, and childcare facilities. Schools average 3.33 out of 5 stars, ranking in the 70th national percentile, which supports family tenant attraction and retention in this suburban market.
Crime metrics present mixed signals that warrant careful consideration. The neighborhood ranks 585th of 621 metro neighborhoods for overall crime, placing it in the lower portion of the metro area. Property crime rates rank in the 6th national percentile, while violent crime rates also rank in the 6th national percentile nationwide.
Both property and violent crime rates have increased over the past year, with property offenses rising 19.5% and violent offenses up 40.7%. While these trends require monitoring, investors should evaluate security measures, lighting, and community engagement as part of their due diligence and operational planning.
The Fallbrook area benefits from proximity to major San Diego corporate employers, providing workforce housing opportunities for commuting professionals.
- Gilead Sciences — biopharmaceutical (12.2 miles)
- NRG Energy — energy services (17.9 miles)
- General Mills — consumer goods (32.3 miles)
- Qualcomm — technology HQ (33.3 miles)
- Celgene Corporation — biotechnology (34.1 miles)
This 72-unit Fallbrook property offers exposure to a top-quartile neighborhood with exceptional occupancy stability and strong amenity access. The 98.8% neighborhood occupancy rate ranks in the 93rd national percentile, indicating consistent rental demand in this A- rated market. Commercial real estate analysis shows the area's 58.2% renter-occupied housing stock creates a substantial tenant base, while recent income growth of 36.5% over five years supports rental pricing power.
The 1990 construction year positions the property among newer neighborhood stock, potentially reducing near-term capital expenditure needs compared to the area's 1972 average vintage. Demographics within a 3-mile radius show population growth and household formation that should sustain rental demand, while proximity to major San Diego employers provides workforce housing appeal for commuting professionals.
- Exceptional neighborhood occupancy at 98.8% ranks in top 7% nationally
- A- neighborhood rating with top quartile amenity density
- Strong income growth of 36.5% over five years supports pricing power
- 1990 vintage may require less immediate capital than older competing properties
- Crime trends require monitoring and may impact tenant retention strategies