| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 32nd | Poor |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 501 Ammunition Rd, Fallbrook, CA, 92028, US |
| Region / Metro | Fallbrook |
| Year of Construction | 1979 |
| Units | 30 |
| Transaction Date | 2011-03-30 |
| Transaction Price | $100,000 |
| Buyer | ACME APARTMENTS LLC |
| Seller | IBARC LLC |
501 Ammunition Rd Fallbrook Multifamily Investment
This 30-unit property built in 1979 operates in a neighborhood with 95.2% occupancy rates and strong rental demand fundamentals. Commercial real estate analysis from WDSuite indicates the area maintains above-average occupancy stability despite limited amenity density.
The Fallbrook neighborhood demonstrates solid rental fundamentals with 95.2% occupancy rates ranking in the 72nd percentile nationally among 621 San Diego metro neighborhoods. The area maintains a balanced 51.8% renter-occupied housing share, ranking in the 89th percentile nationally, indicating strong rental demand dynamics. Median contract rents of $1,587 have grown 46.5% over five years, though affordability considerations may influence future lease management strategies given the rent-to-income ratio positioning.
Demographics within a 3-mile radius show a stable population base of approximately 30,800 residents with modest growth trends. The area features larger household sizes averaging 3.3 members, which aligns with family-oriented rental demand. Median household income of $90,143 provides reasonable rental affordability, while projected income growth to $118,501 by 2028 suggests improving tenant payment capacity over the investment horizon.
Built in 1979, this property aligns with the neighborhood's average construction vintage, which may present value-add renovation opportunities to enhance unit appeal and rental premiums. The area offers strong grocery access with 3.66 stores per square mile ranking in the 92nd percentile nationally, though limited park and cafe amenities may affect tenant retention considerations. Home values averaging $657,488 with 58.8% five-year appreciation reinforce rental demand by limiting ownership accessibility for many households.
Property crime rates in the neighborhood rank 411th among 621 San Diego metro neighborhoods, placing it near the middle of the metro distribution. The area experiences property offense rates of approximately 1,974 incidents per 100,000 residents, with recent trends showing a 2.8% increase year-over-year. Violent crime rates rank lower at 519th of 621 neighborhoods, indicating elevated levels compared to metro averages.
While crime metrics present considerations for tenant screening and property management protocols, the neighborhood's overall safety profile remains competitive within the broader San Diego region. Investors should factor security measures and tenant communication strategies into operational planning, particularly given the mixed safety indicators across different crime categories.
The property benefits from proximity to several major corporate employers within the greater San Diego region, supporting workforce housing demand and commute accessibility for professional tenants.
- Gilead Sciences — biotechnology (11.5 miles)
- Nrg Energy — energy services (17.2 miles)
- Sysco — food distribution (32.2 miles)
- Qualcomm — technology & telecommunications (32.5 miles) — HQ
- General Mills — consumer goods (32.8 miles)
This 30-unit Fallbrook property offers stable cash flow potential with neighborhood occupancy rates of 95.2% ranking in the 72nd percentile nationally. The 1979 construction vintage presents value-add renovation opportunities to capture rental premiums while maintaining alignment with neighborhood building stock. Multifamily property research indicates the area's 51.8% renter-occupied housing share supports sustained rental demand, while projected household income growth to $118,501 by 2028 enhances long-term tenant payment capacity.
The investment benefits from San Diego's established rental market dynamics, with home values averaging $657,488 reinforcing rental demand by limiting ownership accessibility. Demographic stability within the 3-mile radius, combined with proximity to major employers including Qualcomm and Gilead Sciences, supports workforce housing appeal and tenant retention potential.
- Strong occupancy fundamentals with 95.2% neighborhood rates ranking 72nd percentile nationally
- Value-add renovation potential with 1979 vintage offering unit upgrade opportunities
- Projected household income growth to $118,501 by 2028 supporting rent growth potential
- Elevated home values reinforce rental demand by limiting ownership accessibility
- Risk consideration: Mixed safety metrics require enhanced security and tenant screening protocols