| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 32nd | Poor |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 519 Ammunition Rd, Fallbrook, CA, 92028, US |
| Region / Metro | Fallbrook |
| Year of Construction | 1990 |
| Units | 86 |
| Transaction Date | --- |
| Transaction Price | $2,100,000 |
| Buyer | OWNERSHIP NAME INFORMATION |
| Seller | --- |
519 Ammunition Rd Fallbrook Multifamily Investment
Neighborhood occupancy is strong and renter demand is resilient, according to WDSuite’s CRE market data, supporting stable cash flow potential for a well-located 86-unit asset in northern San Diego County.
Located in Fallbrook within the San Diego–Chula Vista–Carlsbad metro, the neighborhood rates C+ and ranks 381 out of 621 metro neighborhoods, making it competitive among San Diego–area locations for workforce-oriented multifamily. Occupancy at the neighborhood level has remained elevated, and a roughly even split of housing units that are renter-occupied indicates a broad tenant base that can support leasing continuity.
Daily-needs access is a relative strength: grocery and pharmacy availability place the area in the upper tier nationally, while restaurant density is also above national norms. By contrast, cafes and park access are limited, which may temper lifestyle appeal relative to more urban submarkets. For investors, the amenity mix points to practical convenience over destination retail—suited to retention and steady leasing rather than premium rent positioning.
The property’s 1990 construction is newer than the neighborhood’s average vintage (1977). That positioning typically provides a competitive edge versus older stock, though investors should still plan for modernization of aging systems and potential common-area upgrades to meet current renter expectations.
Within a 3-mile radius, demographics show recent population growth and rising incomes, with projections calling for further household expansion through the forecast period. Elevated home values relative to national benchmarks in San Diego County point to a high-cost ownership market, which tends to sustain multifamily demand and support occupancy and renewal stability. Rent-to-income figures in this area suggest manageable affordability pressure, which can aid tenant retention and reduce turnover risk.
Safety metrics for the neighborhood compare unfavorably to many U.S. neighborhoods, with national percentiles indicating elevated incident rates—particularly for violent offenses, which are in a lower national percentile (less safe) compared with peers. Within the San Diego–Chula Vista–Carlsbad metro, the neighborhood’s crime rank positions it below the metro median (ranked 519 out of 621), signaling that prudent measures—such as well-lit common areas, access control, and insurance review—should be part of asset planning.
Investors should frame these indicators as manageable operational considerations rather than deal-breakers: targeted property-level security, resident screening, and partnerships with local law enforcement can help support tenant experience and leasing stability over time.
Proximity to a diversified employment base—including life sciences, energy, logistics, consumer goods, and technology—supports renter demand via reasonable commutes and a broad set of wage earners likely to rent nearby.
- Gilead Sciences — life sciences (11.5 miles)
- Nrg Energy — energy (17.2 miles)
- Sysco — foodservice distribution (32.3 miles)
- General Mills — consumer packaged goods (32.8 miles)
- Qualcomm — technology & wireless (32.9 miles) — HQ
519 Ammunition Rd offers scale at 86 units in a neighborhood that has sustained high occupancy and practical amenity access. According to CRE market data from WDSuite, the area’s renter-occupied share and elevated neighborhood occupancy support a deep tenant base and leasing durability. Elevated home values across San Diego County reinforce renter reliance on multifamily housing, which can underpin pricing power when paired with disciplined lease management.
Built in 1990, the asset is newer than much of the surrounding housing stock, suggesting relative competitiveness versus older properties while still warranting capital planning for systems and common-area refreshes. Within a 3-mile radius, recent population gains and projected household growth point to a larger tenant base ahead, supporting occupancy stability and long-term demand fundamentals.
- High neighborhood occupancy and balanced renter concentration support stable leasing
- 1990 vintage offers competitive positioning versus older submarket stock, with value-add potential via modernization
- Elevated regional home values sustain multifamily demand and renewal potential
- 3-mile demographics indicate population growth and projected household expansion, reinforcing tenant base depth
- Risks: below-average safety metrics and limited park/cafe amenities require focused operations and resident experience strategy