| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 32nd | Poor |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 713 Alturas Ln, Fallbrook, CA, 92028, US |
| Region / Metro | Fallbrook |
| Year of Construction | 1987 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | $1,150,000 |
| Buyer | PCI MANAGEMENT LLC |
| Seller | HARRIS CRAIG W |
713 Alturas Ln Fallbrook Multifamily Investment
This 24-unit property offers strong rental demand fundamentals in a neighborhood where 52% of housing units are renter-occupied, well above national averages. According to CRE market data from WDSuite, the area maintains competitive occupancy rates and benefits from established rental market dynamics.
Located in Fallbrook's inner suburban market, this neighborhood ranks in the top quartile nationally for rental housing concentration, with 52% of units occupied by renters compared to typical suburban markets. The area demonstrates solid rental fundamentals with a 95% neighborhood-level occupancy rate and median contract rents of $1,587, positioning it competitively within the broader San Diego metro.
Demographics within a 3-mile radius show a stable tenant base with household incomes averaging $101,164 and moderate rent-to-income ratios supporting affordability. The neighborhood maintains strong amenity access with above-average grocery store density (92nd percentile nationally) and pharmacy availability (93rd percentile), factors that support tenant retention in multifamily properties.
Built in 1987, this property aligns with the neighborhood's average construction vintage of 1977, suggesting consistent building stock without significant capital expenditure pressures from aging infrastructure. Forward-looking demographic projections indicate household income growth of 54% through 2028, expanding the potential renter pool while maintaining rental demand depth in this established suburban market.
Crime metrics for this neighborhood indicate elevated property offense rates compared to regional and national benchmarks, ranking in the lower quartile among the San Diego metro's 621 neighborhoods. Violent crime rates also track above typical suburban levels, suggesting investors should factor security considerations into property management and tenant screening protocols.
While crime trends present challenges, the neighborhood's established residential character and strong rental occupancy rates indicate that local market dynamics continue to support multifamily operations. Investors may consider enhanced security measures or property improvements as part of value-add strategies to differentiate the asset and support premium positioning.
The surrounding employment base includes significant corporate presence within commuting distance, anchored by major technology and life sciences employers that support workforce housing demand.
- Gilead Sciences — biotechnology and pharmaceuticals (11.6 miles)
- NRG Energy — energy services (17.4 miles)
- Sysco — food distribution services (32.4 miles)
- Qualcomm — technology and telecommunications (32.6 miles) — HQ
- General Mills — consumer goods manufacturing (32.7 miles)
This 24-unit property capitalizes on established rental market fundamentals in a neighborhood where rental housing comprises 52% of all units, well above typical suburban concentrations. The 1987 construction year positions the asset for potential value-add opportunities while avoiding the capital intensity of significantly older properties. Commercial real estate analysis from WDSuite indicates neighborhood-level occupancy rates of 95% with rent growth trends supporting operational stability.
Demographic projections show household income growth of 54% through 2028 within a 3-mile radius, expanding the qualified renter pool while current rent-to-income ratios remain manageable. The property benefits from proximity to major employment centers including Qualcomm's headquarters and Gilead Sciences, supporting consistent tenant demand from the regional workforce.
- Strong rental housing concentration (52% of neighborhood units) supports demand depth
- 95% neighborhood occupancy rate indicates market stability
- 1987 vintage offers value-add potential without major capital requirements
- Projected 54% household income growth expands qualified tenant base
- Crime metrics require enhanced security considerations and management protocols