| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 32nd | Poor |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 735 W Fallbrook St, Fallbrook, CA, 92028, US |
| Region / Metro | Fallbrook |
| Year of Construction | 1987 |
| Units | 25 |
| Transaction Date | 2010-03-12 |
| Transaction Price | $6,000,000 |
| Buyer | DJS PROPERTIES GROUP LP |
| Seller | FALLBROOK VILLAGE LLC |
735 W Fallbrook St, Fallbrook Multifamily Investment
Neighborhood occupancy is 95.2%, supporting income stability for a 25-unit asset, according to WDSuite’s CRE market data. Renter-occupied housing comprises roughly half of local units, indicating a durable tenant base for multifamily operations.
Located in Fallbrook’s Inner Suburb context within the San Diego metro, the neighborhood carries a C+ rating and is competitive among San Diego neighborhoods for amenities (rank 187 out of 621). Nationally, grocery and pharmacy access sit in the low-90s percentiles, with restaurants also strong; by contrast, cafes and parks are limited, which operators should consider in resident-experience programming.
For income durability, the neighborhood’s occupancy is 95.2% (72nd percentile nationally), signaling generally steady renter demand and potential for lease retention. Tenure data show 51.8% of housing units are renter-occupied, indicating a sizable tenant pool that supports absorption and renewals without relying solely on in-migration.
Within a 3-mile radius, population expanded over the last five years while household counts edged lower, implying larger household sizes; projections indicate households will increase by 2028, which would expand the renter base and support occupancy stability. Income levels are trending higher, offering support for rent positioning as new households form and upgrade within the area.
Ownership costs are elevated (home values and value-to-income metrics in the low-90s national percentiles), which tends to sustain reliance on multifamily housing and can aid lease retention. A rent-to-income ratio near 0.21 points to manageable affordability pressure, supporting pricing discipline and reducing turnover risk relative to higher-burden locations.
Vintage context: The property’s 1987 construction is newer than the neighborhood’s average 1977 vintage, enhancing competitiveness versus older stock; targeted modernization and systems updates can further strengthen positioning against 1970s-era comparables.
Safety indicators trend weaker than national benchmarks, and the area ranks toward the lower end within the San Diego metro (crime rank 519 out of 621). Nationally, the neighborhood sits in lower percentiles for both violent and property offenses, so underwriting should account for prudent security measures and operational oversight.
Recent year-over-year estimates indicate an increase in violent incidents alongside relatively elevated property offenses. Investors should calibrate expectations for insurance and asset management with a comparative lens (neighborhood vs. metro and national trends) rather than block-level assumptions.
Nearby employers span biotech, energy, food distribution, consumer goods, and technology—an employment base that supports workforce housing demand and commuting convenience for residents.
- Gilead Sciences — biotech/pharma (12.0 miles)
- NRG Energy — energy (17.7 miles)
- Sysco — food distribution (32.3 miles)
- General Mills — consumer foods (32.5 miles)
- Qualcomm — wireless & semiconductors (33.1 miles) — HQ
735 W Fallbrook St offers durable renter demand supported by a neighborhood occupancy of 95.2% and a renter share near half of units, while elevated ownership costs in the area reinforce reliance on multifamily housing. Based on CRE market data from WDSuite, the submarket’s amenity profile is competitive within the metro for daily-needs access, which can aid resident retention and day-to-day livability.
Built in 1987, the asset is newer than the neighborhood’s 1970s average, providing relative competitiveness versus older stock and potential value-add through targeted modernization. Within a 3-mile radius, recent population growth and rising incomes, alongside projected household expansion through 2028, point to a larger tenant base that can support occupancy stability and measured rent positioning.
- Occupancy at 95.2% and sizable renter-occupied share support demand stability and renewals.
- Elevated home values and high value-to-income metrics sustain renter reliance and pricing power.
- 1987 vintage offers competitive positioning versus older stock with value-add upgrade potential.
- 3-mile trends show population and income growth with projected household gains, supporting a deeper tenant base.
- Risks: below-average safety metrics and limited parks/cafes call for prudent underwriting and operations planning.