| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 32nd | Poor |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 744 W Fallbrook St, Fallbrook, CA, 92028, US |
| Region / Metro | Fallbrook |
| Year of Construction | 1989 |
| Units | 95 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
744 W Fallbrook St Multifamily Investment, Fallbrook CA
Neighborhood occupancy trends sit above national medians and support stable renter demand for professionally managed assets, according to WDSuite’s CRE market data.
The property sits in an Inner Suburb location within the San Diego–Chula Vista–Carlsbad metro, where neighborhood occupancy is above the national median and renter-occupied housing represents a slight majority of units (51.8%). For investors, this indicates a reasonably deep tenant base and supports day-to-day leasing stability, with scope to manage pricing and retention through standard renewal strategies.
Amenity access skews practical over lifestyle: grocery and pharmacy density ranks strong within the metro and is competitive nationally, while restaurants are available but parks and cafés are limited. This mix favors convenience-driven renters and workforce households, suggesting marketing that emphasizes essentials, commute routes, and services rather than premium recreation.
Within a 3-mile radius, demographics point to a growing renter pool: population increased over the last five years and is projected to expand further, with median incomes rising and households expected to increase. These trends typically translate into a larger tenant base and support for occupancy, though operators should calibrate renewal targets as the local tenure mix may tilt modestly toward ownership over the forecast period.
Ownership costs are elevated relative to incomes in this part of North County, and home values rank high nationally. That dynamic tends to sustain reliance on multifamily housing, reinforcing pricing power for well-maintained assets. Rent-to-income levels sit in a range that supports lease retention, but operators should still monitor affordability pressure when considering upgrades and rent steps.
The asset’s 1989 vintage is newer than the neighborhood’s average construction year (1977), which generally provides a competitive edge versus older stock. Investors should still plan for selective modernization of interiors and building systems to position against newer deliveries and sustain NOI growth.
Safety metrics for the neighborhood trail both metro and national norms. Based on the latest data, violent and property offense rates place the area in lower national percentiles, and the neighborhood ranks in the lower tier within the San Diego metro (out of 621 neighborhoods). Year over year, estimated violent offenses increased, while property offenses saw a modest uptick. Investors typically mitigate these factors through lighting, access control, and visible property management, and by emphasizing convenience to daily needs that support resident satisfaction.
Proximity to diversified employers supports renter demand from a broad workforce, with commuting access to life sciences, energy, food distribution, and technology roles reflected below.
- Gilead Sciences — biotechnology R&D (11.8 miles)
- NRG Energy — energy services (17.6 miles)
- General Mills — food manufacturing offices (32.5 miles)
- Sysco — foodservice distribution (32.6 miles)
- Qualcomm — semiconductor & wireless (33.2 miles) — HQ
744 W Fallbrook St is a 95-unit 1989-vintage community positioned in a neighborhood where occupancy performance is above the national median and renter concentration is slightly more than half of housing units. Elevated local home values reinforce renter reliance on multifamily, supporting pricing power for well-maintained assets. The property’s vintage is newer than the area’s average stock, offering a relative competitive advantage while still presenting value-add opportunities through targeted upgrades to interiors and building systems.
Within a 3-mile radius, population growth over the past five years and projected increases in households point to a larger tenant base over time, which supports occupancy stability and renewal execution. According to CRE market data from WDSuite, neighborhood-level rents and incomes have trended upward, suggesting scope for disciplined revenue management while keeping an eye on affordability and tenure shifts that could increase competition from ownership options.
- Occupancy above national median supports steady leasing and renewal strategies.
- 1989 vintage is newer than neighborhood average, with practical modernization upside.
- High home values sustain rental demand, aiding pricing power for quality product.
- 3-mile radius shows population and household expansion, enlarging the renter pool.
- Risks: safety metrics below metro and national norms; limited parks/cafés; monitor affordability and tenure shifts.