| 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 | 1990 |
| Units | 95 |
| Transaction Date | --- |
| Transaction Price | $1,200,000 |
| Buyer | OWNERSHIP NAME INFORMATION |
| Seller | --- |
744 W Fallbrook St, Fallbrook Multifamily Investment
Neighborhood fundamentals point to steady renter demand and occupancy above national averages, according to WDSuite’s CRE market data. In an inner-suburban pocket of North County San Diego, this submarket’s stability and high-cost ownership context support durable leasing, informed by commercial real estate analysis rather than short-term noise.
Fallbrook sits within the San Diego–Chula Vista–Carlsbad metro and is rated C+ among 621 metro neighborhoods. The area is an inner suburb that skews residential with everyday conveniences nearby. Nationally, the neighborhood ranks strong for access to groceries and pharmacies (both above the 90th percentile) and restaurants (about the 90th percentile), while park and cafe density is limited. For investors, this mix favors daily-need retail and dining access but suggests fewer lifestyle amenities like parks and sit-down cafes within close proximity.
The neighborhood’s average construction year is 1977. With a 1990 vintage, the subject property is newer than much of the local stock, implying relative competitive positioning versus older assets. Investors should still plan for targeted system updates or modernization typical for late-1980s/1990s communities.
Occupancy in the neighborhood is above the national average and renter-occupied units account for a majority share of housing (about 52%). This renter concentration signals a deep tenant base and supports demand stability for multifamily. Rents have risen meaningfully over the past five years, and the rent-to-income profile (roughly one-fifth of income at the neighborhood level) suggests manageable affordability pressure that can aid retention and measured pricing power.
Within a 3-mile radius, demographics show population growth over the past five years alongside slightly larger average household sizes. Looking ahead, WDSuite data indicates a modest increase in population and a notable forecast increase in household counts by the next five-year window, expanding the renter pool and supporting occupancy stability. Income levels in the 3-mile area have grown, and the metro’s high-cost ownership backdrop (home values rank in the low-90s percentiles nationally with elevated value-to-income ratios) tends to reinforce reliance on rental housing, which can underpin lease-up velocity and renewal rates for well-positioned assets.
Safety metrics for this neighborhood trail national averages, with both property and violent offense rates positioned in lower national percentiles (safer neighborhoods score higher). Relative to many San Diego metro neighborhoods, this area is on the weaker side for safety. Recent year figures indicate an uptick in reported offenses, so prudent operators typically budget for enhanced lighting, access controls, and partnership with local public safety initiatives to support resident confidence and retention.
Proximity to regional employers supports a commuter renter base and leasing durability. Nearby anchors include biotech/pharma, energy, food production and distribution, and wireless technology offices that draw talent across North County and greater San Diego.
- Gilead Sciences — biotech/pharma (11.8 miles)
- NRG Energy — energy (17.6 miles)
- General Mills — food manufacturing (32.5 miles)
- Sysco — foodservice distribution (32.6 miles)
- Qualcomm — wireless & semiconductors (33.2 miles) — HQ
With 95 units built in 1990, the property offers scale and a vintage that is newer than the neighborhood’s prevailing 1970s stock, positioning it competitively versus older assets while leaving room for targeted value-add and system modernization. Neighborhood occupancy trends sit above national averages and the local renter-occupied share is a majority, indicating a deep tenant base and support for leasing stability. Elevated ownership costs in the metro reinforce reliance on rental housing, which can bolster renewal propensity and measured pricing power for well-run communities.
Within a 3-mile radius, population has grown and incomes have trended higher, and WDSuite’s CRE market data points to continued expansion in household counts over the next five years. Forecasts also indicate higher median contract rents at the neighborhood level, which, coupled with a rent-to-income profile near one-fifth, suggests scope for disciplined revenue management while monitoring affordability pressure and retention risk.
- 1990 vintage is newer than local averages, offering competitive positioning with selective renovation upside
- Above-average neighborhood occupancy and majority renter-occupied housing support demand depth and leasing stability
- High-cost ownership market in San Diego reinforces multifamily reliance, aiding retention and pricing power
- 3-mile demographics show growing incomes and forecast household expansion, supporting a larger tenant base
- Risks: safety metrics trail national averages and lifestyle amenities like parks/cafes are limited; plan for security, activation, and targeted capex