| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 32nd | Poor |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 745 Alturas Ln, Fallbrook, CA, 92028, US |
| Region / Metro | Fallbrook |
| Year of Construction | 1988 |
| Units | 23 |
| Transaction Date | 2005-05-11 |
| Transaction Price | $2,580,000 |
| Buyer | BEACHFRONT |
| Seller | GOODWIN ESPERANZA |
745 Alturas Ln Fallbrook Multifamily Opportunity
Neighborhood occupancy around 95% and a renter-occupied share above the metro median point to durable tenant demand, according to WDSuite's CRE market data. Elevated ownership costs in North County San Diego further support leasing resilience for well-positioned assets.
Situated in Fallbrook's inner-suburban fabric of the San Diego metro, the property benefits from neighborhood-level stability and everyday convenience. Grocery and pharmacy access ranks strong versus peers in the region, while restaurants are competitive; parks and cafe density are lighter, so on-site amenities and curb appeal can be meaningful differentiators for leasing.
The neighborhood's renter-occupied share is above the metro median, indicating a deep tenant base for multifamily. Neighborhood occupancy is in the mid-90% range and above many areas nationally, supporting steady absorption and retention. Median contract rents sit well above national norms, yet the local rent-to-income ratio is moderate by coastal standards—a mix that can sustain demand while leaving room for disciplined pricing strategies.
Vintage matters: built in 1988, this asset is newer than the neighborhood's average 1970s housing stock. That positioning can help competitiveness against older comparables, while still warranting selective system upgrades and interior refreshes to capture value-add upside and support rent premiums.
Within a 3-mile radius, recent population growth and rising incomes expand the renter base, and forward-looking estimates point to continued population and household gains. Forecasts indicate rising contract rents and higher mean incomes over the next five years, reinforcing the case for thoughtful renovations and amenity programming to meet demand. These dynamics, based on multifamily property research from WDSuite, suggest potential for stable occupancy with targeted operational improvements.
Safety indicators for the neighborhood track below national medians, with violent and property offense rates placing it behind many U.S. neighborhoods. Compared with other areas in the San Diego–Chula Vista–Carlsbad metro, it is not among the top quartile for safety; investors typically account for this with enhanced lighting, access control, and resident engagement.
Recent year-over-year trends show an uptick in violent incidents alongside elevated property crime levels. While conditions can vary by block and property operations, underwriting should incorporate security planning and partnership with local resources, and monitor trend direction as part of ongoing asset management.
Regional employment anchors within commuting range support renter demand and retention, led by biotech, energy, food distribution, consumer goods, and technology. The following nearby employers underpin a diverse workforce relevant to workforce and market-rate housing.
- Gilead Sciences — biotech (11.6 miles)
- NRG Energy — energy (17.4 miles)
- Sysco — foodservice distribution (32.4 miles)
- General Mills — consumer packaged goods (32.7 miles)
- Qualcomm — semiconductors & telecom (33.0 miles) — HQ
This 23-unit, 1988-vintage asset offers a balanced value-add profile in North County San Diego. Relative to the neighborhood's older 1970s stock, the property starts from a newer baseline that can compete well with selective renovations, while neighborhood occupancy in the mid-90% range supports leasing stability. Elevated home values in the area tend to reinforce renter reliance on multifamily housing, which can aid retention and pricing power when paired with disciplined operations.
Within a 3-mile radius, recent population gains and rising incomes signal a larger tenant base ahead, with forecasts calling for additional household growth and rising rents—factors that can support occupancy and measured rent steps. According to commercial real estate analysis from WDSuite, the neighborhood's renter concentration and competitive amenity access (notably groceries, pharmacies, and restaurants) further underpin steady demand, though investors should plan for security measures and asset-level enhancements given below-median safety readings.
- Newer-than-neighborhood vintage (1988) creates value-add and modernization upside versus older local stock
- Mid-90% neighborhood occupancy and above-median renter-occupied share support demand depth and retention
- Elevated home values in North County San Diego sustain multifamily demand and pricing flexibility
- 3-mile growth in population and incomes, with projected rent gains, supports a durable tenant base
- Risks: below-national safety percentiles and lighter parks/cafe access call for security and amenity-focused asset strategy