| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 42nd | Poor |
| Amenities | 87th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 795 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 |
795 W Fallbrook St Fallbrook Multifamily Investment
This 25-unit property built in 1987 sits in a neighborhood with 98.8% occupancy and strong rental demand fundamentals, according to CRE market data from WDSuite.
Fallbrook's investment fundamentals reflect a stable inner suburb environment with 98.8% neighborhood occupancy, ranking in the top 7% of neighborhoods nationally. The area demonstrates strong rental demand with 58.2% of housing units renter-occupied, significantly above national averages and supporting consistent lease-up velocity for multifamily properties.
Demographic data within a 3-mile radius shows 30,323 residents with a median household income of $76,511, though this represents modest growth compared to broader metro trends. The population is forecast to increase 1.8% through 2028, with household formation supporting rental demand. Current median rents of $1,734 maintain reasonable affordability ratios, though investors should monitor renewal dynamics as home values averaging $607,945 keep many households in the rental market.
The neighborhood benefits from above-average amenity density, ranking in the 88th percentile nationally with 3.56 grocery stores and 6.23 restaurants per square mile. School ratings average 3.3 out of 5, placing the area in the 70th percentile nationally. The 1987 construction year aligns with neighborhood averages, suggesting potential value-add opportunities through strategic renovations and unit upgrades.
Safety metrics present mixed signals requiring careful evaluation. The neighborhood ranks 585th among 621 metro neighborhoods for overall crime, placing it in the bottom quartile locally. Property offense rates and violent crime trends have shown recent increases, with property offenses up 19.5% year-over-year and violent offenses rising 40.7%.
These trends warrant attention in tenant retention strategies and may influence leasing velocity. Investors should factor security considerations into capital planning and consider community safety initiatives as part of property management protocols.
The San Diego metro employment base provides diverse corporate anchors within commuting distance, supporting workforce housing demand in the Fallbrook submarket.
- Gilead Sciences — biotechnology (11.8 miles)
- Nrg Energy — energy services (17.6 miles)
- General Mills — consumer goods (32.5 miles)
- Qualcomm — technology — HQ (33.3 miles)
- Celgene Corporation — pharmaceuticals (34.0 miles)
This 25-unit property capitalizes on Fallbrook's exceptional occupancy fundamentals, with neighborhood-level occupancy at 98.8% ranking in the top 7% nationally. The 1987 vintage presents value-add potential through strategic renovations, while the area's 58.2% renter-occupied housing units indicate sustained rental demand. Commercial real estate analysis shows median rents of $1,734 maintain affordability within the local income profile, supporting lease retention and renewal rates.
Demographic projections within the 3-mile radius forecast modest population growth of 1.8% through 2028, with household formation trends supporting multifamily demand. The San Diego metro's diverse employment base, anchored by major corporations like Qualcomm and Gilead Sciences, provides workforce stability. However, recent crime trends and below-average income growth require active management attention and may influence tenant retention strategies.
- Exceptional 98.8% neighborhood occupancy ranking top 7% nationally
- Strong rental demand with 58.2% of housing units renter-occupied
- Value-add potential through 1987 vintage renovation opportunities
- Proximity to major San Diego employment anchors supporting workforce housing
- Risk consideration: Recent crime increases require enhanced security protocols