| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 75th | Fair |
| Demographics | 32nd | Poor |
| Amenities | 60th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 901 Alturas Rd, Fallbrook, CA, 92028, US |
| Region / Metro | Fallbrook |
| Year of Construction | 2004 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
901 Alturas Rd Fallbrook 80-Unit Multifamily Investment
Neighborhood occupancy has held firm and renter concentration is substantial, suggesting durable tenant demand in North County 9, according to WDSuite s CRE market data.
This inner-suburban pocket of Fallbrook sits in the San Diego Chula Vista Carlsbad metro with a mid-pack neighborhood rating (C+), where day-to-day amenities lean practical rather than lifestyle-driven. Grocery and pharmacy access ranks strong metro-wide and in the top quartile nationally, while restaurants are well-represented; by contrast, parks and caf e9 density are limited. For investors, that mix supports everyday convenience for residents even if destination retail is less of a draw.
At the neighborhood level, occupancy is above national norms and renter-occupied share is elevated, pointing to a deep tenant base and support for leasing stability. Neighborhood income performance per unit is competitive among San Diego neighborhoods, and median contract rents have outpaced the prior five years, indicating pricing power has been achievable without materially disrupting demand.
Within a 3-mile radius, population has increased in recent years and is projected to continue modestly, with households expected to grow and average household size edging higher. This trajectory suggests a larger tenant base and continued absorption potential for multifamily, particularly for well-managed assets focused on retention and pragmatic unit mixes.
Home values in the neighborhood benchmark high versus national peers, and the value-to-income relationship is elevated. In practice, that high-cost ownership backdrop tends to reinforce reliance on rental housing and can support rent integrity, while a relatively moderate rent-to-income profile points to manageable affordability pressure and potential for steadier renewals.
Vintage also matters: with the average neighborhood construction year in the late 1970s, a 2004-built asset like 901 Alturas Rd positions newer than much of the local stock a competitive edge that can aid leasing and reduce near-term capital intensity, while still warranting targeted system upgrades as the asset moves through its second decade.
Safety indicators for the immediate neighborhood trend below both metro and national benchmarks, with property and violent offense rates comparing in the lower national percentiles. In metro context, the area performs below the median among San Diego neighborhoods, so investors should underwrite conservative operating protocols (lighting, access control, and resident engagement) and align security measures with on-the-ground management practices.
Recent data also show a year-over-year uptick in violent offenses at the neighborhood level. While conditions can vary block to block, prudent underwriting would incorporate this trend into staffing, insurance, and CAPEX planning without assuming rapid improvement.
Proximity to a diversified employment base supports workforce housing demand and commute convenience for residents, with notable reach into biotech, energy, food distribution, packaged foods, and telecom/semiconductors.
- Gilead Sciences biotech/pharma (11.8 miles)
- NRG Energy energy (17.5 miles)
- Sysco food distribution (32.5 miles)
- General Mills packaged foods (32.6 miles)
- Qualcomm telecom & semiconductors (33.2 miles) HQ
901 Alturas Rd is an 80-unit, 2004-vintage asset in a neighborhood with steady renter demand, supported by above-national occupancy and a high renter-occupied share at the neighborhood level. High ownership costs locally tend to sustain reliance on rental housing, while rent-to-income levels indicate manageable affordability pressure that can aid retention. According to CRE market data from WDSuite, grocery, pharmacy, and restaurant access are strengths, and the asset s newer vintage versus the area s older stock provides a competitive leasing position with selective value-add potential.
Within a 3-mile radius, population growth and a projected increase in households point to a larger tenant base over the next five years, reinforcing occupancy stability for well-operated properties. Key underwriting considerations include neighborhood safety metrics that trail metro and national averages and a relative lack of park/caf e9 density, both of which place added importance on on-site amenities and professional management.
- Newer 2004 construction versus older neighborhood stock supports leasing and moderates near-term CAPEX.
- Strong neighborhood occupancy and elevated renter concentration indicate depth of tenant demand.
- High-cost ownership market underpins rental reliance and pricing power with balanced rent-to-income.
- 3-mile population and household growth expand the renter pool, supporting absorption and renewals.
- Risks: below-average safety metrics and limited park/caf e9 density require strong on-site management and amenity strategy.