| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 74th | Fair |
| Demographics | 35th | Poor |
| Amenities | 23rd | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 920 E Mission Rd, Fallbrook, CA, 92028, US |
| Region / Metro | Fallbrook |
| Year of Construction | 1974 |
| Units | 80 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
920 E Mission Rd Fallbrook Multifamily Investment
This 80-unit property built in 1974 sits in a suburban neighborhood where occupancy rates of 94.2% reflect stable rental demand despite limited amenities. CRE market data from WDSuite shows the area maintains strong renter retention with 39% of housing units occupied by tenants.
The Fallbrook neighborhood demonstrates mixed fundamentals for multifamily investors, ranking 548th among 621 San Diego metro neighborhoods with a C- overall rating. While amenity density remains limited—with no cafes, grocery stores, or parks per square mile—the area maintains a 94.2% occupancy rate that outperforms many comparable suburban markets. Median contract rents of $1,516 position the neighborhood in the 79th national percentile, indicating competitive pricing power relative to income levels.
Demographics within a 3-mile radius show a population of approximately 31,400 residents with household income averaging $80,012. The area's 46.2% renter-occupied housing share supports sustained rental demand, while projected household growth of 28.2% through 2028 could expand the tenant pool. Home values averaging $606,149 represent the 89th national percentile, reinforcing rental demand as elevated ownership costs keep households in the multifamily market.
The property's 1974 construction year aligns with the neighborhood average, presenting potential value-add opportunities through strategic renovations and unit upgrades. Rent growth of 32.3% over five years demonstrates the market's ability to absorb increases, though investors should monitor affordability dynamics as the rent-to-income ratio sits at 0.25. Restaurant density of 2.21 per square mile provides moderate tenant amenities, while the suburban setting appeals to families seeking larger household accommodations.
Safety metrics present a mixed profile for the Fallbrook area. Property crime rates of 747 incidents per 100,000 residents rank 136th among 621 metro neighborhoods, placing the area in the 29th national percentile. While this indicates higher property crime relative to national averages, the trend shows improvement with a 5.3% decrease over the past year.
Violent crime rates of 243 incidents per 100,000 residents rank 316th among metro neighborhoods, corresponding to the 17th national percentile. However, violent crime has increased 22.7% year-over-year, warranting attention from investors conducting due diligence. These metrics should be evaluated alongside local police response times and community safety initiatives when assessing long-term tenant retention and property management considerations.
The Fallbrook area benefits from proximity to major corporate employers in the broader San Diego region, supporting workforce housing demand from commuting professionals.
- Gilead Sciences — biotechnology (12.7 miles)
- NRG Energy — energy services (18.4 miles)
- General Mills — consumer goods (31.8 miles)
- Qualcomm — technology & telecommunications (33.8 miles) — HQ
- Celgene Corporation — biotechnology (34.6 miles)
The 920 E Mission Road property offers value-add potential within a stable rental market characterized by strong occupancy fundamentals. According to multifamily property research from WDSuite, the neighborhood's 94.2% occupancy rate and 39% renter-occupied housing share indicate consistent tenant demand despite limited walkable amenities. The 1974 construction vintage presents renovation opportunities to capture rent premiums, particularly given the market's demonstrated ability to absorb 32.3% rent growth over five years.
Demographic projections show household growth of 28.2% through 2028, expanding the potential tenant base while median home values in the 89th national percentile reinforce rental demand by keeping ownership costs elevated. The suburban location appeals to families seeking larger units, supported by the area's 3.5 average household size. However, investors should monitor crime trends and evaluate capital expenditure requirements given the property's 50-year vintage.
- Strong 94.2% neighborhood occupancy rate indicates stable rental demand
- 28.2% projected household growth through 2028 expands tenant pool
- Value-add potential through strategic renovations of 1974-vintage units
- High home values in 89th percentile support rental market retention
- Risk: Property crime rates above national average require monitoring