| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 83rd | Best |
| Demographics | 42nd | Poor |
| Amenities | 87th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 747 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 |
747 W Fallbrook St Fallbrook Multifamily Investment
Neighborhood occupancy is strong and renter demand is broad-based, according to WDSuite’s CRE market data, supporting stable income performance for well-run assets in this pocket of North San Diego County.
This Inner Suburb neighborhood in the San Diego–Chula Vista–Carlsbad metro scores A- overall and ranks 117 out of 621 metro neighborhoods, placing it above the metro median. Amenity access is a relative strength, with national percentiles in the 80s–90s for groceries, restaurants, cafes, parks, and childcare—helpful for day-to-day convenience and leasing appeal.
Multifamily fundamentals at the neighborhood level indicate resilience. Neighborhood occupancy is elevated (top quartile nationally), and the share of housing units that are renter-occupied is substantial at the neighborhood level, signaling depth in the tenant base and support for leasing velocity. Median contract rents in the neighborhood sit in the upper national percentiles, and home values are also elevated, which tends to sustain rental demand and can support pricing power for well-positioned properties.
Within a 3-mile radius, population has grown over the last five years with further modest expansion forecast, and household sizes have edged higher. These dynamics point to a larger tenant base and family-oriented demand that can support occupancy stability. School ratings trend above the national median (around the 70th percentile), which can enhance neighborhood stickiness for households seeking longer-term rentals.
The property’s 1987 vintage is newer than the neighborhood’s average construction year of 1972. For investors, that typically means a more competitive baseline versus older stock, while still allowing room for targeted renovations or systems updates to drive rent premiums relative to legacy properties nearby.
For context, neighborhood-level NOI per unit performance and amenity density are competitive on a national basis, according to CRE market data from WDSuite, aligning with the area’s high occupancy and elevated home values—factors that together can underpin retention and manageable rollover risk with professional lease management.
Safety metrics at the neighborhood level trend below both metro and national benchmarks. Based on WDSuite’s data, the neighborhood sits in the lower national percentiles for safety, indicating higher reported offense rates relative to many U.S. neighborhoods. Within the metro, its crime rank places it in a weaker cohort compared with most of the 621 neighborhoods.
For investors, this calls for standard risk management: emphasize professional on-site practices, lighting and access controls, and thoughtful tenant screening to support resident experience and retention. Monitoring year-over-year trends remains prudent to assess whether conditions are stabilizing or require enhanced operating measures.
Proximity to life sciences, energy, food distribution, and technology employers supports a diversified renter base and commute-friendly housing demand at the submarket level. Notable nearby employers include Gilead Sciences, NRG Energy, General Mills, Sysco, and Qualcomm (HQ).
- Gilead Sciences — biotechnology (11.8 miles)
- NRG Energy — energy services (17.6 miles)
- General Mills — food & consumer products (32.5 miles)
- Sysco — food distribution (32.6 miles)
- Qualcomm — wireless technology (33.3 miles) — HQ
747 W Fallbrook St is a 25‑unit asset positioned in a neighborhood that ranks above the metro median and posts top‑quartile national occupancy at the neighborhood level. Elevated neighborhood home values and competitive amenity access help support renter reliance on multifamily housing, translating into durable demand and manageable rollover risk for well-operated properties. According to CRE market data from WDSuite, neighborhood rents track in higher national percentiles while occupancy remains strong—favorable conditions for a disciplined hold or targeted value‑add plan.
Built in 1987, the property is newer than the neighborhood’s average vintage, offering relative competitiveness versus older stock and scope for selective renovations or modernization to capture premiums. Within a 3‑mile radius, population growth and rising household sizes point to a larger renter pool, which can underpin leasing stability. Operators should balance pricing strategy with vigilance on rent‑to‑income dynamics and local safety conditions.
- Neighborhood occupancy is strong (top quartile nationally), supporting income stability.
- 1987 vintage offers competitive positioning versus older local stock with value‑add potential.
- Elevated neighborhood home values reinforce renter reliance on multifamily housing and pricing power.
- 3‑mile demographics indicate a growing renter base and larger households, aiding retention.
- Risks: below‑average safety metrics and affordability pressure require disciplined operations and leasing oversight.