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Three Detached Homes on One Lot
For Sale
$1,095,000

537 Deluz Rd, Fallbrook, CA 92028

Three detached cottage-style homes in Fallbrook's strong rental market.

Property Size1,700 SF
Price / SF$644.12
Days on Market283

Property Features for 537 Deluz Rd

General Information

Standard status Active
Size 1,700 SF
Property subtype Multi-Family

Building Details

Year Built 1960
Listing Agency: Apartment Realty Group (ARG)
Listed By: Angelo Joseph La Bruna III angelo.labruna@arg1031.com · License #01991625
Source: Viewsandiegorealestate
Added: Jan 4 Changed: Oct 1 Last Checked: Oct 12 at 8:33PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Apartment Realty Group (ARG)

Investment Insights

Based on property information with market context.

This property features three detached cottage-style homes situated on a single lot, located in a strong rental market. There are two detached houses with 2 bedrooms and 1 bathroom each, in addition to one detached studio. All units include private yards, in-unit laundry facilities, and off-street parking. The property is well-maintained and generates high income. Each unit is separately metered for SDGE and submetered for water. The location is within walking distance to downtown Fallbrook and near Ammunition Rd, providing direct access to Camp Pendleton. The walk score is 82, indicating it is very walkable, and the bike score is 40, indicating it is somewhat bikeable.

Key Highlights

  • High income property with three detached cottage style homes on one lot
  • Fantastic location in one of San Diego’s strongest rental markets
  • Two 2bdrm/1bthrm houses plus one detached studio, all with private yards, in‑unit laundry, & off‑street parking

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Locksmith Catering Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Pharmacy Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

991
Businesses Nearby

Demographics for 92028, CA

51,614
Population
17,985
Households
2.9
Avg Household Size
41
Median Age
35%
College-Educated
87%
High-School Grad
116.7 sq mi
ZIP Area
442
Density / Sq Mi
$102,346
Median Household Income
$46,862
Median Earnings
$1,743
Median Rent
$781,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Three detached cottage-style homes in Fallbrook's strong rental market.
Where is this multifamily property located?
The property is located at 537 Deluz Rd Fallbrook, CA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: High income property with three detached cottage style homes on one lot; Fantastic location in one of San Diego’s strongest rental markets; Two 2bdrm/1bthrm houses plus one detached studio, all with private yards, in‑unit laundry, & off‑street parking
More about this property
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