Building Details

Year Built 1960

Listing Agency: Apartment Realty Group (ARG)

Listed By: Angelo Joseph La Bruna III angelo.labruna@arg1031.com · License #01991625 Show Phone

Source: Viewsandiegorealestate

Added: Jan 4 Changed: Oct 1 Last Checked: Oct 20 at 9:38PM

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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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Location Intelligence

Trade Area within ½ mile

991

Businesses Nearby

Explore this area Business Placement

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

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