$ 1,599,000
331 S Main AVE Fallbrook, CA 92028
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$ 1,599,000
Est. payment | /mo
8,799 Sqft Lot
$ 1,599,000
Est. payment | /mo
8,799 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
MLS Listing ID PTP2406335
HOA Y/N No
Year Built 1920
Lot Size 8,799 Sqft
Property Description
331 S Main Ave is an apartment complex located in the heart of Fallbrook. The property consists of 5 permitted units and 3 additional bootleg rentals, for a total of 8. There are 5 two-bedroom and one-bath units, 2 studios, and 1 one-bedroom one bath unit. In 2023, the units were significantly renovated inside and out. For the exterior the ownership put on new roofs, siding, dual pane windows, fencing, paint, artifcial turf, and drought-tolerant landscaping. Interior there are new kitchen cabinets, counter tops, flooring, paint, sinks, and vanities. Based on in place income of approx. $14,000 a month this turn-key investment offers it all, cash flow without any heavy repositioning.
Location
State CA
County San Diego
Area 92028 - Fallbrook
Zoning FBV4
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Gutter(s), Sidewalks
View Y/N No
Private Pool No
Building
Lot Description Front Yard, Lawn, Landscaped, Near Public Transit, Yard
Story 2
Sewer Public Sewer
Others
Senior Community No
Tax ID 1040521400
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Listed by Cody Evans • South Coast Commercial Inc.
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Shireen Ferguson
REALTOR® | Lic# DRE# 01871452