331 S Main AVE, Fallbrook, CA 92028 – PTP2406337

$1,500,000

$1,599,000

6.2%

Est.Price: ?

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Est. payment -/mo

11 Beds

8 Baths

2,582 SqFt

SOLD DATE : 11/21/2024

Key Details

Sold Price $1,500,000

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 2,582 sqft

Price per Sqft $580

MLS Listing ID PTP2406337

Sold Date 11/21/24

Bedrooms 11

Full Baths 8

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 anjavascript:void(0);d 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 (buyer to verify)

Interior

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Pool None

Community Features Curbs, Gutter(s), Sidewalks

View Y/N Yes

View Hills

Private Pool No

Building

Lot Description Back Yard, Front Yard, Landscaped, Near Public Transit

Story 2

Entry Level One

Sewer Public Sewer

Level or Stories One

Schools

School District Fallbrook Union

Others

Senior Community No

Tax ID 1040521400

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Financing Other

Special Listing Condition Standard

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Gatehouse Properties

info@gatehouseproperties.com +1(714) 743-9882

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Listed by Cody Evans • South Coast Commercial Inc.
Bought with Eric Tackett • eXp Realty of California, Inc.

+1(714) 743-9882

info@gatehouseproperties.com

Costa Mesa, CA, 92626, United States

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