331 S Main Avenue, Fallbrook, CA 92028

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Glen Henderson

[email protected] +1(619) 889-7646

$1,599,000

Est. payment - /mo

3 Beds

3 Baths

8,798 Sqft Lot

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UPDATED:

11/13/2024 12:46 PM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID PTP2406335

Bedrooms 3

HOA Y/N No

Lot Size 8,798 Sqft

Type of Financing Cash,Exchange

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.
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 Fallbrook (92028)

Zoning Estimated

Building

Lot Description Sidewalks

Story 2

Lot Size Range 7500-10889 SF

Others

Acceptable Financing Cash, Exchange

Space Rent $1,450

Listing Terms Cash, Exchange

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Listed by Cody Evans • South Coast Commercial Inc.

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities