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Sold for $1,500,000 on 11/21/24
  • Listing Provided by: 

    Cody Evans DRE #01399935 619-226-6011,

    South Coast Commercial Inc.

    $1,500,000

    331 S Main Ave, Fallbrook, CA 92028

    11beds
    2,582sqft
    Mixed Use
    Built in 1920
    8,798 Square Feet Lot
    $1,473,300 Zestimate®
    $581/sqft
    $2,745 Estimated rent

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: December 04, 2024 at 08:37pm

    Listing Provided by:

    Cody Evans DRE #01399935 619-226-6011,

    South Coast Commercial Inc.

    Bought with:

    Eric Tackett, DRE #02164458

    eXp Realty of California, Inc.

    Source: CRMLS,MLS#: PTP2406337MLS LogoOriginating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 11
    • Bathrooms: 8
    • Full bathrooms: 8
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Laundry: None
    Features
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total interior livable area: 2,582 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    • Entry location: Front Door
    • Pool features: None
    • Has view: Yes
    • View description: Hills
    Lot
    • Size: 8,798 sqft
    • Features: Back Yard, Front Yard, Landscaped, Near Public Transit
    Details
    • Parcel number: 1040521400
    • Zoning: FBV4 (buyer to verify)
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Mixed Use
    • Attached to another structure: Yes
    Condition
    • Year built: 1920

    Utilities & green energy

    • Sewer: Public Sewer

    Community & neighborhood

    Community
    • Community features: Curbs, Gutter(s), Sidewalks
    Location
    • Region: Fallbrook

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,1031 Exchange
    Services availability
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    Estimated market value

    $1,473,300