331 S Main AVE new Save Request In-Person Tour Request Virtual Tour
Fallbrook,CA 92028
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,582 sqft
Price per Sqft $619
MLS Listing ID PTP2406337
Bedrooms 11
Full Baths 8
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 (buyer to verify)
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Cooling Wall/Window Unit(s)
Fireplaces Type None
Laundry None
Exterior
Pool None
Community Features Curbs,Gutter(s),Sidewalks
View Y/N Yes
View Hills
Building
Lot Description Back Yard,Front Yard,Landscaped,Near Public Transit
Story 2
Sewer Public Sewer
Schools
School District Fallbrook Union
Others
Acceptable Financing Cash,Cash to New Loan,1031 Exchange
Listing Terms Cash,Cash to New Loan,1031 Exchange
Special Listing Condition Standard