Active

331 S Main Ave

Fallbrook CA, 92028

$1,650,000


Active

Commercial

Listed by Cody Evans with South Coast Commercial, Inc. 619-226-6011

331 S Main Ave is an apartment complex located in the heart of Fallbrook. The property consists of 5 permitted units and 3 additional bootlegs, for a total of 8 rentals. 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, artificial 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.

240009738SD

MLS ID

May 3, 2024

Listed

June 18, 2024

Updated

Map

331 S Main Ave
Fallbrook CA, 92028

Interior Features

Fireplace

No


Cooling

Yes


Heating

No

Exterior/Building Features

Lot Size

0.2 Acres

Other Property Details

Area Name

92028 - Fallbrook


Days on Market

45


Garage

No


Parking Total

0


View

No


County

San Diego


Pool

No


Zoning

FBV4


Buyer Agency Compensation

2%

Listing Contact: 619-226-6011 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 6/18/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 6/18/2024 at 12:29 AM UTC

 

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