$1,500,000
$1,599,000
6.2%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Eric Tackett • eXp Realty of California, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "