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.
Sold for $1,500,000 on 11/21/24
Listing Provided by:
Cody Evans DRE #01399935 619-226-6011,
South Coast Commercial Inc.
Bought with: eXp Realty of California, Inc.
$1,500,000
331 S Main Ave, Fallbrook, CA 92028
11beds
2,582sqft
Mixed Use
Built in 1920
8,798 Square Feet Lot
$1,463,400 Zestimate®
$581/sqft
$3,453 Estimated rent
Home value
$1,463,400
$1.35M - $1.60M
$3,453/mo
Zestimate® history
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What's special
Zillow last checked: 8 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#: PTP2406337
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)
Originating 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
Price history
| Date | Event | Price |
|---|---|---|
| 11/21/2024 | Sold | $1,500,000-6.2%$581/sqft |
Source:  CRMLS #PTP2406337 | ||
| 8/26/2024 | Price change | $1,599,999-3%$620/sqft |
Source:  SDMLS #240013970 | ||
| 6/18/2024 | Listed for sale | $1,650,000+88.6%$639/sqft |
Source: SDMLS #240013970 | ||
| 4/7/2023 | Sold | $875,000$339/sqft |
Source: SDMLS #220027303 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 92028
Nearby schools
GreatSchools rating
- 6/10Fallbrook Street Elementary SchoolGrades: K-6Distance: 0.2 mi
- 4/10James E. Potter Intermediate SchoolGrades: 7-8Distance: 1.9 mi
- 6/10Fallbrook High SchoolGrades: 9-12Distance: 2.2 mi
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Estimated market value
$1,463,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,463,400