331 S Main Avenue, Fallbrook CA, 92028

Active

331 S Main Avenue

Fallbrook CA, 92028

$1,599,000

$619.29 per sqft

Active

11 Beds

8 Baths

2,582 sqft

Residential

Built in 1920

Listed by Cody Evans with South Coast Commercial Inc. 858-729-3094

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.

PTP2406337

MLSⓇ ID

October 14, 2024

Listed

October 17, 2024

Updated

Map

331 S Main Avenue
Fallbrook CA, 92028

Interior Features

Total Stories: 1
Bedrooms: 11
Total Bathrooms: 8
Full Bathrooms: 8
Laundry Description: None
Fireplace: No
Fireplace Description: None
Cooling: Yes
Cooling Description: Wall/Window Unit(s)
Heating: No

Exterior/Building Features

Lot Size: 0.2 Acres
Lot Features: Back Yard, Front Yard, Landscaped, Near Public Transit
Sewer: Public Sewer

School Information

School District: Fallbrook Union

Other Property Details

Area Name: 92028 - Fallbrook
Days on Market: 1
Garage: No
Parking Total: 0
View: Yes
View Description: Hills
County: San Diego
Pool: No
Pool Features: None
Zoning: FBV4 (buyer to verify)

Listing Contact: 619-226-6011

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. 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.

Data last updated on 10/17/2024 at 8:28 PM UTC