Residential Income For Sale – – – – Price $1,599,000 – PTP2406335
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.

Address Map
California
San Diego
Fallbrook
92028
Main Avenue
331
W118° 44' 53.9''
N33° 22' 46.8''
Neighborhood
Neighborhood
Additional Information
1
Estimated
Cody
Evans
South Coast Commercial Inc.
$0
$0
$0
$0
$0
$0
$0
7,500-10,889 sf
Fallbrook
Borrego springs
Fallbrook union elementary distr
Fallbrook union elementary distr
Fallbrook union high school dist
2

Residential Income For Sale

331 Main Avenue, Fallbrook, California 92028

8,798 Sqft
$1,599,000
Listing ID #PTP2406335
Basic Details
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.

Status : Active
Property Type : Residential Income
Listing Type : For Sale
Listing ID : PTP2406335
Price : $1,599,000
Lot Sq Ft : 8,798 Sqft
Style : Res income 2-4 units
Unit 2 # Bedrooms : 1
Unit 3 # Bedrooms : 2
Unit 1 # Total Baths : 1
Unit 2 # Total Baths : 1
Unit 3 # Total Baths : 1
Agent info
Berkshire Hathaway HomeServices California Properties
6027 Paseo Delicias, Rancho Santa Fe, CA 92067
Contact Agent
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