331 S Main Avenue Pending

Fallbrook,CA 92028

$ 1599000

11 Beds

8 Baths

2582 SqFt


Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Pending

Purchase Type For Sale

Square Footage 2,582 sqft

Price per Sqft $619

MLS Listing ID CRPTP2406337

Bedrooms 11

Full Baths 8

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1920

Lot Size 8,798 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 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.

Location

State CA

County San Diego

Interior

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Pool None

View Hills

Private Pool false

Building

Lot Description Other,Landscape Misc

Story 1

Schools

School District Fallbrook Union High

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