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331 S Main Ave, Fallbrook, CA 92028
$1,650,000
331 S Main Ave, Fallbrook, CA 92028View this property at 331 S Main Ave, Fallbrook, CA 92028
331 S Main AveFallbrookCA92028
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Property Description
331 S Main Ave is an apartment complex located in the heart of Fallbrook. The property consists of 5 permitted units and three additional bootlegs, for a total of 8 rentals. 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, artificial 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.
Full Property Details
Full Property Details for 331 S Main Ave
General
- Price: $1,650,000
- Status: Active
- Type: Multi-Family
- MLS ID: 240009738
- Updated: 5/3/2024
- Added to Site: 17 day(s) ago
Location
- Area: FALLBROOK (92028)
- County: San Diego
Unit Information
Unit 1
- Total Bathrooms: 1
Unit 2
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by South Coast Commercial, Inc.
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Schools
Schools serving 331 S Main Ave
School Districts:Fallbrook Union High School District, Fallbrook Union Elementary School District
Rating | Name | Grades | Distance |
---|---|---|---|
405 W Fallbrook St, Fallbrook, CA 92028 | K-6 | 0.3 mi | |
1743 Reche Rd, Fallbrook, CA 92028 | 7-8 | 1.8 mi | |
2400 S Stage Coach Ln, Fallbrook, CA 92028 | 9-12 | 2.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 331 S Main Ave
Date
Details
Price
Change
Source
5/03/2024
Listed
$1,650,000
88.57%
MLS
3/24/2023
Sold
$875,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 331 S Main Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$8,597
—
$808,748
2%
2022
$8,601
3%
$792,891
2%
2021
$8,336
-1%
$777,345
1%
2020
$8,415
2%
$769,375
2%
2019
$8,267
2%
$754,290
2%
2018
$8,142
—
$739,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 331 S Main Ave
331 S Main Ave, Fallbrook, CA 92028 (MLS# 240009738) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 331 S Main Ave is currently listed for $1,650,000 and was received on May 03, 2024. Want to learn more about 331 S Main Ave? Do you have questions about finding other Multi-Family real estate for sale in Fallbrook? You can browse all Fallbrook real estate or contact a Coldwell Banker agent to request more information.