331 S Main Avenue

Fallbrook, CA 92028

$1,599,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1920

calendar_month Built

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.

Listing Information

List Price $1,599,000
Status Active
MLS PTP2406335
HOA $0
Type Residential Income
Year Built 1920
Lot Size 8,798
Structure Size N/A
Courtesy Of South Coast Commercial Inc.
Listing Agent Cody Evans DRE#01399935

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms N/A

Exterior Information

Maps

Listing information courtesy of: Cody Evans, South Coast Commercial Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 15th, 2024 at 12:02 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.