Fallbrook, CA 92028,331 S Main Avenue
Marc Williams
Marc Williams

Agent | License ID: 02060393

+1(415) 513-2222

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Listed by Cody Evans • South Coast Commercial Inc.
Bought with Eric Tackett • eXp Realty of California, Inc.

$ 1,500,000

$ 1,599,000 6.2%

Est. payment | /mo

11 Beds

8 Baths

2,582 SqFt


$ 1,500,000

$ 1,599,000 6.2%

Est. payment | /mo

11 Beds

8 Baths

2,582 SqFt

Key Details

Sold Price $1,500,000

Property Type Single Family Home

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 2,582 sqft

Price per Sqft $580

MLS Listing ID CRPTP2406337

Sold Date 11/21/24

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 anjavascript:void(0);d 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

Bay East AOR and Contra Costa AOR
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331 S Main Avenue