331 S Main Ave

Fallbrook, CA 92028

PRICE REDUCED

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-$50,001 (-3.03%)

$1,599,999

List Price

11

bed Beds

8

shower Baths

2,582 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 signiûcantly renovated inside and out. For the exterior, the ownership put on new roofs, siding, dual pane windows, fencing, paint, artiûcial turf, and drought-tolerant landscaping. Interior there are new kitchen cabinets, counter tops, üooring, 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 $1,599,999
Status Active
MLS 240013970SD
Type Residential
Subtype Single Family Residence
Year Built 1920
Lot Size N/A
Structure Size 2,582
DOM 69
Courtesy Of South Coast Commercial, Inc.
Listing Agent Cody Evans DRE#01399935

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms 11
Total Bathroom
Bathrooms 8
Cooling Type
Cooling Type None

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 Aug 26th, 2024 at 10:58 PM 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.