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302-338 E Fallbrook St
Fallbrook, CA 92028
Westfall Village · Multifamily Property For Sale
·
29 Units
PROPERTY FACTS
| No. Units | 29 | Building Size | 26,886 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1972 |
| Building Class | C | Parking Ratio | 1.97/1,000 SF |
| Lot Size | 2.73 AC | ||
| Zoning | R3 | ||
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.73 AC |
| Building Size | 26,886 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1972 |
| Parking Ratio | 1.97/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Linen Closet
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
- Property Manager on Site
- Tenant Controlled HVAC
- Pet Play Area
- Pet Washing Station
- Walk-Up
- Smoke Detector
ABOUT 302-338 E FALLBROOK ST , FALLBROOK, CA 92028
The Bove Group is pleased to exclusively present for sale Fallbrook Hillside Terrace Apartments, a well-maintained 29-unit cottage-style apartment community located in the city of Fallbrook, California. Fallbrook Hillside Terrace is located at 302-338 E Fallbrook Street and comprises a unit mix of four (4) studio/1BA units, twenty-four (24) 2BR/1BA units and one (1) 2BR/1BA single-family home. The property is situated on three parcels and features an on-site laundry facility (the SFR has in-unit laundry) as well as a mix of 52 covered and uncovered parking spaces including three garages. The units have well-appointed interiors with features such as built-in cabinets, dishwashers, and fireplaces, however some long-term leases remain with below-average rents. All utilities are paid for by residents, except trash, with water/sewer sub metered by Guardian Water & Power. Centered in a high-demand residential area of Fallbrook, Hillside Terrace is just one block to South Main Avenue which has a variety of retailers, restaurants, and grocery stores. Bordered by Marine Corps Base Camp Pendleton to the west, Fallbrook has a rural countryside setting and historical Main Street, but with modern amenities that attract visitors and new residents alike. Fallbrook is appealing for its central location to many popular areas in Southern California, from Temecula County Wine Country to the world class beaches and attractions of San Diego. This is an excellent opportunity for an investor to capitalize on upside in rents of a multi-family asset in this stable North San Diego County market.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | $915.00 | 437 |
| 2+1 | 25 | $1,240 | 992 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,280,931 | |
| Land Assessment | $1,968,556 | Total Assessment | $5,249,487 |
PROPERTY TAXES
