302-338 E Fallbrook St | Fallbrook, CA 92028
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302-338 E Fallbrook St
Fallbrook, CA 92028
7%-8% Cash on Cash | Renovated | N County SD · Multifamily Property For Sale
·
29 Units
INVESTMENT HIGHLIGHTS
- 6% Current CAP Rate | 7%-8% Cash on Cash return with achievable financing
- High-end renovations including in-unit washer/dryers, quartz, new cabinets, hard flooring and much more
- Nearby upscale wineries, equestrian, golf
- Upscale North County San Diego | $118k Ave HH Income in Fallbrook
- Charming single level large cottage style units with private yards + Abundant parking
- Walkable to downtown Fallbrook Main Avenue with restaurants, shopping and more
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/Renovated | 1972/2021 |
| 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/Renovated | 1972/2021 |
| 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
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 455 |
| 2+2 | 24 | - | 976 |
| 3+2 | 1 | - | 1,387 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,280,931 | |
| Land Assessment | $1,968,556 | Total Assessment | $5,249,487 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,968,556
Improvements Assessment
$3,280,931
Total Assessment
$5,249,487
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