303 W Clemmens Ln | Fallbrook, CA 92028
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- LoopNet Team
303 W Clemmens Ln
Fallbrook, CA 92028
NORTH COUNTY SAN DIEGO--Exceptional Cash Flow · Multifamily Property For Sale
·
22 Units
INVESTMENT HIGHLIGHTS
- Upscale Suburban North San Diego County
- 100% 2BR Units with in-unit washer/dryers
- 2.93% Assumable Loan | 8.4% Current Cash on Cash | 9.3% Market Cash on Cash
- Extensively renovated property with high-end finishes
- 5.4% Cap Rate (Current) | 5.8% Cap Rate (Market/Turnover)
- 1.8% Vacancy in city of Fallbrook - lowest in San Diego County (Costar)
PROPERTY FACTS
| No. Units | 22 | Lot Size | 0.72 AC |
| Property Type | Multifamily | Building Size | 16,764 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1988/2020 |
| Building Class | C | Parking Ratio | 2.09/1,000 SF |
| Zoning | R-4 | ||
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.72 AC |
| Building Size | 16,764 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1988/2020 |
| Parking Ratio | 2.09/1,000 SF |
| Zoning | R-4 |
PROPERTY TAXES
| Parcel Number | 104-162-65 | Improvements Assessment | $4,349,662 |
| Land Assessment | $3,060,000 | Total Assessment | $7,409,662 |
PROPERTY TAXES
Parcel Number
104-162-65
Land Assessment
$3,060,000
Improvements Assessment
$4,349,662
Total Assessment
$7,409,662
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