305 W Clemmens Ln | Fallbrook, CA 92028
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305 W Clemmens Ln
Fallbrook, CA 92028
Value-Add | Seller Carry @ 70% LTV | 5% i.o. · Multifamily Property For Sale
·
22 Units
INVESTMENT HIGHLIGHTS
- 70% Seller financing @ 5% I.O. for 5 years for qualified buyers
- 80% +/- upside in rents post renovation
- Newer roof
- Classic value-add opportunity– being sold by original developer from 1986 35+ year ownership
- Primarily 2BR Units (2 – 1BR/1BA, 18 – 2BR/1BA & 2 - 3BR/1BA)
- Individual hot water heaters
PROPERTY FACTS
| No. Units | 22 | Lot Size | 0.80 AC |
| Property Type | Multifamily | Building Size | 26,946 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1986 |
| Building Class | C | Parking Ratio | 1.15/1,000 SF |
| Zoning | 4 | ||
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.80 AC |
| Building Size | 26,946 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 1.15/1,000 SF |
| Zoning | 4 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 650 |
| 2+1 | 18 | - | 850 |
| 3+1 | 2 | - | 950 |
PROPERTY TAXES
| Parcel Number | 104-162-64 | Improvements Assessment | $4,643,040 |
| Land Assessment | $1,326,000 | Total Assessment | $5,969,040 |
PROPERTY TAXES
Parcel Number
104-162-64
Land Assessment
$1,326,000
Improvements Assessment
$4,643,040
Total Assessment
$5,969,040
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