Listing provided courtesy of Cody Evans of South Coast Commercial, Inc.. Last updated 2024-05-04 09:21:31.000000. Listing information © 2024 SANDICOR.
Asking Price: $1,650,000
331 Main Ave, Fallbrook CA 92028
Community: North County
This Com-Res Income property was built in and is priced at $1,650,000. Please see the additional details below.
331 S Main Ave is an apartment complex located in the heart of Fallbrook. The property consists of 5 permitted units and three additional bootlegs, for a total of 8 rentals. There are 5 two-bedroom and one-bath units, 2 studios, and 1 one-bedroom one bath unit. In 2023, the units were significantly renovated inside and out. For the exterior, the ownership put on new roofs, siding, dual pane windows, fencing, paint, artificial turf, and drought-tolerant landscaping. Interior there are new kitchen cabinets, counter tops, flooring, 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.
