228-34 North Pasadena Avenue

Fallbrook, CA 92028

$1,295,000
Price
5
Beds
Baths
2,698 Sq. Ft.
$480 / Sq. Ft.
2,698
Sq. Ft.
$480
per Sq. Ft.

Description

This well-located 4-Unit single level apartment complex contains three (3) 1Bedroom/1Bathroom units and one (1) 2Bedroom/1Bathroom unit. Two units will be delivered vacant making it the perfect opportunity for an owner occupant or value-add investor. Property amenities include a common area laundry facility, private yards for each unit, and air conditioning, and seven (7) surface parking spots. 4.54% CAP on Actuals. 5.19% CAP on Proforma. Situated near Downtown Fallbrook, the property is walking...This well-located 4-Unit single level apartment complex contains three (3) 1Bedroom/1Bathroom units and one (1) 2Bedroom/1Bathroom unit. Two units will be delivered vacant making it the perfect opportunity for an owner occupant or value-add investor. Property amenities include a common area laundry facility, private yards for each unit, and air conditioning, and seven (7) surface parking spots. 4.54% CAP on Actuals. 5.19% CAP on Proforma. Situated near Downtown Fallbrook, the property is walking distance to shops and restaurants.
  1. Listed by Angelo Joseph La Bruna III • DRE #01991625 • Brokerage DRE #01352336 • Apartment Realty Group (ARG) • 858-247-1095

Property Details for 228-34 North Pasadena Avenue

Area
92028 - Fallbrook
Neighborhood
Downtown
Community
FALLBROOK
City Postal ID
FALLBROOK (92028)
Cross Street(s)
N Pasadena & W Ivy
LISTING UPDATED: 01/28/2025 04:16 PM

Property Details for 228-34 North Pasadena Avenue

StatusActive
MLS #250016789
Days on Market41
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1968
Lot Size-
CountySan Diego County

Building Information for 228-34 North Pasadena Avenue

Stories1Residences-Year Built1968Building Size-Lot Size-

Property Information for 228-34 North Pasadena Avenue

Summary Information
Property and Location
  • System ID: 250016789
  • Class: 2-4 UNITS
  • Levels: 1 Story
  • Year Built: 1968
  • Street Number Numeric: 228
  • Street Direction: N
  • Street Name: Pasadena Ave
  • Age Restrictions: N/K
  • Market Area: North County
HOA and Fees
  • Monthly Total Fees: $0
  • CFD/Mello-Roos Fee: $0
  • Other Fees: $0
Interior and Exterior Features
Interior Features
  • Num of Units w/Dishwashers: 0
  • Num of Units w/Cooling: 4
  • Cooling: See Remarks
Exterior Features
  • Exterior: Wood/Stucco
  • Roof: Composition
  • Fencing: N/K
  • Security: N/K
Property Information
Property and Assessments
  • Total Stories: 1
  • Entry Only: No
  • Lot Size: .25 to .5 AC
  • Lot Size Source: Title Company
  • Complex/Park: N/a
  • Assessors Parcel Num: 103-310-12-00
Multi Family Information
Unit 1
  • Unit Num for Unit 1: 228
  • Unit 1 Num of Bedrooms: 1
  • Unit 1 Num of Total Baths: 1
  • Unit 1 Deposit: $1,200
  • Unit 1 Estimated SqFt: 616
  • Unit 1 Exclusive Use Yard: Yes
  • Unit 1 Laundry Hook Ups: No
  • Unit 1 Occupied: Tenant
  • Unit 1 Projected Rent: $1,895
  • Unit 1 Rent Actual: $1,695
Unit 2
  • Unit Num for Unit 2: 230
  • Unit 2 Num of Bedrooms: 1
  • Unit 2 Num of Total Baths: 1
  • Unit 2 Deposit: $0
  • Unit 2 Estimated SqFt: 616
  • Unit 2 Exclusive Use Yard: Yes
  • Unit 2 Laundry Hook Ups: No
  • Unit 2 Occupied: Vacant
  • Unit 2 Projected Rent: $1,895
  • Unit 2 Rent Actual: $0
Unit 3
  • Unit Num for Unit 3: 232
  • Unit 3 Num of Bedrooms: 1
  • Unit 3 Num of Total Baths: 1
  • Unit 3 Deposit: $0
  • Unit 3 Estimated SqFt: 616
  • Unit 3 Exclusive Use Yard: Yes
  • Unit 3 Laundry Hook Ups: No
  • Unit 3 Occupied: Vacant
  • Unit 3 Projected Rent: $1,895
  • Unit 3 Rent Actual: $0
Unit 4
  • Unit Num for Unit 4: 234
  • Unit 4 Num of Bedrooms: 2
  • Unit 4 Num of Total Baths: 1
  • Unit 4 Deposit: $1,000
  • Unit 4 Estimated SqFt: 850
  • Unit 4 Exclusive Use Yard: Yes
  • Unit 4 Laundry Hook Ups: No
  • Unit 4 Occupied: Tenant
  • Unit 4 Projected Rent: $2,400
  • Unit 4 Rent Actual: $1,895

Property History for 228-34 North Pasadena Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 228-34 North Pasadena Avenue

This home is within Fallbrook Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Fallbrook Street Elementary School
PublicK to 6

James E. Potter Intermediate School
Public7 to 8

Fallbrook High School
Public9 to 12

Maie Ellis Elementary
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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228-34 North Pasadena Avenue is a multi-family home for sale in Fallbrook, CA 92028. This property was listed for sale on January 18, 2025 by Apartment Realty Group (ARG), it's currently listed at $1,295,000. This listing's school districts are Fallbrook Union High School District, Fallbrook Union Elementary School District. Nearby schools include Fallbrook Street Elementary School, James E. Potter Intermediate School and Fallbrook High School. 228-34 North Pasadena Avenue is a 5-bed, 4-bath, 2,698 sqft multi-family home built in 1968.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Apartment Realty Group (ARG), Angelo Joseph La Bruna III, DRE #01991625

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