303 West Clemmens Lane
$7,975,000
2
1
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Description
2.93% assumable loan! Suburban North San Diego County. Fully Renovated. 100% 2BR Units! Avocado Place is an excellent apartment investment opportunity located in North San Diego County in Fallbrook, CA. Just minutes to downtown Fallbrook Main Avenue with tree lined streets, restaurants, shops and more, the location is prime. With easy access to employment along the I-78 Corridor (Oceanside to Escondido) and a short drive to Cal State University San Marcos (the fastest growing University in California),...2.93% assumable loan! Suburban North San Diego County. Fully Renovated. 100% 2BR Units! Avocado Place is an excellent apartment investment opportunity located in North San Diego County in Fallbrook, CA. Just minutes to downtown Fallbrook Main Avenue with tree lined streets, restaurants, shops and more, the location is prime. With easy access to employment along the I-78 Corridor (Oceanside to Escondido) and a short drive to Cal State University San Marcos (the fastest growing University in California), Palomar College, Temecula and much more, Fallbrook is considered a desirable enclave separated from the hustle and bustle of urban city life. The property is within close proximity to spectacular wineries/vineyards, wedding venues, golf, equestrian centers, airport/airpark and more. The property was originally built in 1988 and was extensively renovated in 2019/2020. Upgrades include (but not limited to) new roof, new dual pane windows, exterior paint and stucco repair, asphalt, flooring, stainless appliances, in-unit washer/dryers, plank flooring, quartz counters, new cabinets, custom backsplash, new sinks & faucets, new bathrooms, and much more. The owner also added a 22nd unit with permits. Buyer to verify. The submarket vacancy rate of 1.8% (Costar) in Fallbrook is the lowest in San Diego County, with no new construction of apartments in the pipeline. 8.4% Cash on Cash Yield from Day 1. Please contact brokers for Offering Memorandum.
- Listed by Corey McHenry • DRE #01800485 • David Santistevan
Property Details for 303 West Clemmens Lane
City Postal ID
FALLBROOK (92028)
LISTING UPDATED: 12/06/2023 11:38 AM
Property Details for 303 West Clemmens Lane
Status | Active |
---|---|
MLS # | 230023403 |
Days on Market | 364 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial-Res Income |
Year Built | - |
Lot Size | - |
County | San Diego County |
Property Information for 303 West Clemmens Lane
Property History for 303 West Clemmens Lane
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 303 West Clemmens Lane
Taxable ValueLand$1,367,057Additions$2,077,925Total$3,444,982
Tax Record2024$36,969 ($3,081 / month)
Home Facts
Total Finished SqFt16,764 SqFtAbove Grade Finished SqFt16,764 SqFtLot Size31,363 SqFtStyleMulti-Family Res (5+ Units)Year Built1988ZoningR-4:MULTIPLECountySAN DIEGOAPN104-162-65-00
Schools near 303 West Clemmens Lane
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 |
---|---|---|
Live Oak 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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