331 South Main Avenue

Fallbrook, CA 92028

$1,599,000
Price
11
Beds
8
Baths
2,582 Sq. Ft.
$619 / Sq. Ft.
2,582
Sq. Ft.
$619
per Sq. Ft.

Description

331 S Main Ave is an apartment complex located in the heart of Fallbrook. The property consists of 5 permitted units and 3 additional bootleg rentals, for a total of 8. 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, artifcial turf, and drought-tolerant landscaping. Interior there are new kitchen cabinets,...331 S Main Ave is an apartment complex located in the heart of Fallbrook. The property consists of 5 permitted units and 3 additional bootleg rentals, for a total of 8. 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, artifcial 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.
  1. Listed by Cody Evans • DRE #01399935 • Brokerage DRE #01846358 • South Coast Commercial Inc.

Property Details for 331 South Main Avenue

View
Hills
Parking Spaces Total
0
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Building Type
Attached
Lot Size Source
Public Records
Living Area
2582
Assessor Parcel Number
104-052-14-00
LISTING UPDATED: 10/15/2024 07:28 AM

Property Details for 331 South Main Avenue

StatusActive
MLS #PTP2406337
Days on Market17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential / Single Family Residence
Year Built1920
Lot Size0.20 AC / 8,798 SF
CountySan Diego County

Building Information for 331 South Main Avenue

Stories2Year Built1920Building Size-Lot Size0.20 AC / 8,798 SF

Property Information for 331 South Main Avenue

Income / Expense / Tax Details
Tax / Assessment Info
  • Tax Tract Number: 4
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs, Gutters, Sidewalks
  • Number Of Units In Community: 8
Property / Structure Info
Interior Features
  • Room Type: Kitchen, Living Room, Primary Bathroom, Primary Bedroom
  • Laundry: No
Exterior Features
  • Entry Location: Front Door
  • Fence: No
  • View Description: Hills
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Back Yard, Front Yard, Landscaped, Near Public Transit
  • Lease Considered: No
  • Number Of Units: 8
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Sprinklers: No
  • Levels: One
  • Sewer: Public Sewer
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage Spaces: 0
  • Carport Spaces: 0

Property History for 331 South Main Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 331 South Main Avenue

Taxable ValueLand$408,000Additions$484,500Total$892,500
Tax Record2024$9,587 ($799 / month)
Home Facts
Total Finished SqFt2,582 SqFtAbove Grade Finished SqFt2,582 SqFtLot Size8,804 SqFtStyleMulti-Family Res (5+ Units)Year Built2020ZoningCOMMERCIALCountySAN DIEGOAPN104-052-14-00

Schools near 331 South Main 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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331 South Main Avenue is a mixed use property for sale in Fallbrook, CA 92028. This property was listed for sale on October 14, 2024 by South Coast Commercial Inc., it's currently listed at $1,599,000. It has been on the market for a total of 17 days and was last sold on April 7, 2023. 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. 331 South Main Avenue is a 11-bed, 8-bath, 2,582 sqft mixed use property built in 1920.

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Listing Courtesy of South Coast Commercial Inc., Cody Evans, DRE #01399935

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