Listing ID220000623
Sold For$449,000
StatusSOLD
CountySan Diego
Year Built1961
Property Type2-4 Units
Great Fallbrook Location. Significant Rental Upside. Great Potential for and Owner Occupant Scenario. 84 Walk Score - "Very Walkable - Most errands can be accomplished on foot.". Replaced Roof in 2019. Premier FBV3 Zoning. Major Capital Improvements in 2017. Ample Off Street Parking. // Click VIRTUAL TOUR link (under the photos) to see unit quality. // Property Type: Retail Unit (1) + Non-conforming Retail Unit (1) + Non- conforming Residential Unit (1). Building Size: 1,250 SF. Building Class: C. Year Built/Renovated: 1961/2017. Frontage: 50 FT on E Mission Rd.
County
San Diego
City
Fallbrook
Price Before Reduction
527300
Price Reduction Date
2022-01-12T20:32:48+00:00
Property Type
2-4 Units
Year Built
1961
Cooling
N/K
Levels
1 Story
Total Stories
1
Unit 1 Estimated SqFt
500
Unit 1 Laundry Hook Ups
No
Unit 1 Number of Half Baths
1
Unit 1 Number Total Baths
1
Unit 2 Estimated SqFt
250
Unit 2 Laundry Hook Ups
No
Unit 2 Number of Half Baths
1
Unit 2 Number Total Baths
1
Unit 3 Estimated SqFt
600
Unit 3 Laundry Hook Ups
No
Unit 3 Number Bedrooms
1
Unit 3 Number of Full Baths
1
Unit 3 Number Total Baths
1
Entry Only
no
Exterior
Wood/Stucco
Fencing
N/K
Lot Size
1-3,999 SF
Neighborhood
Fallbrook
Number of Buildings
1
Number of Units
3
Number of Units w/Range/Oven
1
Number of Units w/Refrigerator
1
Number Units w/Cooling
3
Roof
Other/Remarks
Spa Heat
None Known
Community
FALLBROOK
Complex/Park
No
Country
United States
Market Area
North County
Zip/Area
FALLBROOK (92028)
Property Type
2-4 UNITS
Age Restrictions
N/K
Annual Expense Actual
10517
Cap Rate Actual
4.8
Cap Rate Projected
6.5
Financing
Cash
Gross Rent Multiplier Act
13.9
Gross Rent Multiplier Projected
11.2
Gross Scheduled Income Actual
34200
Gross Scheduled Income Projected
42600
Net Operating Income Projected
30806
Sale/Rent
For Sale
Sales Restrictions
Call Agent
Short Sale
no
Tenant Pays
Cable TV, Electricity, Gas/Propane
Terms
Cash
Unit 1 Deposit
1350
Unit 1 Projected Rent
1500
Unit 1 Rent Actual
1350
Unit 2 Deposit
700
Unit 2 Projected Rent
850
Unit 2 Rent Actual
700
Unit 3 Deposit
800
Unit 3 Projected Rent
1200
Unit 3 Rent Actual
800
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS. Data updated on Wednesday, April 17th, 2024 06:34:12 PM.
Contact - Listing ID 220000623
Lawrence Dy
11440 W. Bernardo Ct #300
San Diego, CA 92127
Phone: 8584491253
Phone Alt: 8584491253
Data services provided by IDX Broker