Fallbrook, CA Multifamily Homes & Duplexes for Sale

/23
$1,625,000

$70K PRICE DROP
- 10 Beds
- 7 Baths
- 4,903 Sq Ft
329 N Pico Ave, Fallbrook, CA 92028

PRICE REDUCTION! Highly renovated 5-Plex right next to vibrant downtown Fallbrook, CA (North County San Diego). 4 of 5 units have been substantially renovated, along with the exterior of the property. Units are all rented at artificially low rents, giving a new owner an opportunity to increase rents with ease. Fallbrook has one of the lowest vacancy rates in all of San Diego County (2.9% -

Corey McHenry David Santistevan

329 N Pico Ave, Fallbrook, CA 92028
Explore Fallbrook
/9
$1,095,000

$55K PRICE DROP
- 4 Beds
- 3 Baths
- 1,700 Sq Ft
537 De Luz Rd, Fallbrook, CA 92028

**Three (3) Detached Cottage Style Homes on One Lot** Great Location in One of San Diego’s Strongest Rental Markets • Two (2) Detached 2Bdrm/1Bthrm Houses + One (1) Detached Studio • All Units Have Private Yards, In-Unit Laundry, & Off-Street Parking • Well-Maintained / High Income Property • Separately Metered for SDGE & Submetered for Water • Walking Distance to Downtown Fallbrook • Nearby

Angelo La Bruna Apartment Realty Group (ARG)

537 De Luz Rd, Fallbrook, CA 92028
/10
$9,060,000
- 58 Beds
- 54 Baths
- 34,813 Sq Ft
234 W Kalmia St, Fallbrook, CA 92028

The offering presents an opportunity to acquire a 54- unit senior multifamily portfolio comprised of two adjacent properties, Kalmia Courtyard and De Luz Apartments, in Fallbrook, California. Properties must be purchased together. The portfolio offers predictable rent growth through rents tied to Area Median Income (AMI) rather than market rents. Constructed in 1988 and 1997, the properties also

Eric Comer Eric D. Comer, Broker

234 W Kalmia St, Fallbrook, CA 92028
/34
$1,150,000

Open Sat 1:30PM - 3:30PM
- 4 Beds
- 2 Baths
- 1,920 Sq Ft
2005 07 Camino Rainbow, Fallbrook, CA 92028

Beautifully renovated duplex situated on a spacious lot in the desirable Rainbow/Fallbrook community, offering an exceptional opportunity for investors, owner-occupants, or multigenerational living. Both residences have undergone extensive renovations with thoughtful updates throughout, creating a clean, modern, turnkey property that reflects exceptional pride of ownership. Improvements include

Erick Ciprian Premier Agency R.E. Inc

2005 07 Camino Rainbow, Fallbrook, CA 92028

California San Diego County

Why Live in Fallbrook

Fallbrook, CA, located in San Diego County, is known as the "avocado capital of the world" and offers a rural residential lifestyle. The area is characterized by its historic charm, with many original downtown buildings and one of the county's oldest schools. Residents enjoy spacious equestrian properties and a variety of home styles, including Main Avenue cottages, Spanish-style homes, stucco condos, and large estates. The community is surrounded by oak and avocado trees, providing a serene environment free from light pollution. Local attractions include the 50-acre Los Jilgueros Preserve, the Santa Margarita River Trail Preserve, and the public Golf Club of California. Families frequent Live Oak Park for playgrounds and picnics, while the Fallbrook Art Center and the retro Mission Theater offer cultural experiences. The Fallbrook Union High School District and the private Willow Tree school are highly rated, with guaranteed admission to California State University San Marcos for qualifying graduates. Main Avenue features boutiques, cafés, and salons, while Peppertree Village Plaza and Fallbrook Towne Center provide convenient shopping options. Fallbrook is 7 miles from Camp Pendleton, 15 miles from Temecula Valley Hospital, and 30 miles from McClellan-Palomar Airport. The area has a lower crime risk compared to the national average but faces a high wildfire risk. The annual Fallbrook Avocado Festival draws over 100,000 visitors for guacamole contests, live music, and more.

Learn more about living in Fallbrook

Home Prices in Fallbrook, CA

The median home sale price in Fallbrook, CA is $961,500, up 4% year-over-year. Homes in Fallbrook sell in 47 days on average, compared to the national average of 55 days.

Home Price Trends

Median Sale Price $961,500	Median Single Family Sale Price $999,900
Median Townhouse Sale Price $935,000	Median 2 Bedroom Sale Price $652,500
Median 1 Bedroom Sale Price $389,500	Average Price Per Sq Ft $455
Number of Homes for Sale 4	Last 12 months Home Sales 384
Months of Supply 3.60	Median List Price $999,949
Median Change From 1st List Price 2%	Median Home Sale Price YoY Change 4%

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Fallbrook Types of Homes for Sale

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