NOT LISTED FOR SALE

1053 Old Stage Rd Fallbrook, CA 92028

6 Beds
5 Baths
2,880 Sq Ft
1951 Built

Last Sold June 21, 2023

Last sale price $1,095,000 $380 Per Sq Ft

31 Days on Market

About This Home

As of June 2023

**Turn-Key 3 UNITS** 2BD/1BA HOUSE W/ TWO (2) 2BD/1.5BA APARTMENTS IN THE REAR. 5.05% CAP on Actuals. All utilities separately metered (Gas, Electric, AND WATER). Each unit has its own washer / dryer and designated parking space. To-the-studs remodel with brand new cabinets, countertops, bathrooms, flooring, air condition, and appliances in each unit. Property can be delivered with or without tenants. Perfect for an owner occupant or investor looking to maximize income. Brand new appliances. Property Gross Income: $6,885/month.

Last Agent to Sell the Property

Angelo La Bruna

Apartment Realty Group (ARG) License #01991625 Listed on: 05/12/2023

Last Buyer's Agent

Kevin Ehm

i2i Real Estate and Mortgage License #01979333

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Home Design

  • Composition Roof

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Gas Water Heater

Additional Features

  • 2-Story Property
  • Gated Home

Listing and Financial Details

  • Tenant pays for water
  • Assessor Parcel Number 104-341-28-00

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Net Operating Income $55,253

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: North County
  • Cross Street: E Aviation
  • Neighborhood: Downtown Fallbrook
  • LP / Sq Ft: 18.71
  • Stories: 2 Story
  • Sale Price List Price: 1.0
  • Total Stories: 2
  • Year Built: 1951
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Gate
  • Roof: Composition

Utilities

  • Cooling: Wall/Window
  • Water Heater Type: Electric, Gas
  • Heat Equipment: Combination Heating, Forced Air Unit

Condo/Co-op/Association

  • Community: FALLBROOK

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Water District: FALLBROOK PUBLIC UTILITY DISTRI
  • Assessor Parcel Number: 104-341-28-00
  • Water District URL: http://www.fpud.com

Rental Info

  • Tenant Pays: Water

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 55253
  • Annual Expense Actual: 24889
  • Annual Expense Projected: 25098
  • Gross Rent Multiplier Actual: 13.25
  • Gross Rent Multiplier Projected: 12.7
  • Gross Sched Income Actual: 82620
  • Gross Sched Income Projected: 66220
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 3
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Dryers: 3
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2023 06/21/23 Sold $1,095,000 0.0% $380 / Sq Ft
06/13/2023 06/13/23 Pending -- -- --
05/12/2023 05/12/23 For Sale $1,095,000 +148.9% $380 / Sq Ft
01/22/2021 01/22/21 Sold $440,000 -11.8% --
11/27/2020 11/27/20 Pending -- -- --
11/19/2020 11/19/20 For Sale $499,000 -- --
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Angelo La Bruna

    Seller's Agent in 2023

    Angelo La Bruna

    Apartment Realty Group (ARG)

    (858) 837-1456

    6 in this area

    54 Total Sales

    Angelo La Bruna
    Section Image
  • Kevin Ehm

    Buyer's Agent in 2023

    Kevin Ehm

    i2i Real Estate and Mortgage

    (619) 838-9547

    2 in this area

    63 Total Sales

    Kevin Ehm
    Section Image
  • James V. Carter

    Seller Co-Listing Agent in 2021

    James V. Carter

    Apartment Realty Group (ARG)

    (619) 222-9501

    1 in this area

    42 Total Sales

    James V. Carter
    Section Image
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Map

Source: San Diego MLS

MLS Number: 230008843

San Diego MLS

APN: 104-341-28-00

California San Diego County Fallbrook 92028

1053 Old Stage Rd, Fallbrook, CA

This home is located at 1053 Old Stage Rd, Fallbrook, CA 92028 since 12 May 2023. This property was built in 1951. 1053 Old Stage Rd is a home located in San Diego County with nearby schools including La Paloma Elementary School, James E. Potter Intermediate School, and Fallbrook High School.

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