NOT LISTED FOR SALE

1433 S Mission Rd Fallbrook, CA 92028

Fallbrook Area
5 Beds
4 Baths
19,970 Sq Ft
-- Built

Sale Details

Date Sold: October 30, 2020

Last sale price $4,175,000 $209 Per Sq Ft

About This Home

As of October 2020

We are pleased to present Village Apartments, a 25-unit apartment complex located at 1433 South Mission Road in the community of Fallbrook. The subject property is situated on 1.31 acres and is comprised of 18 two-bedroom/one-bath, 1 two-bedroom/two bath, and 6 one-bedroom/one-bath units totaling approximately 19,970 rentable square feet. The complex consists of two-story wood frame and stucco construction, with concrete slab foundations and pitched roofs. Village Apartments features a sparkling swimming pool, covered parking, air-conditioned units, on-site laundry facility, and is equipped with energy saving solar panels. Residents are ideally located on South Mission Road, a heavily travelled commercial corridor with bus line access to vista and convenient walkability to nearby restaurants and retail. The vibrant Fallbrook town center is approximately one mile from Village Apartments and features an eclectic collection of shops, galleries and unique local businesses.

Last Agent to Sell the Property

Kire Nastevski

Marcus & Millichap License #01312183 Listed on: 09/22/2020

Last Buyer's Agent

Kire Nastevski

Marcus & Millichap License #01312183 Listed on: 09/22/2020

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Property Details

Home Type

  • Multi-Family

Home Design

  • 19,970 Sq Ft Home

Additional Features

  • 5 Bedrooms
  • Number of ADU Units: 6

Community Details

  • 25 Units
  • Operating Expense $172,605

Property Details

Home Type

Multi-Family

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Com-Res Income
  • Co List Office Mls Id: 62951
  • Living Area: 19970.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-07-18T08:51:58Z
  • FullAddress: 1433 S Mission Rd.
  • SDMLS_NumofADUUnits: 6.0
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 5

Multi Family

  • Number Of Units Total: 25
  • Annual Operating Expense: 172605.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2020
Closed on
Oct 26, 2020
Sold by
Dipiero Ricky and The Dipiero Inter Vivios Trust
Bought by
Seller's Agent
Kire Nastevski
Marcus & Millichap
Buyer's Agent
Kire Nastevski
Marcus & Millichap
List Price
$4,800,000
Sold Price
$4,175,000
Premium/Discount to List
-$625,000
-13.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 15, 2016
Sold by
Mission Village Apartments Llc
Bought by
Dipiero Donald and Dipiero Inter Vivios Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 2016
Sold by
Clemons Holdings Llc
Bought by
Mission Village Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 13, 2010
Sold by
Swanson Don and Swanson Beth
Bought by
Clemons Holdings Llc

Purchase Details

Closed on
Jul 23, 2007
Sold by
Cc 1433 South Mission Llc
Bought by
Swanson Ii Don and Swanson Beth

Purchase Details

Closed on
Apr 13, 2004
Sold by
Mcdonald Mitchell J and Mcdonald Zora J
Bought by
Cc 1433 South Mission Llc

Purchase Details

Closed on
Dec 19, 2003
Sold by
Miller David L and Miller Devonna J
Bought by
Mcdonald Mitchell J and Mcdonald Zora J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,762,500
Interest Rate
5.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 12, 2002
Sold by
Miller David L and Miller Devonna J
Bought by
Miller David L and Miller Devonna J

Purchase Details

Closed on
Jan 11, 2001
Sold by
Village Apts L L C
Bought by
Miller David and Miller Devonna J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$870,000
Interest Rate
7.08%
Mortgage Type
Commercial

Purchase Details

Closed on
May 12, 2000
Sold by
Fallbrook Country Inn L L C
Bought by
Patel Mahesh N and Patel Nila M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,040,000
Interest Rate
8.22%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 10, 1998
Sold by
Alvarez Catherine S and Alvarez Louis M
Bought by
Village Apartments Llc

Purchase Details

Closed on
Aug 22, 1997
Sold by
Aspen Mtg Co Ltd
Bought by
Fallbrook Country Inn Llc

Purchase Details

Closed on
Jun 12, 1997
Sold by
Mumford John W and Mumford Pamela H
Bought by
Alvarez Catherine S and Alvarez Louis M

Purchase Details

Closed on
Jan 22, 1997
Sold by
Goodson William G and Goodson Mary Louise
Bought by
Aspen Mtg

Purchase Details

Closed on
Jan 16, 1996
Sold by
Hunking Nicole Cindy
Bought by
Bows Princess

Purchase Details

Closed on
Dec 12, 1995
Sold by
Goodson William G and Goodson Mary Louise
Bought by
Hunking Nicole Cindy

Purchase Details

Closed on
May 30, 1995
Sold by
Brownell Brian and Brownell Victoria
Bought by
Goodson William G and Goodson Mary Louise

Purchase Details

Closed on
Sep 21, 1994
Sold by
Dow Mumford Helen Candace
Bought by
Mumford John W

Purchase Details

Closed on
Sep 1, 1994
Sold by
The Village Inn
Bought by
Mumford John W and Mumford Pamela H

Purchase Details

Closed on
May 3, 1994
Sold by
Brownell Brian E and Brownell Victoria
Bought by
Brownell Brian E and Brownell Victoria

Purchase Details

Closed on
Apr 28, 1994
Sold by
Fallbrook Associates Ltd
Bought by
The Village Inn

Purchase Details

Closed on
Jan 30, 1984
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Fallbrook, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$4,175,000 Fidelity National Title Co
Dipiero Donald $3,575,000 Chicago Title
Mission Village Apartments Llc $3,000,000 Chicago Title Company Sd
Clemons Holdings Llc $800,000 Ticor Title San Diego Branch
Swanson Ii Don -- United Title Company
Cc 1433 South Mission Llc -- --
Mcdonald Mitchell J $2,350,000 United Title Company San Die
Miller David L -- --
Miller David $1,115,000 Commonwealth Land Title Co
Patel Mahesh N -- Fidelity National Title Co
Village Apartments Llc -- --
Fallbrook Country Inn Llc $692,000 Commonwealth Land Title Co
Alvarez Catherine S $805,000 First American Title
Aspen Mtg $130,000 Old Republic Title Company
Bows Princess -- --
Hunking Nicole Cindy $1,161,500 First American Title
Goodson William G -- --
Mumford John W -- Chicago Title Co
Mumford John W -- Chicago Title Co
Brownell Brian E -- Chicago Title Company
The Village Inn -- Chicago Title Co
-- $1,170,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $3,150,000
Closed Mission Road Apartments Llc $2,400,000
Previous Owner Dipiero Donald $2,000,000
Previous Owner Mission Village Apartments Llc $2,100,000
Previous Owner Swanson Ii Don $500,000
Previous Owner Cc 1433 South Mission Llc $1,680,000
Previous Owner Mcdonald Mitchell J $1,762,500
Previous Owner Miller David $870,000
Previous Owner Patel Mahesh N $1,040,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/30/2020 10/30/20 Sold $4,175,000 -13.0% $209 / Sq Ft
09/22/2020 09/22/20 For Sale $4,800,000 -- $240 / Sq Ft
08/25/2020 08/25/20 Pending -- -- --
Source: San Diego MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $54,698 $4,606,222 $2,152,956 $2,453,266
2025 $54,698 $4,515,905 $2,110,742 $2,405,163
2024 $53,545 $4,427,358 $2,069,355 $2,358,003
2023 $52,059 $4,340,548 $2,028,780 $2,311,768
2022 $52,069 $4,255,440 $1,989,000 $2,266,440
2021 $50,513 $4,172,000 $1,950,000 $2,222,000
2020 $48,265 $3,889,259 $1,819,231 $2,070,028
2019 $46,413 $3,719,430 $1,872,720 $1,846,710
2018 $39,708 $3,646,500 $1,836,000 $1,810,500
2017 $38,922 $3,575,000 $1,800,000 $1,775,000
2016 $28,142 $2,597,424 $1,298,712 $1,298,712
2015 $27,695 $2,558,410 $1,279,205 $1,279,205
2014 $27,170 $2,508,296 $1,254,148 $1,254,148
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 200045988

San Diego MLS

APN: 104-200-75-00

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