NOT LISTED FOR SALE

2054 E Mission Rd Fallbrook, CA 92028

Estimated Value: $777,000 - $1,038,000

6 Beds
2 Baths
1,539 Sq Ft
$574/Sq Ft Est. Value

Last Sold January 26, 2024

Last sale price $855,000 $556 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,393/month

37 Days on Market

Highlights

  • No HOA
  • No Heating
  • 1-Story Property
  • Laundry Room
  • Back and Front Yard

About This Home

As of January 2024

Exceptional Investment Opportunity in Fallbrook! Immaculately Renovated Duplex Available for Sale. This turnkey property presents a rare chance for multi-unit expansion or an Airbnb opportunity. Both units (2054-2056) are completely remodeled and feature perfectly matched 3 bedrooms and 1 bathroom, with solar, boasting contemporary kitchens and bathrooms. Recent upgrades include new flooring, fresh interior and exterior paint, doors, windows, and a brand-new roof. Each unit offers the convenience of wall unit 'mini-split' air conditioning and separate in unit laundry. The spacious enclosed and fenced lot provides ample parking space. Situated on a generous .3-acre lot, this property is near parks, wineries, and a less than 5 minute drive to the freeway and Downtown Fallbrook! Don't miss out on the endless opportunities of this unique investment opportunity!

Last Agent to Sell the Property

Rose Tausaga

Coldwell Banker West License #01987052 Listed on: 11/30/2023

Coldwell Banker West

Last Buyer's Agent

Courtney Costello

The Oppenheim Group License #01965993

The Oppenheim Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,926

Year Built

  • Built in 1960

Lot Details

  • 0.4 Acre Lot
  • 1 Common Wall
  • Back and Front Yard

Home Design

  • Duplex

Interior Spaces

  • 1,539 Sq Ft Home
  • 1-Story Property

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Additional Features

  • Exterior Lighting
  • No Heating

Listing and Financial Details

  • Tax Lot sec17-9-3w
  • Tax Tract Number 123
  • Assessor Parcel Number 1051110800

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,926

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 424500
  • Property Attached: Yes
  • View: No
  • Zoning: R-1
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 1051110800
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Living Room
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 555.56

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Washer Hookup, Gas Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 17452.00
  • Lot Size Acres: 0.4006

Multi Family

  • Lot Size Area: 17452.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Rent Control: No

Tax Info

  • Tax Lot: sec17-9-3w
  • Tax Tract Number: 123

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2023
Closed on
Jan 16, 2024
Sold by
Ajx Homes Llc
Bought by
Hanks Tyler Aaron and Hanks Meghin Yasmeen
Seller's Agent
Rose Tausaga
Coldwell Banker West
Buyer's Agent
Courtney Costello
The Oppenheim Group
List Price
$859,000
Sold Price
$855,000
Premium/Discount to List
-$4,000
-0.47%
Views
135
Current Estimated Value
$883,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,959
Avg. Annual Appreciation
1.28%
Original Mortgage
$838,877
Outstanding Balance
$825,742
Interest Rate
6.95%
Mortgage Type
FHA
Estimated Equity
$46,608

Purchase Details

Listed on
Feb 19, 2023
Closed on
Jun 13, 2023
Sold by
Velazquez Jose Juan
Bought by
Villa Salvador
Seller's Agent
Hernan Orozco Yances
Realty One Group West
Buyer's Agent
Michael Kelley
HomeSmart Realty West
List Price
$599,000
Sold Price
$570,000
Premium/Discount to List
-$29,000
-4.84%
Views
47

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
92.32%
Original Mortgage
$88,900
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 19, 2023
Closed on
May 22, 2023
Sold by
Villa Salvador
Bought by
Ajx Homes Llc
Seller's Agent
Hernan Orozco Yances
Realty One Group West
Buyer's Agent
Michael Kelley
HomeSmart Realty West
List Price
$599,000
Sold Price
$570,000
Premium/Discount to List
-$29,000
-4.84%
Views
47

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,900
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2005
Sold by
Kennedy Margaret
Bought by
Velazquez Jose and Villa Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,200
Interest Rate
6.33%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 26, 2005
Sold by
Velasquez Maria De Jesus
Bought by
Villa Salvador

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,200
Interest Rate
6.33%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 7, 1988

Purchase Details

Closed on
Jun 26, 1986
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hanks Tyler Aaron $855,000 Ticor Title
Villa Salvador -- --
Ajx Homes Llc $570,000 Provident Title
Velazquez Jose $469,000 Fidelity National Title Co
Villa Salvador -- Fidelity National Title Co
Velasquez Jose -- Fidelity National Title Co
-- $115,000 --
-- $98,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hanks Tyler Aaron $838,877
Previous Owner Ajx Homes Llc $88,900
Previous Owner Ajx Homes Llc $30,000
Previous Owner Ajx Homes Llc $645,000
Previous Owner Velazquez Jose $375,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2024 01/26/24 Sold $855,000 +0.7% $556 / Sq Ft
01/06/2024 01/06/24 Pending -- -- --
12/16/2023 12/16/23 Price Changed $849,000 -1.2% $552 / Sq Ft
11/30/2023 11/30/23 For Sale $859,000 +50.7% $558 / Sq Ft
06/13/2023 06/13/23 Sold $570,000 0.0% $370 / Sq Ft
05/03/2023 05/03/23 Price Changed $570,000 -4.8% $370 / Sq Ft
04/24/2023 04/24/23 For Sale $599,000 +5.1% $389 / Sq Ft
02/19/2023 02/19/23 Off Market $570,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $6,926 $872,100 $561,000 $311,100
2024 $6,926 $645,399 $455,947 $189,452
2023 $6,469 $615,989 $321,390 $294,599
2022 $6,471 $603,912 $315,089 $288,823
2021 $5,273 $500,000 $254,000 $246,000
2020 $5,098 $475,000 $242,000 $233,000
2019 $4,826 $450,000 $230,000 $220,000
2018 $4,522 $420,000 $215,000 $205,000
2017 $750 $390,000 $200,000 $190,000
2016 $3,631 $340,000 $175,000 $165,000
2015 $3,358 $315,000 $163,000 $152,000
2014 $3,198 $300,000 $156,000 $144,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2305878

California Regional Multiple Listing Service (CRMLS)

APN: 105-111-08