Bryan Devore
Berkshire Hathaway HomeService
(442) 264-0879
188 Total Sales
8 in Fallbrook
$702K - $1.3M Price Range
228 N Pasadena Ave Fallbrook, CA 92028
Fallbrook Area
5
Beds
4
Baths
2,698
Sq Ft
1968
Built
About This Home
As of April 2025**4-Units, 5.01% CAP** This well-located 4-Unit single level apartment complex contains three (3) 1Bedroom/1Bathroom units and one (1) 2Bedroom/1Bathroom unit. Two units will be delivered vacant making it the perfect opportunity for an owner occupant or value-add investor. Property amenities include a common area laundry facility, private yards for each unit, and air conditioning, and seven (7) surface parking spots. 5.01% CAP on Actuals. 5.71% CAP on Proforma. Situated near Downtown Fallbrook, the property is walking distance to shops and restaurants.
Last Agent to Sell the Property
Apartment Realty Group (ARG) License #01991625 Listed on: 03/17/2025
Last Buyer's Agent
Inez Lockwood
Marina Beach Real Estate License #00285073
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1968
Home Design
- Composition Roof
- Stucco Exterior
Interior Spaces
- 1-Story Property
Community Details
- 4 Units
- Net Operating Income $59,892
Listing and Financial Details
- Tenant pays for electricity, gas/propane
- Assessor Parcel Number 103-310-12-00
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
Mar 17, 2025
Closed on
Mar 31, 2025
Sold by
Bought by
Seller's Agent
Angelo La Bruna
Apartment Realty Group (ARG)
Buyer's Agent
Inez Lockwood
Marina Beach Real Estate
List Price
$1,195,000
Sold Price
$1,130,000
Premium/Discount to List
-$65,000
-5.44%
Views
14
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$847,500
Outstanding Balance
$835,851
Interest Rate
6.63%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 17, 2025
Closed on
Mar 27, 2025
Sold by
Bought by
Seller's Agent
Angelo La Bruna
Apartment Realty Group (ARG)
Buyer's Agent
Inez Lockwood
Marina Beach Real Estate
List Price
$1,195,000
Sold Price
$1,130,000
Premium/Discount to List
-$65,000
-5.44%
Views
14
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$847,500
Outstanding Balance
$835,851
Interest Rate
6.63%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 21, 2020
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$534,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 31, 2018
Sold by
Bought by
Purchase Details
Closed on
Apr 20, 2010
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.82%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Fallbrook, CA
-
Bryan Devore
-
Adela Rivera
Adela Rivera
Real Estate eBroker Inc
(858) 251-7906
23 Total Sales
3 in Fallbrook
$332K - $810K Price Range
-
Mary Valentine- Frolander
Mary Valentine- Frolander
First Team Real Estate
(442) 237-9602
106 Total Sales
3 in Fallbrook
$1.2M - $1.4M Price Range
-
Dawn Lewis
Dawn Lewis
Real Broker
(858) 223-9989
138 Total Sales
4 in Fallbrook
$330K - $1.4M Price Range
-
Julia Biggs
Julia Biggs
Biggs Real Estate Professional
(951) 261-8723
63 Total Sales
1 in Fallbrook
$850,000 Price
-
Kay Merg
Kay Merg
RE/MAX Connections
(858) 905-5706
53 Total Sales
1 in Fallbrook
$2,990,000 Price
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 |
|---|---|---|---|
| $1,130,000 | Lawyers Title | ||
| -- | Lawyers Title Company | ||
| $737,500 | Lawyers Title Company | ||
| $575,000 | Chicago Title | ||
| $310,000 | Lawyers Title Insurance Co |
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 | $847,500 | ||
| Previous Owner | $534,000 | ||
| Previous Owner | $210,000 |
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 |
|---|---|---|---|---|
| 04/16/2025 04/16/25 | Sold | $1,130,000 | -5.4% | $419 / Sq Ft |
| 03/27/2025 03/27/25 | Pending | -- | -- | -- |
| 03/17/2025 03/17/25 | For Sale | $1,195,000 | -- | $443 / Sq Ft |
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 | $8,617 | $1,152,600 | $765,000 | $387,600 |
| 2025 | $8,412 | $798,289 | $386,266 | $412,023 |
| 2024 | $8,412 | $782,638 | $378,693 | $403,945 |
| 2023 | $8,159 | $767,293 | $371,268 | $396,025 |
| 2022 | $8,162 | $752,249 | $363,989 | $388,260 |
| 2021 | $7,907 | $737,500 | $356,852 | $380,648 |
| 2020 | $6,556 | $598,228 | $289,463 | $308,765 |
| 2019 | $6,440 | $586,499 | $283,788 | $302,711 |
| 2018 | $3,918 | $351,676 | $170,165 | $181,511 |
| 2017 | $3,842 | $344,781 | $166,829 | $177,952 |
| 2016 | $3,723 | $338,021 | $163,558 | $174,463 |
| 2015 | $3,648 | $332,945 | $161,102 | $171,843 |
| 2014 | $3,581 | $326,424 | $157,947 | $168,477 |
Source: Public Records
Agents Affiliated with this Home
-
Angelo La Bruna
Seller's Agent in 2025
Angelo La Bruna
Apartment Realty Group (ARG)
(858) 837-1456
65 Total Sales
-
I
Buyer's Agent in 2025
Inez Lockwood
Marina Beach Real Estate
-
Adam Nogueira
Buyer's Agent in 2025
Adam Nogueira
SimpliHOM, Inc
(760) 535-5387
71 Total Sales
Map
Source: San Diego MLS
MLS Number: 250021651
APN: 103-310-12-00
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