NOT LISTED FOR SALE

301 W Elder St Fallbrook, CA 92028

-- Bed
-- Bath
2,936 Sq Ft
7,841 Sq Ft Lot

Last Sold May 06, 2022

Last sale price $950,000 $324 Per Sq Ft

9 Days on Market

Highlights

  • Corner Lot
  • Laundry Room
  • No Heating
  • No HOA

About This Home

As of May 2022

This 4plex has an amazing opportunity - 1 bedroom apartments can be transformed into 2 bedrooms! The County already has them as 2 bedrooms. The bedrooms are large enough to be split, creating an opportunity for increased rental income. Building has been recently painted, new windows installed and new fascia. 2 units on top and 2 units below with large patios. Two of the units have been renovated. There is a parking lot that can accommodate approximately 8 cars. Rents are way below market price. This is a great opportunity!

Last Agent to Sell the Property

Rudy Gallegos

RE/MAX Connections License #01493156 Listed on: 04/04/2022

RE/MAX Connections

Last Buyer's Agent

Matt May

Keller Williams La Jolla License #01509907

Keller Williams La Jolla

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,841 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot

Home Design

  • Property Attached

Interior Spaces

  • 2,936 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces

Additional Features

  • Urban Location
  • No Heating

Listing and Financial Details

  • Tax Lot 75003
  • Tax Tract Number 567
  • Assessor Parcel Number 1032201500

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: No
  • Zoning: R-3
  • Property Type: Residential Income
  • Parcel Number: 1032201500
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Price Per Square Foot: 323.57

Exterior Features

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

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 8.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 7840.80
  • Lot Size Acres: 0.1800

Multi Family

  • Lot Size Area: 0.1800 Acres
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Number With Patio: 2
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 189.04/1
  • Tax Lot: 75003
  • Tax Tract Number: 000567
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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 List to Sale Price per Sq Ft
05/06/2022 05/06/22 Sold $950,000 0.0% $324 / Sq Ft
04/13/2022 04/13/22 Pending -- -- --
04/13/2022 04/13/22 Off Market $950,000 -- --
04/12/2022 04/12/22 For Sale $899,000 -5.4% $306 / Sq Ft
04/11/2022 04/11/22 Off Market $950,000 -- --
04/10/2022 04/10/22 For Sale $899,000 -5.4% $306 / Sq Ft
04/07/2022 04/07/22 Off Market $950,000 -- --
04/04/2022 04/04/22 For Sale $899,000 -- $306 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $10,611 $1,008,145 $314,224 $693,921
2024 $10,611 $988,378 $308,063 $680,315
2023 $10,288 $968,999 $302,023 $666,976
2022 $5,756 $529,062 $164,901 $364,161
2021 $5,583 $518,689 $161,668 $357,021
2020 $5,638 $513,372 $160,011 $353,361
2019 $5,541 $503,307 $156,874 $346,433
2018 $5,458 $493,440 $153,799 $339,641
2017 $5,351 $483,766 $150,784 $332,982
2016 $5,195 $474,281 $147,828 $326,453
2015 $5,096 $467,158 $145,608 $321,550
2014 $5,001 $458,008 $142,756 $315,252
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2203126

California Regional Multiple Listing Service (CRMLS)