329 N Pico Ave Fallbrook, CA 92028
Estimated payment $10,131/month
About This Home
Highly renovated 5-Plex right next to vibrant downtown Fallbrook, CA (North County San Diego). 4 of 5 units have been substantially renovated, along with the exterior of the property. Units are all rented at artificially low rents, giving a new owner an opportunity to increase rents with ease. Fallbrook has one of the lowest vacancy rates in all of San Diego County (2.9% - Costar). The property has an ideal unit mix of: 1 large 3BR/2.5BA TH (potential owner's unit), 3 - large 2BR/1BA's & 1 - 1BR/1BA. 8 off-street parking spaces & 2 garages. (10 total bedrooms and 6.5 bathrooms)
Property Details
Home Type
- Multi-Family
Home Design
Interior Spaces
- 10 Bedrooms
- 4,903 Sq Ft Home
- 2-Story Property
Parking
- Garage
- Parking Available
Community Details
- 5 Units
- Operating Expense $43,725
Map
Home Values in the Area
Average Home Value in this Area
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 | $12,992 | $1,235,245 | $595,337 | $639,908 |
| 2024 | $12,992 | $1,211,025 | $583,664 | $627,361 |
| 2023 | $12,594 | $1,187,280 | $572,220 | $615,060 |
| 2022 | $11,597 | $1,071,000 | $561,000 | $510,000 |
| 2021 | $6,770 | $630,463 | $236,423 | $394,040 |
| 2020 | $6,834 | $623,999 | $233,999 | $390,000 |
| 2019 | $6,714 | $611,764 | $229,411 | $382,353 |
| 2018 | $6,612 | $599,769 | $224,913 | $374,856 |
| 2017 | $6,483 | $588,009 | $220,503 | $367,506 |
| 2016 | $5,257 | $480,000 | $179,000 | $301,000 |
| 2015 | $5,019 | $460,000 | $172,000 | $288,000 |
| 2014 | $4,807 | $440,000 | $165,000 | $275,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/26/2026 03/26/26 | For Sale | $1,695,000 | -- | $346 / Sq Ft |
Source: San Diego MLS
MLS Number: 260007450
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