NOT LISTED FOR SALE

4045 Reche Rd Fallbrook, CA 92028

4 Beds
3 Baths
2,466 Sq Ft
4.07 Acres

Last Sold July 24, 2020

Last sale price $685,235 $278 Per Sq Ft

377 Days on Market

Highlights

  • Detached Guest House
  • Gated Parking
  • View of Hills
  • Horse Property
  • 4.07 Acre Lot
  • Wooded Lot

About This Home

As of July 2020

Multi Family 4 Acre property with a total of 3 permitted units. The 2 story main house was split into an upper and lower level. Upper Level has 2 bedrooms 1 full bathroom, fireplace and its own enclosed yard. The bottom level has 1 spacious bedroom 1/2 bathroom and office or can be used as a 2nd bedroom. 3rd unit is separate with 1 bedroom 1 bath Studio. All 3 units have been recently renovated within the last 5 years. Property has many many citrus fruit trees (oranges, lemons, limes, tangerines) with irrigation system.Tenants pay for electricity, gas and trash. Current owner pay for water, taxes and insurance. Must see to appreciate. All 3 units are currently tenant occupied.

Last Agent to Sell the Property

IRMA SANCHEZ

Keller Williams Palos Verdes License #01879415 Listed on: 06/08/2019

Keller Williams Palos Verdes

Last Buyer's Agent

Tom Hackett

Re/Max Coastal Homes License #01429775

Re/Max Coastal Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,987

Year Built

  • Built in 1957

Lot Details

  • 4.07 Acre Lot
  • 1 Common Wall
  • Rural Setting
  • Drip System Landscaping
  • Corner Lot
  • Irregular Lot
  • Lot Sloped Down
  • Wooded Lot
  • Density is 2-5 Units/Acre

Home Design

  • Split Level Home
  • Property Attached
  • Shingle Roof

Interior Spaces

  • 2,466 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Living Room
  • Workshop
  • Views of Hills

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer Hookup

Parking

  • 10 Parking Spaces
  • Parking Available
  • Workshop in Garage
  • Private Parking
  • Driveway
  • Gated Parking
  • Unpaved Parking

Additional Homes

  • Two Homes on a Lot
  • Detached Guest House

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Natural Gas Connected
  • Well
  • Septic Type Unknown

Additional Features

  • Horse Property
  • Agricultural

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Tax Lot 15
  • Assessor Parcel Number 1081601500

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Gardener Expense $200
  • Insurance Expense $1,080
  • Trash Expense $600
  • Water Sewer Expense $3,600
  • New Taxes Expense $8,875
  • Operating Expense $15,555
  • Gross Income $52,800
  • Net Operating Income $40,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,987

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 3600.00
  • Zoning: R1
  • Property Type: Residential Income
  • Gardener Expense: 200.00
  • Parcel Number: 1081601500
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: 3 entrances
  • Common Walls: 1 Common Wall
  • Fireplace Features: Family Room
  • Levels: One, Two, Multi/Split
  • Price Per Square Foot: 277.87
  • Room Type: Kitchen, Living Room, Workshop

Exterior Features

  • Other Structures: Guest House Detached, Two On A Lot
  • View: Hills
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Asphalt, Unpaved, Gated, Private, Workshop in Garage
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Laundry Features: Outside, Washer Hookup
  • Sewer: Septic Type Unknown
  • Trash Expense: 600.00
  • Water Source: Public, Well
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Agricultural, Corner Lot, Sloped Down, Horse Property, Irregular Lot, No Landscaping, Sprinklers Drip System, Treed Lot
  • Lot Size Sq Ft: 177289.00
  • Lot Size Acres: 4.0700

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 52800.00
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 1080.00
  • Lot Size Area: 177289.0000 Square Feet
  • Net Operating Income: 40800.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number Wall A C: 1
  • Number With Patio: 2
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 12000.00
  • Rent Control: Yes
  • Total Actual Rent: 4400.00
  • Total Expenses: 15555.00

Tax Info

  • New Taxes Expense: 8875.00
  • Tax Census Tract: 188.02
  • Tax Lot: 15
  • Tax Tract Number: 00
  • Tax Annual Amount: 5987.00
  • Tax Year: 2019

Range of Values:

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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 Change Sq Ft Price
07/24/2020 07/24/20 Sold $685,235 0.0% $278 / Sq Ft
07/24/2020 07/24/20 Sold $685,235 -3.5% $424 / Sq Ft
06/19/2020 06/19/20 Pending -- -- --
06/19/2020 06/19/20 Pending -- -- --
05/22/2020 05/22/20 For Sale $710,000 0.0% $439 / Sq Ft
04/27/2020 04/27/20 For Sale $710,000 0.0% $288 / Sq Ft
04/01/2020 04/01/20 Pending -- -- --
04/01/2020 04/01/20 Pending -- -- --
03/02/2020 03/02/20 Price Changed $710,000 -5.3% $439 / Sq Ft
12/02/2019 12/02/19 Price Changed $750,000 0.0% $464 / Sq Ft
12/02/2019 12/02/19 For Sale $750,000 -5.1% $464 / Sq Ft
07/29/2019 07/29/19 Pending -- -- --
06/25/2019 06/25/19 For Sale $790,000 0.0% $488 / Sq Ft
06/23/2019 06/23/19 Price Changed $790,000 +11.3% $488 / Sq Ft
06/08/2019 06/08/19 For Sale $710,000 -13.9% $288 / Sq Ft
05/08/2019 05/08/19 For Sale $825,000 -- $510 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV20046003

California Regional Multiple Listing Service (CRMLS)

APN: 108-160-15-00