$1,050,000
SOLD APR 21, 2025

420-26 N Vine St Fallbrook, CA 92028

9 Beds
6 Baths
4,232 Sq Ft
7,050 Sq Ft Lot

Recently Sold

$248 Per Sq Ft

13 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • No Heating

About This Home

As of April 2025

Prime Investment & Instant Equity Opportunity in Fallbrook – Act Fast! This is your chance to secure a high-potential, value-add four-plex in the heart of Fallbrook! Whether you’re an investor seeking immediate cash flow or an owner-occupant looking to offset your mortgage with rental income, this property delivers. The spacious three-bedroom, 21⁄2-bath unit is perfect for a primary residence, while the three additional two-bedroom, one-bath units provide steady rental income.(Picture of the furnished living room is digitally staged) Long-term tenants (5+ years) ensure reliable cash flow, while the new owner improves one unit at a time! But here’s where the real opportunity lies, this is a handyman special, a fixer’s dream with deferred maintenance that, once addressed, unlocks huge upside potential. With strategic upgrades, you can maximize rents, boost property value, and gain instant equity. Additional perks include on-site laundry for extra income, private garages for each unit, and additional parking space, all features tenants love. Located just steps from Main Street and local shops, plus easy I-15 access, this property is in a prime rental location. Deals like this don’t last! With a little bit of elbow, grease, you’ll unlock built-in value that would normally take years of market appreciation to achieve. Don’t let this opportunity pass you by, this one will get snapped up by a savvy investor or entrepreneur who knows that with a little risk the rewards can be exponential. Drive by today, but do not disturb tenants. Interior viewings available with the listing agent present!

Last Agent to Sell the Property

Virginia Gissing

RE/MAX Connections Brokerage Email: vgissing@icloud.com License #01857605 Listed on: 03/15/2025

RE/MAX Connections

Last Buyer's Agent

Pete Diryawush

J. Peter Realtors License #01816251

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 7,050 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 4,232 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Utilities

  • No Heating

Listing and Financial Details

  • Tax Lot Tr 567 Blk 38 Lot 3
  • Tax Tract Number 567
  • Assessor Parcel Number 1031330600

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $2,940
  • Insurance Expense $6,500
  • Trash Expense $2,897
  • Water Sewer Expense $9,807
  • New Taxes Expense $11,550
  • Operating Expense $36,444
  • Gross Income $82,200
  • Net Operating Income $51,446

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.95
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 9807.00
  • Zoning: R-3:RESTRICTED MULTIPLE
  • Property Type: Residential Income
  • Parcel Number: 1031330600
  • Year Built: 1975
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 248.11

Exterior Features

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

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2897.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7050.00
  • Lot Size Acres: 0.1618

Multi Family

  • Fuel Expense: 2940.00
  • Gross Income: 82200.00
  • Gross Scheduled Income: 82200.00
  • Insurance Expense: 6500.00
  • Lot Size Area: 7050.0000 Square Feet
  • Net Operating Income: 51446.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 30754.00
  • Rent Control: No
  • Total Expenses: 36444.00

Tax Info

  • New Taxes Expense: 11550.00
  • Tax Lot: Tr 567 Blk 38 Lot 3
  • Tax Tract Number: 000567

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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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
04/21/2025 04/21/25 Sold $1,050,000 0.0% $248 / Sq Ft
03/28/2025 03/28/25 Pending -- -- --
03/15/2025 03/15/25 For Sale $1,050,000 -- $248 / Sq Ft
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 $5,242 $495,772 $193,156 $302,616
2024 $5,242 $486,052 $189,369 $296,683
2023 $5,088 $476,522 $185,656 $290,866
2022 $5,089 $467,179 $182,016 $285,163
2021 $4,939 $458,020 $178,448 $279,572
2020 $4,989 $453,325 $176,619 $276,706
2019 $4,905 $444,437 $173,156 $271,281
2018 $4,831 $435,723 $169,761 $265,962
2017 $4,736 $427,181 $166,433 $260,748
2016 $4,596 $418,806 $163,170 $255,636
2015 $4,507 $412,517 $160,720 $251,797
2014 $4,423 $404,437 $157,572 $246,865
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2502498

California Regional Multiple Listing Service (CRMLS)