NOT LISTED FOR SALE
8 Beds
4 Baths
3,186 Sq Ft
6,357 Sq Ft Lot

Sale Details

Date Sold: October 6, 2020

Last sale price $715,000 $224 Per Sq Ft

1 Day on Market

About This Home

As of October 2020

Don't miss out on this great income property with loads of potential. This rare well maintained 4-unit residence is located in the center of Fallbrook. All units are 2BR, 1BA with long term tenants (2 units upstairs and 2 units downstairs). Each unit has its own assigned carport with ample space for parking. Walking distance to schools, shops & restaurants. Please do NOT disturb tenants, shown with accepted offer only.

Last Agent to Sell the Property

Cristina Dagdagan

HomeSmart Realty West License #01110235 Listed on: 08/07/2020

HomeSmart Realty West

Last Buyer's Agent

Nate Serdy

Compass License #01493170

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 6,357

Home Design

  • Composition Roof
  • Wood Siding

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • Carport
  • Parking Available
  • Uncovered Parking

Additional Features

  • 2-Story Property
  • 6,357 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 1031370600

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $26,991
  • Net Operating Income $42,609

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

6,357 Sq Ft Lot

Listing Details

  • CapRate: 3.80
  • Property Attached: No
  • Subdivision Name Other: Fallbrook
  • Zoning: Multi Res
  • Property Type: Residential Income
  • Parcel Number: 1031370600
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Levels: Two

Exterior Features

  • Roof: Composition
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Carport, Uncovered

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 6357.00

Multi Family

  • Gross Multiplier: 13.35
  • Gross Scheduled Income: 54300.00
  • Lot Size Area: 6357.0000 Square Feet
  • Net Operating Income: 42609.00
  • Number Of Units Total: 4
  • Number With Patio: 2
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Total Expenses: 26991.00

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

Closed on
Nov 20, 2021
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
$480,000
Interest Rate
0.0322%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 7, 2020
Closed on
Aug 12, 2020
Sold by
Bought by
Seller's Agent
Cristina Dagdagan
HomeSmart Realty West
Buyer's Agent
Nate Serdy
Compass
List Price
$725,000
Sold Price
$715,000
Premium/Discount to List
-$10,000
-1.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$429,000
Interest Rate
0.0305%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2011
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
$451,500
Interest Rate
0.0437%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 21, 2006
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
$425,000
Interest Rate
0.0667%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 10, 2003
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
$344,000
Interest Rate
0.0584%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 30, 2002
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
$308,000
Interest Rate
0.0617%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 15, 2002
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
$308,000
Interest Rate
0.0617%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 11, 2000
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
$219,119
Interest Rate
0.0811%
Mortgage Type
Commercial

Purchase Details

Closed on
May 25, 1993

Purchase Details

Closed on
Aug 17, 1989

Purchase Details

Closed on
Jun 17, 1983
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$1,150,000 Chicago Title
$715,000 Corinthian Title
-- American Coast Title Company
-- American Coast Title Company
$650,000 Chicago Title
$430,000 Fidelity National Title Co
$20,000 --
$385,000 South Coast Title Company
$274,000 Chicago Title Co
$190,000 --
$217,600 --
$150,000 --
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
Previous Owner $480,000
Previous Owner $429,000
Previous Owner $451,500
Previous Owner $425,000
Previous Owner $455,000
Previous Owner $344,000
Previous Owner $308,000
Previous Owner $219,119
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
10/06/2020 10/06/20 Sold $715,000 -1.4% $224 / Sq Ft
08/08/2020 08/08/20 Pending -- -- --
08/07/2020 08/07/20 For Sale $725,000 -- $228 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2025 $12,836 $1,220,389 $530,604 $689,785
2024 $12,836 $1,196,460 $520,200 $676,260
2023 $12,443 $729,300 $408,000 $321,300
2022 $7,914 $729,300 $408,000 $321,300
2021 $7,668 $715,000 $400,000 $315,000
2020 $7,115 $650,000 $328,000 $322,000
2019 $7,019 $640,000 $323,000 $317,000
2018 $6,289 $570,000 $288,000 $282,000
2017 $750 $530,000 $268,000 $262,000
2016 $5,257 $480,000 $243,000 $237,000
2015 $5,019 $460,000 $233,000 $227,000
2014 $4,807 $440,000 $223,000 $217,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 200037807

California Regional Multiple Listing Service (CRMLS)

APN: 103-137-06-00

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