NOT LISTED FOR SALE

439 N Main Ave Fallbrook, CA 92028

9 Beds
5 Baths
4,232 Sq Ft
1975 Built

Last Sold May 08, 2018

Last sale price $850,000 $201 Per Sq Ft

56 Days on Market

About This Home

As of May 2018

BOM! Happy long term tenants, front unit has been there for 20 years. Fantastic opportunity to own 4 clean and maintained units, walking distance to Main Avenue and restaurants, shopping, schools and library. All have a garage, carport and storage. Up units have vaulted ceilings. Down units have patios. This is a comfortable, building with happy tenants. Laundry income is $200/month. All units are rented on a month to month. Fabulous cap rate! Do not disturb tenants. Shown with accepted offer. Neighborhoods: Downtown Other Fees: 0 Sewer: Sewer Connected Number of Furnished Units: 0 Topography: LL

Last Agent to Sell the Property

Chris Murphy

Epic Realty Group, Inc License #01246689 Listed on: 01/25/2018

Last Buyer's Agent

Allen Frozano

Allison James Estates & Homes License #02034668

Allison James Estates & Homes

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Home Design

  • Composition Roof

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • 2-Story Property
  • Partially Fenced Property

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 1031330900

Community Details

Overview

  • 4 Units
  • 439 N Main Ave

Building Details

  • Net Operating Income $51,990

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Listing Details

  • CapRate: 7.80
  • Park Name: 439 N Main Ave
  • Subdivision Name Other: Fallbrook
  • Property Type: Residential Income
  • Parcel Number: 1031330900
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Appliances: Yes
  • Levels: Two

Exterior Features

  • Fence: Yes
  • Fencing: Partial
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Utilities

  • Heating: Yes
  • Appliances: Gas Water Heater
  • Heating Type: Natural Gas

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Scheduled Income: 66120.00
  • Net Operating Income: 51990.00
  • Number Of Units Total: 4
  • Number With Patio: 2
  • Number With Range: 4
  • Number With Refrigerator: 2
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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
05/08/2018 05/08/18 Sold $850,000 0.0% $201 / Sq Ft
03/22/2018 03/22/18 Pending -- -- --
01/25/2018 01/25/18 For Sale $850,000 -- $201 / 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 $9,983 $948,185 $368,119 $580,066
2024 $9,983 $929,594 $360,901 $568,693
2023 $9,680 $911,368 $353,825 $557,543
2022 $9,684 $893,499 $346,888 $546,611
2021 $9,377 $875,981 $340,087 $535,894
2020 $9,462 $867,000 $336,600 $530,400
2019 $9,289 $850,000 $330,000 $520,000
2018 $9,071 $826,200 $255,000 $571,200
2017 $8,128 $739,500 $224,400 $515,100
2016 $5,689 $520,000 $194,000 $326,000
2015 $5,019 $460,000 $172,000 $288,000
2014 $4,807 $440,000 $165,000 $275,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: 180004463

California Regional Multiple Listing Service (CRMLS)

APN: 103-133-09-00