NOT LISTED FOR SALE

721 E Elder St Fallbrook, CA 92028

12 Beds
8 Baths
4,256 Sq Ft
8,712 Sq Ft Lot

Last Sold August 22, 2022

Last sale price $1,279,000 $301 Per Sq Ft

10 Days on Market

Highlights

  • Open Floorplan
  • Main Floor Primary Bedroom
  • Balcony
  • Contemporary Architecture
  • No HOA
  • Triple Pane Windows

About This Home

As of August 2022

Well maintained, beautiful Four-Plex--ALL are three bedroom units, with two baths. These units have been updated with newer triple paned windows, Near new roof (2020) newer paint, newer rain gutters. scraped ceilings, and ceiling fans. Some units feature new wood plank look luxury vinyl flooring! Some units have laminate wood flooring. Recently replaced interior raised panel doors. Mini blinds window coverings. Featuring two units down and 2 units up-- spacious open floorplans flow to patio in downstairs units and balcony in upstairs units. Mature landscaping with shade trees and pathways. Newer privacy fencing along property, and wrought iron railings along stair pathways. Long term tenants with upside potential on below market rents. Units include kitchen with pantry, microwaves, refrigerators, and free standing gas ranges. Open Flow Dining Area and Living Room. 2 units have 1.75 baths, 2 units have 1.5 baths. Carport space for each unit, plus some additional parking on property, and on street. Additional income from convenient on-site community laundry room. Truly a nice investment property in Fallbrook.

Last Agent to Sell the Property

Jill Hollon

Aramis Realty Group Inc. License #01251247 Listed on: 07/25/2022

Last Buyer's Agent

Sue Na

Keller Williams Realty License #01298363

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,457

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 8,712 Sq Ft Lot
  • Property fronts an alley
  • Two or More Common Walls
  • Wrought Iron Fence
  • Chain Link Fence
  • Fence is in excellent condition
  • Density is 16-20 Units/Acre

Home Design

  • Contemporary Architecture
  • Quadruplex
  • Flat Roof Shape
  • Slab Foundation
  • Frame Construction
  • Tar and Gravel Roof
  • Asphalt Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,256 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Triple Pane Windows
  • Window Screens
  • Sliding Doors
  • Panel Doors
  • Living Room

Kitchen

  • Gas Range
  • Free-Standing Range
  • Microwave
  • Tile Countertops
  • Formica Countertops
  • Disposal

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • Primary Bedroom on Main
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Open Parking Spaces
  • 6 Parking Spaces
  • 4 Carport Spaces
  • On-Street Parking
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace
  • Vented Exhaust Fan
  • Overhead Utilities
  • Natural Gas Connected
  • Central Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • More Than Two Accessible Exits
  • Energy-Efficient Windows
  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 12
  • Tax Tract Number 132
  • Assessor Parcel Number 1053413900
  • $93 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Fallbrook Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $300
  • Fuel Expense $1,800
  • Gardener Expense $1,080
  • Insurance Expense $2,062
  • Maintenance Expense $1,200
  • Other Expense $552
  • Pest Control $480
  • Trash Expense $2,100
  • Water Sewer Expense $7,200
  • Operating Expense $15,743
  • Gross Income $2,700
  • Net Operating Income $53,665

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,457

Year Built

Built in 1965 | Remodeled

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 319750
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Security: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
  • Subdivision Name Other: Fallbrook
  • View: No
  • Water Sewer Expenses: 7200.00
  • Zoning: C31
  • Architectural Style: Contemporary
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 1053413900
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Ceiling Fan(s), Formica Counters, Open Floorplan, Pantry, Recessed Lighting, Tile Counters, Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Vinyl
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Door Features: Panel Doors, Sliding Doors
  • Levels: Two
  • Price Per Square Foot: 300.52
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom
  • Window Features: Screens, Triple Pane Windows

Exterior Features

  • Foundation: Slab
  • Exterior Features: Lighting, Rain Gutters
  • Fence: Yes
  • Fencing: Chain Link, Excellent Condition, Wrought Iron
  • Pool Private: No
  • Roof: Asphalt, Flat, Tar/Gravel
  • Spa: No
  • Construction Materials: Frame, Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 4.00
  • Parking Features: Assigned, Carport, Off Street, Street
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Disposal, Gas Range, Microwave, Refrigerator, Vented Exhaust Fan, Water Heater Central
  • Electric: Electricity - On Property
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Common Area, Individual Room
  • Pest Control Expense: 480.00
  • Sewer: Public Sewer
  • Trash Expense: 2100.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban

Green Features

  • Efficiency: Windows

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre, Utilities - Overhead
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average3 Bed Area: 1064 Square Feet
  • Electric Expense: 300.00
  • Fuel Expense: 1800.00
  • Gross Income: 2700.00
  • Gross Operating Income: 69408.00
  • Gross Scheduled Income: 72300.00
  • Insurance Expense: 2062.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 2700.00
  • Lot Size Area: 8712.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 53665.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 15743.00
  • Other Expense: 552.00
  • Other Expense Description: Laundry
  • Rent Control: Yes
  • Total Actual Rent: 5800.00
  • Total Expenses: 15743.00
  • Vacancy Allowance: 2892
  • Vacancy Allowance Rate: 4.00

Tax Info

  • Tax Census Tract: 189.04
  • Tax Lot: 12
  • Tax Tract Number: 132
  • Tax Annual Amount: 6457.00
  • TaxOtherAnnualAssessmentAmount: 93.00

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
08/22/2022 08/22/22 Sold $1,279,000 0.0% $301 / Sq Ft
07/25/2022 07/25/22 For Sale $1,279,000 -- $301 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jill Hollon

    Seller's Agent in 2022

    Jill Hollon

    Aramis Realty Group Inc.

    (714) 225-1725

    1 in this area

    11 Total Sales

    Section Image
  • Sue Na

    Buyer's Agent in 2022

    Sue Na

    Keller Williams Realty

    (619) 778-9617

    1 in this area

    16 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW22162622

California Regional Multiple Listing Service (CRMLS)

APN: 105-341-39-00

California San Diego County Fallbrook 92028

721 E Elder St, Fallbrook, CA

This home is located at 721 E Elder St, Fallbrook, CA 92028 since 25 July 2022. This property was built in 1965. 721 E Elder St is a home located in San Diego County with nearby schools including La Paloma Elementary School, James E. Potter Intermediate School, and Fallbrook High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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