Ruben Abrego
Coldwell Banker Realty
(760) 891-2416
58 Total Sales
3 in Fallbrook
$110K - $694K Price Range
721 E Elder St Fallbrook, CA 92028
Fallbrook Area
12
Beds
8
Baths
4,256
Sq Ft
8,712
Sq Ft Lot
Highlights
- Open Floorplan
- Contemporary Architecture
- No HOA
- La Paloma Elementary School Rated 9+
- Main Floor Primary Bedroom
- Balcony
About This Home
As of August 2022Well 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
Aramis Realty Group Inc. License #01251247 Listed on: 07/25/2022
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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
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
Jun 15, 2017
Sold by
Bought by
Purchase Details
Closed on
Jul 17, 2015
Sold by
Bought by
Purchase Details
Closed on
Apr 4, 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
$350,000
Interest Rate
4.77%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 30, 2007
Sold by
Bought by
Purchase Details
Closed on
Mar 3, 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
$600,000
Interest Rate
7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 17, 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
$600,000
Interest Rate
7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 11, 2005
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
$455,000
Interest Rate
7.75%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 8, 2005
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
$455,000
Interest Rate
7.75%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 25, 1999
Sold by
Bought by
Purchase Details
Closed on
Apr 23, 1999
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
$172,500
Interest Rate
6.12%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 25, 1999
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
$172,500
Interest Rate
6.12%
Mortgage Type
Commercial
Purchase Details
Closed on
May 22, 1990
Purchase Details
Closed on
May 12, 1988
Sold by
Bought by
Purchase Details
Closed on
Jul 19, 1985
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Fallbrook, CA
-
Ruben Abrego
-
Alfonso Sanchez
Alfonso Sanchez
Real Estate People
(760) 421-5302
24 Total Sales
2 in Fallbrook
$230K - $425K Price Range
-
Kevin Silberman
Kevin Silberman
Coldwell Banker Realty
(760) 691-5343
111 Total Sales
2 in Fallbrook
$908,000 Price Range
-
Ken Schwartz
Ken Schwartz
Century 21 Affiliated
(858) 519-9762
98 Total Sales
1 in Fallbrook
$1,050,000 Price
-
Jay Sener
Jay Sener
Molly Winkle, Broker
(858) 289-5777
17 Total Sales
2 in Fallbrook
$1,110,000 Price Range
-
Matt O'Brien
Matt O'Brien
Matthew Sean O'Brien, Broker
(858) 239-0940
36 Total Sales
1 in Fallbrook
$1,030,000 Price
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 |
|---|---|---|---|
| -- | None Available | ||
| -- | None Available | ||
| $510,000 | Stewart Title Of California | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | Chicago Title Co | ||
| $750,000 | Chicago Title Co | ||
| -- | Fidelity National Title San | ||
| $650,000 | Fidelity National Title San | ||
| -- | Fidelity National Title Co | ||
| -- | -- | ||
| -- | First American Title | ||
| $250,000 | First American Title | ||
| $265,000 | -- | ||
| $1,279,000 | Landwood Title | ||
| $170,900 | -- |
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 | $350,000 | ||
| Previous Owner | $350,000 | ||
| Previous Owner | $600,000 | ||
| Previous Owner | $455,000 | ||
| Previous Owner | $172,500 |
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 |
|---|---|---|---|---|
| 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
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 |
|---|---|---|---|---|
| 2026 | $14,323 | $1,357,284 | $424,483 | $932,801 |
| 2025 | $13,983 | $1,330,671 | $416,160 | $914,511 |
| 2024 | $13,983 | $1,304,580 | $408,000 | $896,580 |
| 2023 | $13,554 | $1,279,000 | $400,000 | $879,000 |
| 2022 | $6,682 | $615,706 | $193,162 | $422,544 |
| 2021 | $6,457 | $603,634 | $189,375 | $414,259 |
| 2020 | $6,507 | $597,446 | $187,434 | $410,012 |
| 2019 | $6,378 | $585,732 | $183,759 | $401,973 |
| 2018 | $6,281 | $574,248 | $180,156 | $394,092 |
| 2017 | $6,157 | $562,989 | $176,624 | $386,365 |
| 2016 | $6,001 | $551,951 | $173,161 | $378,790 |
| 2015 | $5,907 | $543,661 | $170,560 | $373,101 |
| 2014 | $5,795 | $533,012 | $167,219 | $365,793 |
Source: Public Records
Agents Affiliated with this Home
-
Jill Hollon
Seller's Agent in 2022
Jill Hollon
Aramis Realty Group Inc.
(714) 225-1725
12 Total Sales
-
Sue Na
Buyer's Agent in 2022
Sue Na
Keller Williams Realty
(619) 778-9617
20 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW22162622
APN: 105-341-39-00
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.
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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