NOT LISTED FOR SALE

729 E Elder St Fallbrook, CA 92028

10 Beds
4 Baths
4,256 Sq Ft
6,928 Sq Ft Lot

Sale Details

Date Sold: April 19, 2023

Last sale price $1,250,000 $294 Per Sq Ft

11 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Paved or Partially Paved Lot
  • La Paloma Elementary School Rated 9+
  • 4 Attached Carport Spaces
  • No Heating

About This Home

As of April 2023

This desirable fourplex (4 units) is a 2 story building located on the corner of E Elder & Potter St...Close to downtown Fallbrook. Two units consist of 3 bedrooms & 1.5 baths, two consist of 2 bedrooms & 1.5 baths, with all units over 1,050sqft. The two ground floor units were remodeled in 2016. Separately metered for gas and electric, the units have long term tenants with a solid payment history. All plumbing angle stops have been replaced in December 2021, all toilets are low flow, and plumbing lines are copper. There is a laundry room with leased equipment providing the residents with onsite convenience plus extra income for the owner. Each unit is assigned a carport plus amble off street parking for residents.

Last Agent to Sell the Property

Kelly Kohler

Century 21 Affiliated License #01981011 Listed on: 03/04/2023

Century 21 Affiliated

Last Buyer's Agent

Maxwell Brown

CBRE License #02127395

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 6,928 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 4,256 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 10 Parking Spaces
  • 4 Attached Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating

Listing and Financial Details

  • Tax Lot 75002
  • Tax Tract Number 132
  • Assessor Parcel Number 1053414100

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • Electric Expense $499
  • Fuel Expense $1,924
  • Insurance Expense $2,081
  • Trash Expense $2,819
  • Water Sewer Expense $4,818
  • New Taxes Expense $12,979
  • Operating Expense $22,236
  • Gross Income $79,800
  • Net Operating Income $57,563

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

6,928 Sq Ft Lot

Listing Details

  • Assessments: No
  • CapRate: 4.50
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 4818.00
  • Zoning: Multi Family Dwellings Generic Any Co...
  • Property Type: Residential Income
  • Parcel Number: 1053414100
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 293.70

Exterior Features

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

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Attached Carport
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Community
  • Trash Expense: 2819.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 6928.00
  • Lot Size Acres: 0.1590

Multi Family

  • Electric Expense: 499.00
  • Fuel Expense: 1924.00
  • Gross Income: 79800.00
  • Gross Scheduled Income: 79800.00
  • Insurance Expense: 2081.00
  • Lot Size Area: 6928.0000 Square Feet
  • Net Operating Income: 57563.00
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 22236.00
  • Rent Control: No
  • Total Expenses: 22236.00

Tax Info

  • New Taxes Expense: 12979.00
  • Tax Lot: 75002
  • Tax Tract Number: 000132
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 Prior Sale
04/19/2023 04/19/23 Sold $1,250,000 -2.0% $294 / Sq Ft
03/15/2023 03/15/23 Pending -- -- --
03/04/2023 03/04/23 For Sale $1,275,000 +6.3% $300 / Sq Ft
11/05/2021 11/05/21 Sold $1,200,000 0.0% $286 / Sq Ft View Prior Sale
10/01/2021 10/01/21 Pending -- -- --
06/01/2021 06/01/21 For Sale $1,200,000 -- $286 / 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 $13,667 $1,300,500 $468,180 $832,320
2024 $13,667 $1,275,000 $459,000 $816,000
2023 $12,973 $1,200,000 $450,000 $750,000
2022 $12,979 $1,200,000 $450,000 $750,000
2021 $7,131 $667,122 $246,069 $421,053
2020 $7,187 $660,282 $243,546 $416,736
2019 $7,044 $647,336 $238,771 $408,565
2018 $6,937 $634,644 $234,090 $400,554
2017 $6,800 $622,200 $229,500 $392,700
2016 $6,629 $610,000 $225,000 $385,000
2015 $2,501 $228,058 $62,194 $165,864
2014 -- $223,591 $60,976 $162,615
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2301604

California Regional Multiple Listing Service (CRMLS)

APN: 105-341-41-00

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