We are pleased to present the “Solara Apartments,” a 13-unitmultifamily community located in Fallbrook, CA. Located at725 Alturas Lane, the property offers investors the opportunity to acquire a well-positioned asset in a growing North San Diego County submarket known for its relative affordability and strong rental demand. Built in 1988, the property is comprised entirely of thirteen (13)two-bedroom/two-bathroom residences averaging approximately 927 square feet. Each unit has been extensively remodeled and features upgraded bathrooms, stainless steel appliances, and quartz kitchen countertops with black, grey, and white backsplash tile. The property amenities also include air conditioners, off-street parking, on-site laundry facilities, pet area, and a BBQ and shared patio area. Situated on a 0.57-acre lot, the property benefits from a low-density setting with a residential feel. Residents enjoy convenient access to local retail, schools, and employment centers, along with regional connectivity to Oceanside, Temecula, and greater San Diego County. With its desirable unit composition, strong in-place income, and favorable submarket fundamentals, the “Solara Apartments” represents a compelling opportunity to acquire a stable, income-producing asset with long-term upside potential.
**Three (3) Detached Cottage Style Homes on One Lot** Great Location in One of San Diego’s Strongest Rental Markets • Two (2) Detached 2Bdrm/1Bthrm Houses + One (1) Detached Studio • All Units Have Private Yards, In-Unit Laundry, & Off-Street Parking • Well-Maintained / High Income Property • Separately Metered for SDGE & Submetered for Water • Walking Distance to Downtown Fallbrook • Nearby Ammunition Rd w/ Direct Access to Camp Pendleton
**Three (3) Detached Cottage Style Homes on One Lot** Great Location in One of San Diego’s Strongest Rental Markets • Two (2) Detached 2Bdrm/1Bthrm Houses + One (1) Detached Studio • All Units Have Private Yards, In-Unit Laundry, & Off-Street Parking • Well-Maintained / High Income Property • Separately Metered for SDGE & Submetered for Water • Walking Distance to Downtown Fallbrook • Nearby Ammunition Rd w/ Direct Access to Camp Pendleton
PRICE REDUCTION! Highly renovated 5-Plex right next to vibrant downtown Fallbrook, CA (North County San Diego). 4 of 5 units have been substantially renovated, along with the exterior of the property. Units are all rented at artificially low rents, giving a new owner an opportunity to increase rents with ease. Fallbrook has one of the lowest vacancy rates in all of San Diego County (2.9% - Costar). The property has an ideal unit mix of: 1 large 3BR/2.5BA TH (potential owner's unit), 3 - large 2BR/1BA's & 1 - 1BR/1BA. 8 off-street parking spaces & 2 garages. (10 total bedrooms and 6.5 bathrooms)
Fallbrook is located in California. Fallbrook, California has a population of 32,999. Fallbrook is less family-centric than the surrounding county with 29.99% of the households containing married families with children. The county average for households married with children is 33.76%.
The median household income in Fallbrook, California is $73,165. The median household income for the surrounding county is $88,240 compared to the national median of $69,021. The median age of people living in Fallbrook is 34.5 years.
The average high temperature in July is 84.4 degrees, with an average low temperature in January of 45.1 degrees. The average rainfall is approximately 13.9 inches per year, with 0 inches of snow per year.
