Investment Opportunity in Fallbrook! Just reduced again...total of $150K!! Corner property with 3 lots together and is zoned both Commercial and Residential Inc. The total of contiguous lots combined is 10,653 sq feet/ .34 acre approx. Use of this property could be repositioned to suit new owners needs within county guidelines. The property has been used for a successful car sales business and zoning may indicate additional apartments may be added. One structure is an office building with hard-wired sprinkler system and security cameras, plus bathroom, and is approx 640 sq feet. Previously was a successful used car lot! The second building is a duplex that is currently rented month-to-month to long-standing tenants with a great paying history. Each duplex unit is approx 400 sq ft. One is rented for $1,250 per month and one is rented for $1,028.50 per month. Agt opinion-rents are LOW. This asset has high street visibility at the North end of town within walking distance to the heart of Fallbrook's Village, theatre, restaurants, shops, and may be suitable to a cash buyer, cash to new loan or a 1031 exchange property. Expenses are not shown in MLS, but will be shown to serious buyers only. All above remark info is per seller- buyer to verify.
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.
