Courtesy: Windermere Real Estate
Rare investment opportunity to own 3 completely renovated and leased units with excess land for a potential lot split and future development or storage!! The possibilities are endless here! Perfect for multi-generational living or rent out one or two units to help supplement the mortgage payments. Front House: 3BD/2BA (1,321 Sqft) Attached Jr ADU: (412 Sqft) and Detached ADU: 2BD/1BA (820 Sqft) Located near downtown Fallbrook, just 2 blocks to the library, Main Avenue and the farmer’s market! Plenty of options for parking with large two car garage and extra deep single storage garage. Nice corner lot with mountain views to the east. All units include 9 ft ceilings, new roofs, new dual pane windows, doors and sliders,all new plumbing, electrical and HVAC systems, separately metered electric, fire sprinklers, SS appliances, new soft close cabinets with quartz countertops, ceilings fans in all the bedrooms, luxury vinyl plank and laminate flooring, private yards, and new washer/dryers.
Investment Opportunity in Fallbrook! Just reduced $100k! Corner property with 3 lots together and is zoned both Commercial and Residential. 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, and is approx 640 sq feet. The second building is a duplex that is currently rented month-to-month to lng-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 $935 per month. This asset has high street visibility at the North end of town within walking distance to the heart of town, 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 31,121. Fallbrook is less family-centric than the surrounding county with 30.16% of the households containing married families with children. The county average for households married with children is 34.63%.
The median household income in Fallbrook, California is $56,468. The median household income for the surrounding county is $70,588 compared to the national median of $57,652. The median age of people living in Fallbrook is 37 years.
The average high temperature in July is 80.6 degrees, with an average low temperature in January of 40.1 degrees. The average rainfall is approximately 14.5 inches per year, with 0 inches of snow per year.
