Sold for $1,500,000

Listed by: South Coast Commercial Inc. • Cody Evans • Contact: 858-729-3094

Bought with: eXp Realty of California, Inc.

$1,500,000

331 S Main Ave, Fallbrook, CA 92028

11beds

2,582sqft

Mixed Use

Built in 1920

8,798 Square Feet Lot

$1,522,800 Zestimate^®

$581/sqft

$2,889 Estimated rent

Home value

$1,522,800

$1.39M - $1.68M

$2,889/mo

Zestimate^® history

Owner options

List your home for rent

$2,889/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

Learn more

$2,889/mo

Rent Zestimate^®

Refinance and save

$9,532/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

See today's rates

$9,532/mo

Est. payment

Explore your selling options

Work with a Zillow partner agent

Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

Get started

List with your own agent

Get your home in front of millions of buyers by listing it on Zillow.

Learn how to do it

Sell it yourself

Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

List your home

What's special

331 S Main Ave is an apartment complex located in the heart of Fallbrook. The property consists of 5 permitted units and 3 additional bootleg rentals, for a total of 8. There are 5 two-bedroom anjavascript:void(0);d one-bath units, 2 studios, and 1 one-bedroom one bath unit. In 2023, the units were significantly renovated inside and out. For the exterior the ownership put on new roofs, siding, dual pane windows, fencing, paint, artifcial turf, and drought-tolerant landscaping. Interior there are new kitchen cabinets, counter tops, flooring, paint, sinks, and vanities. Based on in place income of approx. $14,000 a month this turn-key investment offers it all, cash flow without any heavy repositioning.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 11
Bathrooms: 8
Full bathrooms: 8

Rooms

Room types: Kitchen, Living Room, Primary Bathroom, Primary Bedroom

Cooling

Wall/Window Unit(s)

Appliances

Laundry: None

Features

Has fireplace: No
Fireplace features: None
Common walls with other units/homes: 1 Common Wall

Interior area

Total interior livable area: 2,582 sqft

Property

Features

Levels: One
Stories: 1
Entry location: Front Door
Pool features: None
Has view: Yes
View description: Hills

Lot

Size: 8,798 Square Feet
Features: Back Yard, Front Yard, Landscaped, Near Public Transit

Details

Parcel number: 1040521400
Zoning: FBV4 (buyer to verify)
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Mixed Use
Attached to another structure: Yes

Condition

Year built: 1920

Utilities & green energy

Sewer: Public Sewer

Community & HOA

Community

Features: Curbs, Gutter(s), Sidewalks

Location

Region: Fallbrook

Financial & listing details

Price per square foot: $581/sqft
Date on market: 10/14/2024
Listing terms: Cash,Cash to New Loan,1031 Exchange

Price history

Date	Event	Price
11/21/2024	Sold	$1,500,000-6.2%$581/sqft
Source: CRMLS #PTP2406337 Report a problem
8/26/2024	Price change	$1,599,999-3%$620/sqft
Source: SDMLS #240013970 Report a problem
6/18/2024	Listed for sale	$1,650,000+88.6%$639/sqft
Source: SDMLS #240013970 Report a problem
4/7/2023	Sold	$875,000$339/sqft
Source: SDMLS #220027303 Report a problem