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Sold for $1,050,000
  • Listing Provided by: RE/MAX Connections
    Bought with: J. Peter Realtors
    $1,050,000

    420-26 N Vine St, Fallbrook, CA 92028

    9beds
    6baths
    4,232sqft
    Multi Family
    Built in 1975
    -- sqft lot
    $1,185,900 Zestimate®
    $248/sqft
    $2,157 Estimated rent

    Home value

    $1,185,900

    $1.08M - $1.30M

    $2,157/mo

    Zestimate® history
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    $6,647/mo

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    What's special

    Prime Investment & Instant Equity Opportunity in Fallbrook – Act Fast! This is your chance to secure a high-potential, value-add four-plex in the heart of Fallbrook! Whether you’re an investor seeking immediate cash flow or an owner-occupant looking to offset your mortgage with rental income, this property delivers. The spacious three-bedroom, 2½-bath unit is perfect for a primary residence, while the three additional two-bedroom, one-bath units provide steady rental income.(Picture of the furnished living room is digitally staged) Long-term tenants (5+ years) ensure reliable cash flow, while the new owner improves one unit at a time! But here’s where the real opportunity lies, this is a handyman special, a fixer’s dream with deferred maintenance that, once addressed, unlocks huge upside potential. With strategic upgrades, you can maximize rents, boost property value, and gain instant equity. Additional perks include on-site laundry for extra income, private garages for each unit, and additional parking space, all features tenants love. Located just steps from Main Street and local shops, plus easy I-15 access, this property is in a prime rental location. Deals like this don’t last! With a little bit of elbow, grease, you’ll unlock built-in value that would normally take years of market appreciation to achieve. Don’t let this opportunity pass you by, this one will get snapped up by a savvy investor or entrepreneur who knows that with a little risk the rewards can be exponential. Drive by today, but do not disturb tenants. Interior viewings available with the listing agent present!

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Virginia Gissing DRE #01857605 vgissing@icloud.com,

    RE/MAX Connections

    Bought with:

    Peter Diryawush, DRE #01816251

    J. Peter Realtors

    Source: CRMLS,MLS#: NDP2502498MLS LogoOriginating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 6
    Appliances
    • Laundry: Common Area
    Features
    • Has fireplace: No
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 4,232
    • Total interior livable area: 4,232 sqft

    Property

    Features
    • Entry location: Front door
    • Pool features: None
    Lot
    • Size: 7,050 sqft
    • Features: 2-5 Units/Acre
    Details
    • Parcel number: 1031330600
    • Zoning: R-3:RESTRICTED MULTIPLE
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 1975

    Utilities & green energy

    • Sewer: Public Sewer

    Community & neighborhood

    Community
    • Community features: Curbs
    Location
    • Region: Fallbrook

    Other

    Other facts
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    4/21/2025Sold$1,050,000$248/sqft
    Source: CRMLS #NDP2502498 Report a problem
    3/29/2025Pending sale$1,050,000$248/sqft
    Source: CRMLS #NDP2502498 Report a problem
    3/16/2025Listed for sale$1,050,000+21%$248/sqft
    Source: CRMLS #NDP2502498 Report a problem
    12/13/2019Listing removed$867,500$205/sqft
    Source: RE/MAX United #190045128 Report a problem
    8/14/2019Listed for sale$867,500+125.3%$205/sqft
    Source: RE/MAX United #190045128 Report a problem
    6/19/2009Sold$385,000-29.1%$91/sqft
    Source: Public Record Report a problem
    12/10/2008Sold$543,106-13.1%$128/sqft
    Source: Public Record Report a problem
    6/14/2004Sold$625,000$148/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,371 +2.5%$495,772 +2%
    2024$5,242 +3%$486,052 +2%
    2023$5,088 0%$476,522 +2%
    2022$5,089 +3.1%$467,179 +2%
    2021$4,939 -1%$458,020 +1%
    2020$4,989 +3.8%$453,325 +2%
    2019$4,804 -0.6%$444,437 +2%
    2018$4,831 +2%$435,723 +2%
    2017$4,736 +3.1%$427,181 +2%
    2016$4,596 +2%$418,806 +1.5%
    2015$4,507 +1.9%$412,517 +2%
    2014$4,423 $404,437 +0.5%
    2013-- $402,610 +2%
    2012-- $394,717 +2%
    2011-- $386,978 +0.8%
    2010-- $384,087 -20%
    2009-- $480,000 -29%
    2008-- $676,516

    Find assessor info on the county website

    Neighborhood: 92028

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,185,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,185,900