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    2017 Rainbow Valley Blvd

    Fallbrook, CA 92028
    • $525,000
    • STATUS: ACTIVE
    • ON SITE: 47 days
    • ID#: 210001224
    UPDATED: 65 min ago
    $525,000
    • 3
      BEDS
    • 0.34
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 1,144
      SQFT
    • $459
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1974
    County:

    Description

    High cap rate in this market for two units investment property with a trailer and space to expand for extra bedrooms on each unit or add ADU to make your cap rate even higher. Flat lot with easy access to highway 15, near downtown fallbrook shopping center bus station. It’s on a septic tank and has two separate meters of gas and electric.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/113317388
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    2017 Rainbow Valley Blvd Fallbrook, CA 92028

    • Price: $525,000
    • Status: ACTIVE
    • Updated: 65 min ago
    • ID#: 210001224
    3
    Beds
    3
    Baths
    0
    ½ Baths
    0.34
    Acres
    1,144
    SQFT
    $459
    $/SQFT
    1974
    Built
    Neighborhood:
    Rainbow Valley
    County:
    San Diego
    Area:
    Fallbrook (92028)
    Elementary School:
    Fallbrook Union Elementary District
    Middle School:
    Fallbrook Union Elementary District
    High School:
    Fallbrook Union High School District
    Property Description
    High cap rate in this market for two units investment property with a trailer and space to expand for extra bedrooms on each unit or add ADU to make your cap rate even higher. Flat lot with easy access to highway 15, near downtown fallbrook shopping center bus station. It’s on a septic tank and has two separate meters of gas and electric.
    Exterior Features

    Boat Facilities Yes Exterior StuccoWood Fencing Partial Frontage Open Space Frontage Dimensions In Feet 60 Irrigation N/K Lot Dimensions Approx 60X247 Parking For RV Potential Space Parking Garage Desc Unit1 N/K Parking Garage Desc Unit2 N/K Parking Garage Desc Unit3 N/K Parking Garage Desc Unit4 N/K Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 0 Parking Garage Spaces Unit3 0 Parking Non Garage Desc Unit1 Assigned Parking Non Garage Desc Unit2 Assigned Parking Non Garage Desc Unit3 Assigned Parking Non Garage Desc Unit4 None Known Pool N/K Pool Heat None Known Roof Composition Site Public Street Spa N/K Spa Heat None Known Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 0 View Other/Remarks

    Interior Features

    Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Heat Equipment Wall/Gravity Heat Source Natural Gas Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 0 Water Heater Type Gas

    Property Features

    Actual Cap Rate 7.0 Additional Property Use Ranch/Farm Age Restrictions N/K Annual Expense Actual 7620 Annual Expense Projected 4400 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community Fallbrook Complex Features N/K Complex Park N/A Cross Streets Hwy 395 Gross Rent Multiplier Actual 0.0 Gross Scheduled Income Actual 36600 Gross Scheduled Income Project 43200 Home Owners Assoc Fee Includes N/K Mandatory Remarks None Known Market Area North County Miscellaneous N/K Monthly Total Fees 0 Net Operating Income Projected 38800 Other Fee Type N/K Other Fees 0.0 Other Income Actual 0 Pets Yes Possession Close Of Escrow Projected Cap Rate 8.2 Projected Other Income 0.0 Sales Restrictions N/K Security N/K Sewer Septic Septic Installed Short Sale No Telecommunications N/K Tenant Pays Cable TvElectricityGas/PropaneHot Water Terms CashConventional Unit Number For Unit1 A Unit Number For Unit2 B Unit Number For Unit3 Trailer Unit1 Deposit 1100 Unit1 Occupied Tenant Unit1 Projected Rent 1250.0 Unit1 Rent Actual 1100.0 Unit2 Deposit 1100 Unit2 Occupied Tenant Unit2 Projected Rent 1250.0 Unit2 Rent Actual 1100.0 Unit3 Deposit 200 Unit3 Occupied Tenant Unit3 Projected Rent 1100 Unit3 Rent Actual 800.0 Vacation Rental By Owner Yes Water Meter On Property Water District City Of San Diego Zoning Agricultur

    Listing provided courtesy of Bluxen. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101