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228-34 N Pasadena Ave

Fallbrook, CA 92028
  • $1,295,000
  • STATUS: ACTIVE
  • ON SITE: 21 Days
  • ID#: 250016789
UPDATED: 72 min ago
$1,295,000
  • 5
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,698
    SQFT
  • $480
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1968
County:

School Ratings & Info

Description

This well-located 4-Unit single level apartment complex contains three (3) 1Bedroom/1Bathroom units and one (1) 2Bedroom/1Bathroom unit. Two units will be delivered vacant making it the perfect opportunity for an owner occupant or value-add investor. Property amenities include a common area laundry facility, private yards for each unit, and air conditioning, and seven (7) surface parking spots. 4.54% CAP on Actuals. 5.19% CAP on Proforma. Situated near Downtown Fallbrook, the property is walking distance to shops and restaurants.

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San Diego MLS logo 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 © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/159577259
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228-34 N Pasadena Ave Fallbrook, CA 92028

  • Price: $1,295,000
  • Status: ACTIVE
  • On Site: 21 Days
  • Updated: 72 min ago
  • ID#: 250016789
5
Beds
4
Baths
0
½ Baths
N/A
Acres
2,698
SQFT
$480
$/SQFT
1968
Built
Neighborhood:
Downtown
County:
San Diego
Area:
Fallbrook (92028)
Property Description
This well-located 4-Unit single level apartment complex contains three (3) 1Bedroom/1Bathroom units and one (1) 2Bedroom/1Bathroom unit. Two units will be delivered vacant making it the perfect opportunity for an owner occupant or value-add investor. Property amenities include a common area laundry facility, private yards for each unit, and air conditioning, and seven (7) surface parking spots. 4.54% CAP on Actuals. 5.19% CAP on Proforma. Situated near Downtown Fallbrook, the property is walking distance to shops and restaurants.
Exterior Features

Exterior Wood/Stucco Fencing N/K Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Unit4 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 4

Interior Features

Cooling Other/Remarks Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Unit4 Laundry Hook Ups No Units With Cooling 4 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0

Property Features

Actual Cap Rate 4.54 Age Restrictions N/K Annual Expense Actual 31736 Annual Expense Projected 32175 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Community FALLBROOK Complex Park N/a Cross Streets N Pasadena & W Ivy Gross Rent Multiplier Actual 13.87 Gross Rent Multiplier Project 12.64 Gross Scheduled Income Actual 88560 Gross Scheduled Income Project 97020 Mandatory Remarks None Known Market Area North County Monthly Total Fees 0 Net Operating Income Projected 67172 Other Fees 0.0 Other Income Actual 4800 Projected Cap Rate 5.19 Projected Other Income 5400.0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays SewerTrashWaterElectricityGas/Propane Terms Other/Remarks Unit Number For Unit1 228 Unit Number For Unit2 230 Unit Number For Unit3 232 Unit Number4 234 Unit1 Deposit 1200 Unit1 Occupied Tenant Unit1 Projected Rent 1895.0 Unit1 Rent Actual 1695.0 Unit2 Deposit 0 Unit2 Occupied Vacant Unit2 Projected Rent 1895.0 Unit2 Rent Actual 0.0 Unit3 Deposit 0 Unit3 Occupied Vacant Unit3 Projected Rent 1895 Unit3 Rent Actual 0.0 Unit4 Deposit 1000 Unit4 Occupied Tenant Unit4 Projected Rent 2400 Unit4 Rent Actual 1895.0

San Diego MLS logo Listing provided courtesy of Angelo La Bruna of Apartment Realty Group (ARG): 858-247-1095. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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