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329 N Pico Ave

Fallbrook, CA 92028
  • $1,950,000
  • STATUS: ACTIVE
  • ON SITE: 57 Days
  • ID#: 220025265
UPDATED: 59 min ago
$1,950,000
  • 9
    BEDS
  • N/A
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1974
County:

School Ratings & Info

Description

Attractive Price/Sq.ft ($390/sq ft) and upside in rents (Proforma Cap Rate of 5.83%)! Perfect for an investment or a potential investment property of owner-occupant. The Brooks is a property with a total of 5 Units - 4 Units + Recently Finished ADU (1br/1bt-$1800). The property has an excellent unit mix, renovated exterior, brand new ADU w/ high end finishes, 2 Garages and also has patio's attached to the bottom units. The 3br/2bt is a Townhome Style 2-story Unit that has a private entry, patios for 2nd story units and private yard for downstairs units, and AC in all units. A new owner can take advantage of residential financing while still having multiple units for optimal cash flow.

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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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/133706881
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329 N Pico Ave Fallbrook, CA 92028

  • Price: $1,950,000
  • Status: ACTIVE
  • On Site: 57 Days
  • Updated: 59 min ago
  • ID#: 220025265
9
Beds
5
Baths
0
½ Baths
N/A
Acres
1974
Built
Neighborhood:
Historic Downtown Fallbrook
County:
San Diego
Area:
Fallbrook (92028)
Property Description
Attractive Price/Sq.ft ($390/sq ft) and upside in rents (Proforma Cap Rate of 5.83%)! Perfect for an investment or a potential investment property of owner-occupant. The Brooks is a property with a total of 5 Units - 4 Units + Recently Finished ADU (1br/1bt-$1800). The property has an excellent unit mix, renovated exterior, brand new ADU w/ high end finishes, 2 Garages and also has patio's attached to the bottom units. The 3br/2bt is a Townhome Style 2-story Unit that has a private entry, patios for 2nd story units and private yard for downstairs units, and AC in all units. A new owner can take advantage of residential financing while still having multiple units for optimal cash flow.
Exterior Features

Exterior Wood/Stucco Fencing Full Roof Wood Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 2 Units With Patios 5

Interior Features

Cooling Other/Remarks Furnished Units 0 Half Baths Unit1 1 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Stories 2 Story Total Baths Unit1 3 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Unit4 Laundry Hook Ups Common Units With Cooling 5 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 1 Units With Range Oven 5 Units With Refrigerators 5 Units With Washers 0

Property Features

Actual Cap Rate 4.06 Age Restrictions N/K Annual Expense Actual 35180 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community Fallbrook Complex Park The Brooks Apartments Cross Streets W Mission Gross Rent Multiplier Actual 206.79 Gross Scheduled Income Actual 117720 Gross Scheduled Income Project 145560 Home Owners Fees 0.0 Mandatory Remarks None Known Market Area North County Monthly Total Fees 0 Net Operating Income Projected 106150 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 5.86 Sales Restrictions N/K Security Other/Remarks Short Sale No Tenant Pays ElectricityGas/Propane Terms CashConventionalOther/Remarks Unit Number For Unit1 A Unit Number For Unit2 B Unit Number For Unit3 C Unit Number4 D Unit1 Deposit 2400 Unit1 Occupied Tenant Unit1 Projected Rent 3200.0 Unit1 Rent Actual 2400.0 Unit2 Deposit 1610 Unit2 Occupied Tenant Unit2 Projected Rent 2450.0 Unit2 Rent Actual 1610.0 Unit3 Deposit 2150 Unit3 Occupied Tenant Unit3 Projected Rent 2450 Unit3 Rent Actual 2150.0 Unit4 Deposit 1470 Unit4 Occupied Tenant Unit4 Projected Rent 2300 Unit4 Rent Actual 1470.0

San Diego MLS logo Listing provided courtesy of Keller Williams Realty: [IDXCONTACTINFORMATION]. Listing information © 2022 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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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