331 S. Main Ave., Fallbrook, CA 92028 - 240009738 - iPro Real Estate

331 S. Main Ave.
Fallbrook, CA 92028

Active, Multi-Family/Income Sale

For Sale

$1,650,000 $639.04 per sqft

Free Professional CMA

Listing ID : 240009738

  • Beds

  • Structure

    2,582 Sqft


331 S Main Ave is an apartment complex located in the heart of Fallbrook. The property consists of 5 permitted units and 3 additional bootlegs, for a total of 8 rentals. There are 5 two-bedroom and 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, artificial 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.


Type: Multi-Family/Income Sale 
MLS Area: North County 
County: San Diego 
Tax ID: 1040521400
Building Size: 2,582 SqFt 
Gross Income Multiplier: 9.8 
Days on Market: 72 
Number of Units: 5 
Property Type: Residential Income Additional 
Sub Type: Com-Res Income 
Zoning: FBV4 

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33.379642 -117.251663 $1,650,000 240009738
331 S. Main Ave., Fallbrook, CA 92028
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Listed by Cody Evans with South Coast Commercial, Inc.