329 N Pico Ave, Fallbrook, CA 92028
- $1,625,000
- List Price
- $1,625,000
- Price Change
- ▼ $70,000 1781219914
- Status
- ACTIVE
- MLS#
- 260007450SD
- Days on Market
- 119
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property Description
PRICE REDUCTION! Highly renovated 5-Plex right next to vibrant downtown Fallbrook, CA (North County San Diego). 4 of 5 units have been substantially renovated, along with the exterior of the property. Units are all rented at artificially low rents, giving a new owner an opportunity to increase rents with ease. Fallbrook has one of the lowest vacancy rates in all of San Diego County (2.9% - Costar). The property has an ideal unit mix of: 1 large 3BR/2.5BA TH (potential owner's unit), 3 - large 2BR/1BA's & 1 - 1BR/1BA. 8 off-street parking spaces & 2 garages. (10 total bedrooms and 6.5 bathrooms)
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Additional Information
- Cooling
- Yes
- Attached Structure
- Detached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $128,294
- Operating Expense
- 42974
Listing courtesy of Listing Agent: Corey McHenry (corey.mchenry@colliers.com) from Listing Office: David Santistevan.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.