Sold
Last Sold Price
1119 Old Stage Rd, Fallbrook, CA 92028
Multi FamilyProperty Type
0.38 acresLot Size

Description

Motivated Seller wants to trade up. Low price per unit & low GRM point to superior investment potential. Immediate upside in income. In the last five years the owner has repaved the parking lot, upgraded three kitchens with new counter tops, and installed many new applicances and upgraded faucets. Seller has self managed. With professional management rents could probably be increased more than enough to offset the management costs. High homeownership in the zip code implies stability.Motivated Seller wants to trade up. Low price per unit & low GRM point to superior investment potential. Immediate upside in income. In the last five years the owner has repaved the parking lot, upgraded three kitchens with new counter tops, and installed many new applicances and upgraded faucets. Seller has self managed. With professional management rents could probably be increased more than enough to offset the management costs. High homeownership in the zip code implies stability.
  • Listed by: Terry Moore CCIM DRE #00918512 • Apartment Consultants, Inc.
Listing closed: 08/20/2014 12:00 AM • Source: SDMLS, MLS#: 140017216

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Location

Listing Courtesy of Apartment Consultants, Inc., Terry Moore CCIM, DRE #00918512

Sold By Harcourts Pacific Shores, Ina Hajek, DRE #01831421

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Payment Calculator

$6,100 per month

30 year fixed, 7.03% Interest

Principal and Interest

$5,072

Property Taxes

$1,028

HOA Dues

$0

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Property Information for 1119 Old Stage Road

Property Details
  • MLS Type: Commercial-Res Income / Apartment
  • City Postal ID: FALLBROOK (92028)
Building Information
  • Lot Size: 0.38 AC / 16,552 SF
Summary Information
Property and Location
  • System ID: 140017216
  • Class: COMMERCIAL-RES INCOME
  • Walk Score: 78
  • Market Area: North County
  • Geological Hazard Zone: Hazard Unknown
  • Flood Zone: Hazard Unknown
Property Information
Property and Assessments
  • Entry Only: No
  • Lot Size: .25 through .50 Acres
  • Assessors Parcel Num: 104-341-23-00
Multi Family Information
Unit 1
  • Unit Rent: 750
  • Unit Rent Total: $7,500
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Number of Bathrooms: 1
Building Details
  • Unit Type: Apartment
  • Age: 1979
  • Have: 10-1bd/1ba
  • Motive/Want: trade up
  • Parking: Spaces
  • SqFt of Improvement: 6,830
  • Tenant Pays Electric: Y
  • Tenant Pays Gas: Y
  • Tenant Pays Water: N

Property History for 1119 Old Stage Road

DateEvent & SourcePriceAppreciation
Aug 20, 2014

Sold

SDMLS #140017216

$950,000—
Jul 2, 2014

Sold (Public Record)

Public Record #432466453

$950,000

+2.3% / yr

Jun 9, 2014

Pending

SDMLS #140017216

—
DateEvent & SourcePrice
08/20/2014

Sold

SDMLS #140017216

$950,000
07/02/2014

Sold (Public Record)

Public Record #432466453

$950,000

+2.3% / yr

06/09/2014

Pending

SDMLS #140017216

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1119 Old Stage Road

Taxable ValueLand$367,762Additions$796,822Total$1,164,584
Tax Record2025$12,338 ($1,028 / month)
Home Facts
Baths10Total Finished SqFt6,830 SqFtAbove Grade Finished SqFt6,830 SqFtLot Size15,195 SqFtStyleMulti-Family Dwelling (2-4)Year Built1979Year Renovated1979ZoningRUCountySAN DIEGOAPN104-341-23-00

Schools near 1119 Old Stage Road

This home is within Fallbrook Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
La Paloma Elementary School
PublicK to 6

James E. Potter Intermediate School
Public7 to 8

Fallbrook High School
Public9 to 12

Ivy High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Apartment Consultants, Inc., Terry Moore CCIM, DRE #00918512

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