Sold
Last Sold Price
5 beds4 baths19,970 sqft
1433 S Mission Rd, Fallbrook, CA 92028
Multi FamilyProperty Type
$209/sq ftPrice per sq ft

Description

We are pleased to present Village Apartments, a 25-unit apartment complex located at 1433 South Mission Road in the community of Fallbrook. The subject property is situated on 1.31 acres and is comprised of 18 two-bedroom/one-bath, 1 two-bedroom/two bath, and 6 one-bedroom/one-bath units totaling approximately 19,970 rentable square feet. The complex consists of two-story wood frame and stucco construction, with concrete slab foundations and pitched roofs. Village Apartments features a sparkling...We are pleased to present Village Apartments, a 25-unit apartment complex located at 1433 South Mission Road in the community of Fallbrook. The subject property is situated on 1.31 acres and is comprised of 18 two-bedroom/one-bath, 1 two-bedroom/two bath, and 6 one-bedroom/one-bath units totaling approximately 19,970 rentable square feet. The complex consists of two-story wood frame and stucco construction, with concrete slab foundations and pitched roofs. Village Apartments features a sparkling swimming pool, covered parking, air-conditioned units, on-site laundry facility, and is equipped with energy saving solar panels. Residents are ideally located on South Mission Road, a heavily travelled commercial corridor with bus line access to vista and convenient walkability to nearby restaurants and retail. The vibrant Fallbrook town center is approximately one mile from Village Apartments and features an eclectic collection of shops, galleries and unique local businesses.
  • Listed by: Kire Nastevski 858.373.3182 kire.nastevski@marcusmillichap.com DRE #01312183 • Marcus & Millichap
Listing closed: 10/30/2020 12:00 AM • Source: SDMLS, MLS#: 200045988

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Recent comparable sales

Median sold price

$1,275,000

Avg days on market

80

Sale-to-list ratio

90.2%

Fallbrook, CA

9 comparable properties found

$1,200,000 | 394 Hill Court, Fallbrook, CA 92028
1

$1,200,000

Sold 11/12/24

5
Bedrooms
2,650
Square Feet
1.3
Acres
a front view of a house with a garden
2

$1,225,000

Sold 09/04/25

5
Bedrooms
3,859
Square Feet
0.36
Acres
3

$1,225,000

Sold 08/26/25

5
Bedrooms
4
Bathrooms
3,859
Square Feet
0.36
Acres
an aerial view of a house with a garden
1/58
4

$1,280,000

Sold 08/15/25

5
Bedrooms
3,829
Square Feet
Unavailable
Acres
$1,275,000 | 2455 Clearcrest Lane, Fallbrook, CA 92028
5

$1,275,000

Sold 08/26/26

5
Bedrooms
2,836
Square Feet
0.5
Acres
$1,400,000 | 1776 Camino De Nog, Fallbrook, CA 92028
6

$1,400,000

Sold 10/22/25

5
Bedrooms
4,195
Square Feet
2.48
Acres
a view of car parked in garage
1/14
7

$862,500

Sold 12/30/25

5
Bedrooms
Unavailable
Square Feet
Unavailable
Acres
a view of city and mountain
8

$1,350,000

Sold 04/30/26

5
Bedrooms
4,200
Square Feet
1.13
Acres
$1,640,000 | 1495 Meredith Road, Fallbrook, CA 92028
9

$1,640,000

Sold 10/28/25

5
Bedrooms
4,360
Square Feet
1.05
Acres

Location

Listing Courtesy of Marcus & Millichap, Kire Nastevski, DRE #01312183

Sold By Marcus & Millichap, Kire Nastevski, DRE #01312183

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$26,846 per month

30 year fixed, 7.03% Interest

Principal and Interest

$22,288

Property Taxes

$4,558

HOA Dues

$0

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Property Information for 1433 South Mission Road

Property Details
  • MLS Type: Commercial-Res Income / Com-Res Income
  • Area Zip: FALLBROOK (92028)
  • Standard Status: Closed
Building Information
  • Residences: 25
Summary
Location and General Information
  • Coordinates: -117.252513, 33.367172
  • Latitude: 33.367172
  • Longitude: -117.252513
  • MLS Area Major: North County
Virtual Tour
Property
Lot Information
  • Building Area Total: 19970.0
  • Building Area Units: Sqft
  • Living Area: 19970
  • Living Area Units: Sqft
  • Lot Size Area: 0.0
  • Lot Size Units: Acres
  • Lot Size:
Property and Assessments
  • Property Sub Type: Com-Res Income
  • Property Type: Residential Income
  • Year Built: 0
  • Assumable Finance: 0.0
Interior and Exterior Features
Interior Features
  • Bathrooms Half: 0
  • Bedrooms Count: 5
  • Baths Total: 4.0
Multi Family
Income & Expenses
  • Operating Expense: $172,605
  • Gross Scheduled Income: $371,472
Multi Family Information
  • Num of Units1: 6
  • Num of Units2: 18
  • Num of Units3: 1
  • Number Of Units Total: 25

Property History for 1433 South Mission Road

DateEvent & SourcePriceAppreciation
Oct 30, 2020

Sold

SDMLS #200045988

$4,175,000—
Oct 26, 2020

Sold (Public Record)

Public Record #681949222

$4,175,000

+4.1% / yr

Sep 22, 2020

Listed (Active)

SDMLS #200045988

$4,800,000—
DateEvent & SourcePrice
10/30/2020

Sold

SDMLS #200045988

$4,175,000
10/26/2020

Sold (Public Record)

Public Record #681949222

$4,175,000

+4.1% / yr

09/22/2020

Listed (Active)

SDMLS #200045988

$4,800,000

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

Public Records for 1433 South Mission Road

Taxable ValueLand$2,152,956Additions$2,453,266Total$4,606,222
Tax Record2025$54,698 ($4,558 / month)
Home Facts
Total Finished SqFt9,968 SqFtAbove Grade Finished SqFt9,968 SqFtLot Size57,064 SqFtStyleMulti-Family Dwelling (2-4)Year Built1965Year Renovated1965ZoningC36CountySAN DIEGOAPN104-200-75-00

Schools near 1433 South Mission 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
Live Oak 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1433 South Mission Road, Fallbrook, CA 92028
$4,175,000
5
4
19,970
–
–
–
–
3,066
–
$330,000
3
1,064
10,454
$600,000
4
1,588
11,325
$399,000
3
1,120
10,706
$1,375,000
–
–
7,000
–

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Kire Nastevski, DRE #01312183

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 SDMLS®. 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 © 2026 SDMLS®, Inc.