235 W Kalmia St

Beds
Baths
5,472 Sq. Ft.
$270 / Sq. Ft.
5,472
Sq. Ft.
$270
per Sq. Ft.

Description

6 unit apartment building in a desirable area within Fallbrook, CA. This offer presents buyers with an opportunity to acquire a value add asset with potential to increase the below market rents. The property consists of a low maintenance landscaped building with carport parking for each unit, along with additional off street parking. The lot is .20 acres with building square footage of 5472 sf, with units approx 920 sf each. The building was originally constructed in 1987 and has been very well maintained,...6 unit apartment building in a desirable area within Fallbrook, CA. This offer presents buyers with an opportunity to acquire a value add asset with potential to increase the below market rents. The property consists of a low maintenance landscaped building with carport parking for each unit, along with additional off street parking. The lot is .20 acres with building square footage of 5472 sf, with units approx 920 sf each. The building was originally constructed in 1987 and has been very well maintained, with 4 of 6 units fully remodeled within last 5 years and a new roof installed during that same timeframe. New vinyl fencing was installed covering about 2/3rds of property within last 3 years. This fully occupied building consists of six 2 bed/2bath units in a spacious approx 900 sf, each include fireplaces and fully size laundry units.
  1. Listed by Teresa Adams • DRE #01970935 • Sunshine Properties RealEstate

Property Details for 235 West Kalmia Street

Architectural Style
Modern
Parking Spaces Total
14
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5472
Assessor Parcel Number
103-111-05-00
LISTING UPDATED: 08/27/2021 04:24 AM

Property Details for 235 West Kalmia Street

StatusClosed
MLS #NDP2107549
Days on Market18
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1987
Lot Size0.20 AC / 8,838 SF
CountySan Diego County

Location

Listing Courtesy of Sunshine Properties RealEstate, Teresa Adams, DRE #01970935

Sold By South Coast Commercial, Inc., Gary Kaufman, DRE #01816761

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Building Information for 235 West Kalmia Street

Stories2Residences-Year Built1987Building Size-Lot Size0.20 AC / 8,838 SF

Payment Calculator

$8,755 per month

30 year fixed, 6.36% Interest

Principal and Interest

$7,350

Property Taxes

$1,405

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 235 West Kalmia Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $99,500
  • Gross Scheduled Income: $99,500
  • Net Operating Income: $64,500
  • Cap Rate: 5.0
  • Financing: Cash
Expense Details
  • Operating Expense: $29,000
  • New Taxes Expense: $15,000
  • Gardener Expense: $2,000
  • Electric Expense: $360
  • Insurance Expense: $3,000
  • Professional Management Expense: $7,200
  • Trash Expense: $2,400
  • Water Sewer Expense: $4,800
  • Total Expenses: $35,000
Tax / Assessment Info
  • Tax Tract Number: 103111
  • Tax Lot: 05
Community / Development
Community / Development
  • Accessibility Features: Disability Features, Low Pile Carpeting, No Interior Steps, Parking, Customized Wheelchair Accessible
  • Disability Access: DisabilityAccess, Low Pile Carpeting, No Interior Steps, Other Main Level Modifications
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Foothills, Gutters, Horse Trails, Preserve/Public Land, Sidewalks, Storm Drains, Street Lights, Biking, Dog Park, Hiking
  • Complex Features: Horse Trails
Property / Structure Info
Interior Features
  • Appliances: Built-In Range, Disposal, High Efficiency Water Heater, Refrigerator
  • Equipment: Laundry Closet Stacked, Refrigerator, Room, Stackable W/D Hookup
  • Room Type: Laundry, Living Room, Master Bathroom
  • Laundry: Yes
  • Laundry Features: Individual Room, Stackable
  • Fireplace Features: Den
  • Fireplace Rooms: Den
  • Heating Type: Central
  • Heating: Central
  • Flooring Type: Laminate, Carpet
  • Flooring: Laminate, Carpet
Exterior Features
  • Window Features: ENERGY STAR Qualified Windows
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s)
  • Construction Materials: Drywall Walls, Frame
  • Exterior Construction: Frame
  • Roof: Flat, Tar/Gravel
  • Fence: Yes
  • Fence: Vinyl, Wood
  • Fencing: Vinyl, Wood
  • Foundation Details: Concrete Perimeter
  • Foundation Details: Concrete Perimeter
  • Property Condition: Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Landscaped, Lot 6500-9999, Sprinklers In Front, Sprinklers In Rear, Sprinklers On Side
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Sprinklers: Yes
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Utilities: Electricity Available
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 8
  • Open Other Spaces Total: 8
  • Parking Garage Spaces: 0
  • Carport Spaces: 6
Unit Information
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Number With Disposal: 6
  • Number Wall AC: 6

Property History for 235 West Kalmia Street

DateEvent & SourcePriceAppreciation
Aug 27, 2021

Sold

CRMLS #NDP2107549

$1,475,000
Aug 27, 2021

Sold

CLAW #NDP2107549MR

$1,475,000
Aug 27, 2021

Sold

SDMLS #NDP2107549

$1,475,000
DateEvent & SourcePrice
08/27/2021

Sold

CRMLS #NDP2107549

$1,475,000
08/27/2021

Sold

CLAW #NDP2107549MR

$1,475,000
08/27/2021

Sold

SDMLS #NDP2107549

$1,475,000

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

Public Records for 235 West Kalmia Street

Taxable ValueLand$742,845Additions$822,436Total$1,565,281
Tax Record2025$16,856 ($1,405 / month)
Home Facts
Total Finished SqFt5,472 SqFtAbove Grade Finished SqFt5,472 SqFtLot Size8,838 SqFtStyleMulti-Family Res (5+ Units)Year Built1987ZoningR-4:MULTIPLECountySAN DIEGOAPN103-111-05-00

Schools near 235 West Kalmia Street

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
William H. Frazier 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 Sunshine Properties RealEstate, Teresa Adams, DRE #01970935

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