5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

We are pleased to present 423 North Main Avenue apartments. The property is situated in downtown Fallbrook and historically has low vacancy. Boasting a strong unit mix, an abundance of parking, and strong financials this property is a great choice for a seasoned investor or first time buyer. Fallbrook is about 15 miles from the Pacific Ocean and just a short drive to Interstate 15. It is easily accessible from San Diego, Orange County, Riverside, & Los Angeles.We are pleased to present 423 North Main Avenue apartments. The property is situated in downtown Fallbrook and historically has low vacancy. Boasting a strong unit mix, an abundance of parking, and strong financials this property is a great choice for a seasoned investor or first time buyer. Fallbrook is about 15 miles from the Pacific Ocean and just a short drive to Interstate 15. It is easily accessible from San Diego, Orange County, Riverside, & Los Angeles.
  1. Listed by Anthony Mendes • DRE #01845642 • Brokerage DRE #01845642 • The Mendes Company

Property Details for 423 Main

Cross Streets
Mission
Source Living Area
404
Area
Fallbrook (FALL)
Home owner Dues
$0
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
103-133-03-00
LISTING CLOSED: 03/10/2016 12:00 AM

Property Details for 423 Main

StatusSold
MLS #160001646SD
Days on Market14
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1975
Lot Size-
CountySan Diego County
Add your commute

Building Information for 423 Main

Stories2Residences-Year Built1975Building Size-Lot Size-

Payment Calculator

$3,202 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,202

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Rocket Mortgage1

Property Information for 423 Main

Community / Development
Community / Development
  • Complex Name: N/A
  • Number Of Units: 4
  • Pets Allowed: Call For Rules
  • Amenities: Assoc Pet Rules, Gated Community
  • Association Fees Include: N/K
  • Builders Tract Name: Downtown Fallbrook
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 2
  • View: No
  • View Description: None
  • Security Features: Gated
  • Water: Meter on Property
  • Sewer: Sewer Connected
  • Water Heater Features: Gas
  • Water District: FALLBROOK PUBLIC UTILITY DISTRI
Contract Info
Contract Info
  • Financing: Conventional
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $34,823.00
  • Gross Scheduled Income: $50,880
  • Cap Rate: 5.57%
  • Gross Rent Multiplier: $12.28
  • Other Income1: $.00
  • Total Annual Expense: 14531
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
  • Lot Location: Other/Remarks
Parking Details
Parking Details
  • Parking Garage: None, None Known
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: None
  • Heating Type: Natural Gas, Wall
Exterior Features
Exterior Features
  • Pool: Yes
  • Pool Description: None
  • Spa: No
  • Roof: Tar and Gravel
  • Fence: Partial
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional, Exchange, FHA, VA
  • Tenant Pays: Electricity, Sewer, Water
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Rent: $1,200.00
  • Unit Actual Rent: $1,200.00
  • Unit Projected Rent: $1,225.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $900.00
  • Unit Actual Rent: $900.00
  • Unit Projected Rent: $975.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $900.00
  • Unit Actual Rent: $900.00
  • Unit Projected Rent: $975.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $1,000.00
  • Unit Actual Rent: $1,000.00
  • Unit Projected Rent: $1,025.00
  • Like Units: 1

Property History for 423 Main

DateEvent & SourcePriceAppreciation
Mar 10, 2016

Sold

CLAW #160001646SD

$630,000
Jan 25, 2016

Pending

CLAW #160001646SD

Jan 1, 2016

Listed (Active)

CLAW #160001646SD

$625,000
DateEvent & SourcePrice
03/10/2016

Sold

CLAW #160001646SD

$630,000
01/25/2016

Pending

CLAW #160001646SD

01/01/2016

Listed (Active)

CLAW #160001646SD

$625,000

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

Schools near 423 Main

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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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 The Mendes Company, Anthony Mendes, DRE #01845642

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