1133 Old Stage Rd

Fallbrook, CA 92028

$6,115,000
Last Sold Price
3
Beds
2
Baths
13,202 Sq. Ft.
$463 / Sq. Ft.
13,202
Sq. Ft.
$463
per Sq. Ft.
Sold 10/27/23Virtual Tour
Sold 10/27/23Virtual Tour

Description

Rent schedule up $15,000+! $3.7MM 3.05% assumable loan. The Kentucky is a fully renovated apartment community originally built in 1987 located in North San Diego County in Fallbrook, CA. Just minutes to downtown Main Avenue with tree lined streets, restaurants, shops and more, the location is prime. With easy access to employment along the I-78 Corridor (Oceanside to Escondido) and a short drive to Cal State University San Marcos (the fastest growing University in California), Palomar College, Temecula...Rent schedule up $15,000+! $3.7MM 3.05% assumable loan. The Kentucky is a fully renovated apartment community originally built in 1987 located in North San Diego County in Fallbrook, CA. Just minutes to downtown Main Avenue with tree lined streets, restaurants, shops and more, the location is prime. With easy access to employment along the I-78 Corridor (Oceanside to Escondido) and a short drive to Cal State University San Marcos (the fastest growing University in California), Palomar College, Temecula and much more, Fallbrook is considered a desirable enclave separated from the hustle and bustle of urban city life. The property is within close proximity to spectacular wineries/vineyards, wedding venues, golf, equestrian centers, airport/airpark and more. The property has undergone recent significant interior & exterior renovations of over $800,000 to 100% of the units including (but not limited to) new roof, new dual pane windows, exterior paint and stucco repair, asphalt, flooring, stainless appliances, in-unit washer/dryers, plank flooring, quartz counters, new cabinets, custom backsplash, new sinks & faucets, new bathrooms, and much more. The unit mix consists of primarily 2BR units (12 – 2BR/1BA & 6 – 1BR/1BA). The most recent rentals for each unit type reflect the market rent and through yearly rent increases and natural turnover, market rents are easily achievable with no additional renovations required. The vacancy rate in the city of Fallbrook is 1.8% (Costar) with no new construction of apartments in the pipeline. Contact agent for OM.

Property Details for 1133 Old Stage Road

Area Zip
FALLBROOK (92028)
Standard Status
Closed
LISTING UPDATED: 03/03/2025 07:39 PM

Property Details for 1133 Old Stage Road

StatusSold
MLS #230010116
Days on Market145
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial-Res Income / Com-Res Income
Year Built-
Lot Size-
CountySan Diego County

Location

Listing Courtesy of David Santistevan, Corey McHenry, DRE #01800485

Sold By David Santistevan, Corey McHenry, DRE #01800485

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Building Information for 1133 Old Stage Road

Stories2Residences18Year Built-Building Size-Lot Size-

Payment Calculator

$35,289 per month

30 year fixed, 6.15% Interest

Principal and Interest

$29,803

Property Taxes

$5,486

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1133 Old Stage Road

Summary
Location and General Information
  • Coordinates: -117.249674, 33.371705
  • Latitude: 33.371705
  • Longitude: -117.249674
  • MLS Area Major: North County
Parking
  • Carport Spaces: 18.0
  • Parking Total: 24.0
Virtual Tour
Property
Lot Information
  • Building Area Total: 13202.0
  • Building Area Units: Sqft
  • Living Area: 13202
  • 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: 3700000.0
Interior and Exterior Features
Exterior Features
  • Number Of Buildings: 2
Interior Features
  • Bathrooms Half: 0
  • Stories: 2
  • Bedrooms Count: 3
  • Baths Total: 2.0
Multi Family
Income & Expenses
  • Operating Expense: $152,704
  • Proj Gross Sched Income: 517320
  • Proj Gross Multiplier: 11.75
  • Proj Gross Operating Inc: 521142
  • Proj Operating Expense: 153587
  • Projected Net Income: 367555
  • Gross Scheduled Income: $494,578
Multi Family Information
  • Num of Units1: 12
  • Num of Units2: 6
  • Number Of Units Total: 18

Property History for 1133 Old Stage Road

DateEvent & SourcePriceAppreciation
Oct 27, 2023

Sold

SDMLS #230010116

$6,115,000—
Oct 12, 2023

Sold (Public Record)

Public Record #1520849716

$2,321,500

-1.3% / yr

Oct 3, 2023

Pending

SDMLS #230010116

—
May 11, 2023

Listed (Active)

SDMLS #230010116

$6,390,000—
Jan 18, 2019

Sold (Public Record)

Public Record #638989041

$2,475,000

+4.3% / yr

Jan 26, 2015

Sold

SDMLS #140052891

$2,090,000—
Jan 15, 2015

Sold (Public Record)

Public Record #486460912

$2,090,000

+0.9% / yr

Dec 23, 2014

Pending

SDMLS #140052891

—
Sep 26, 2014

Listed (Active)

SDMLS #140052891

$2,295,000—
Jan 5, 2013

Expired

CRMLS #S491571

$2,095,000—
Mar 5, 2009

Expired

CRMLS #S483263

$2,095,000—
Mar 5, 2009

Expired

CLAW #S483263MR

—
Aug 5, 2007

Expired

CLAW #S491571MR

—
Jun 5, 2007

Listed (Active)

CRMLS #CC234146

$2,095,000—
Jun 5, 2007

Listed (Active)

CRMLS #S491571

$2,095,000—
Jun 5, 2007

Listed (Active)

CLAW #S491571MR

$2,095,000—
Apr 11, 2007

Listed (Active)

CLAW #S483263MR

$2,095,000—
Apr 11, 2007

Listed (Active)

CRMLS #S483263

$2,095,000—
Apr 11, 2007

Listed (Active)

CRMLS #CC234057

$2,095,000—
Jan 30, 2005

Expired

SDMLS #41061853

—
Sep 24, 2004

Listed (Active)

SDMLS #41061853

$225,000—
Apr 23, 2004

Sold (Public Record)

Public Record #133289979

$1,890,000

+19.9% / yr

Apr 2, 2002

Sold (Public Record)

Public Record #95026118

$1,300,000—
DateEvent & SourcePrice
10/27/2023

Sold

SDMLS #230010116

$6,115,000
10/12/2023

Sold (Public Record)

Public Record #1520849716

$2,321,500

-1.3% / yr

10/03/2023

Pending

SDMLS #230010116

—
05/11/2023

Listed (Active)

SDMLS #230010116

$6,390,000
01/18/2019

Sold (Public Record)

Public Record #638989041

$2,475,000

+4.3% / yr

01/26/2015

Sold

SDMLS #140052891

$2,090,000
01/15/2015

Sold (Public Record)

Public Record #486460912

$2,090,000

+0.9% / yr

12/23/2014

Pending

SDMLS #140052891

—
09/26/2014

Listed (Active)

SDMLS #140052891

$2,295,000
01/05/2013

Expired

CRMLS #S491571

$2,095,000
03/05/2009

Expired

CRMLS #S483263

$2,095,000
03/05/2009

Expired

CLAW #S483263MR

—
08/05/2007

Expired

CLAW #S491571MR

—
06/05/2007

Listed (Active)

CRMLS #CC234146

$2,095,000
06/05/2007

Listed (Active)

CRMLS #S491571

$2,095,000
06/05/2007

Listed (Active)

CLAW #S491571MR

$2,095,000
04/11/2007

Listed (Active)

CLAW #S483263MR

$2,095,000
04/11/2007

Listed (Active)

CRMLS #S483263

$2,095,000
04/11/2007

Listed (Active)

CRMLS #CC234057

$2,095,000
01/30/2005

Expired

SDMLS #41061853

—
09/24/2004

Listed (Active)

SDMLS #41061853

$225,000
04/23/2004

Sold (Public Record)

Public Record #133289979

$1,890,000

+19.9% / yr

04/02/2002

Sold (Public Record)

Public Record #95026118

$1,300,000

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

Public Records for 1133 Old Stage Road

Taxable ValueLand$2,040,000Additions$4,080,696Total$6,120,696
Tax Record2025$65,827 ($5,486 / month)
Home Facts
Total Finished SqFt13,202 SqFtAbove Grade Finished SqFt13,202 SqFtLot Size23,086 SqFtStyleMulti-Family Res (5+ Units)Year Built1987ZoningR-3:RESTRICTECountySAN DIEGOAPN104-341-22-00

Schools near 1133 Old Stage Road

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

James E. Potter Intermediate School
Public7 to 8

Fallbrook High School
Public9 to 12

Maie Ellis Elementary
PublicK to 6

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 David Santistevan, Corey McHenry, DRE #01800485

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