303 West Clemmens Lane

Fallbrook, CA 92028

$7,975,000
Price
2
Beds
1
Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

2.93% assumable loan! Suburban North San Diego County. Fully Renovated. 100% 2BR Units! Avocado Place is an excellent apartment investment opportunity located in North San Diego County in Fallbrook, CA. Just minutes to downtown Fallbrook 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),...2.93% assumable loan! Suburban North San Diego County. Fully Renovated. 100% 2BR Units! Avocado Place is an excellent apartment investment opportunity located in North San Diego County in Fallbrook, CA. Just minutes to downtown Fallbrook 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 was originally built in 1988 and was extensively renovated in 2019/2020. Upgrades include (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 owner also added a 22nd unit with permits. Buyer to verify. The submarket vacancy rate of 1.8% (Costar) in Fallbrook is the lowest in San Diego County, with no new construction of apartments in the pipeline. 8.4% Cash on Cash Yield from Day 1. Please contact brokers for Offering Memorandum.
  1. Listed by Corey McHenry • DRE #01800485 • David Santistevan

Property Details for 303 West Clemmens Lane

City Postal ID
FALLBROOK (92028)

Location

Listing Courtesy of David Santistevan, Corey McHenry, DRE #01800485
Add your commute
LISTING UPDATED: 12/06/2023 11:38 AM

Property Details for 303 West Clemmens Lane

StatusActive
MLS #230023403
Days on Market145
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial-Res Income
Year Built-
Lot Size-
CountySan Diego County

Location

Listing Courtesy of David Santistevan, Corey McHenry, DRE #01800485
Add your commute

Payment Calculator

$46,507 per month

30 year fixed, 7.25% Interest

Principal and Interest

$43,523

Property Taxes

$2,984

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 303 West Clemmens Lane

Summary Information
Property and Location
  • System ID: 230023403
  • Class: COMMERCIAL-RES INCOME
  • Street Number Numeric: 303
  • Street Direction: W
  • Street Name: Clemmens Lane
  • Market Area: North County
Property Information
Property and Assessments
  • Entry Only: No
  • Assessors Parcel Num: 104-162-65-00
Multi Family Information
Unit 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Number of Bathrooms: 1
Building Details
  • Age: 1988
  • Construction: Frame
  • Have: N/A
  • Motive/Want: N/A
  • SqFt of Improvement: 16,764

Property History for 303 West Clemmens Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 303 West Clemmens Lane

Taxable ValueLand$1,340,252Additions$2,037,182Total$3,377,434
Tax Record2023$35,810 ($2,984 / month)
Home Facts
Total Finished SqFt16,764 SqFtAbove Grade Finished SqFt16,764 SqFtLot Size31,363 SqFtStyleMulti-Family Res (5+ Units)Year Built1988ZoningR-4:MULTIPLECountySAN DIEGOAPN104-162-65-00

Schools near 303 West Clemmens Lane

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 - K to 6
Rating
School
Distance
Live Oak 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.

Similar Homes

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303 West Clemmens Lane is a multi-family home for sale in Fallbrook, CA 92028. This property was listed for sale on December 1, 2023 by David Santistevan, it's currently listed at $7,975,000. It has been on the market for a total of 145 days and was last sold on August 14, 2018. This listing's school districts are Fallbrook Union High School District, Fallbrook Union Elementary School District. Nearby schools include Live Oak Elementary School, James E. Potter Intermediate School and Fallbrook High School. 303 West Clemmens Lane is a 2-bed, 1-bath, multi-family home.

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

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