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$750,000 For Sale

228-234 N Pasadena Ave
Fallbrook, CA 92028

4 units | Multi Family 2-4
11326 sq ft - MLS# 190012718
Property Photo
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Description

228 recently remodeled w/AC: new rent of $1,325. Extremely old rents, owner is kind, waiting for each tenant to move out to remodel & raise rents. Rates for 230 & 232 can be higher than 228 w/ a door added at back for access to private outdoor garden/yard. 234 is two bedrm but could be 3 & a half bath, for even more rent. 234 has large yard. Owner must find replacement property. Seller may carry loan at full price. Seller could remodel all units if negotiated.

Features

  • # of Buildings: 1
  • # of Units w/Range/Oven: 4
  • # of Units w/Refrigerator: 4
  • # Units w/Cooling: 1
  • Annual Expense Actual: 9000
  • Cap Rate Actual: 4.3
  • Cap Rate Projected: 5.3
  • Community: Fallbrook
  • Complex Features: Laundry Facilities
  • County/Area: San Diego County
  • Fencing: Partial
  • Gross Rent Multiplier Act: 14.9
  • Gross Rnt Multiplier Proj: 11.3
  • Gross Sched Income Actual: 4180
  • Gross Sched Income Proj.: 5525
  • Heat Source: Natural Gas
  • Irrigation: Drip, Sprinklers
  • Listing Area: FALLBROOK (92028)
  • Listing Status: Active
  • Lot Description: Public Street
  • Lot Size: 0.2600
  • Lot Size Area: .25 to .5 AC
  • Lot SqFt: 11326
  • Miscellaneous: Outbuilding
  • Parking Non-Garage Unit 1: Assigned
  • Parking Non-Garage Unit 2: Assigned
  • Parking Non-Garage Unit 3: Assigned
  • Parking Non-Garage Unit 4: Assigned
  • Property Type: Multi Family 2-4
  • Roof: Composition
  • Sewer/Septic: Sewer Connected
  • Siding: Wood/Stucco
  • Special Conditions Details: Call Agent, Other/Remarks
  • Sub Type: Multi Family 2-4
  • Subdivision: Fllbrook
  • Subdivision/Neighborhood: Fllbrook
  • Tenant Pays: Electricity, Gas/Propane
  • Terms: Seller May Carry
  • Topography: Slope Gentle
  • Unit # for Unit 2: 230
  • Unit # for Unit 3: 232
  • Unit # for Unit 4: 234
  • Unit 1 # Bedrooms: 1
  • Unit 1 # of Full Baths: 1
  • Unit 1 # Total Baths: 1
  • Unit 1 Deposit: 1325
  • Unit 1 Estimated SqFt: 600
  • Unit 1 Laundry Hook Ups: Common
  • Unit 1 Projected Rent: 1325
  • Unit 1 Rent Actual: 1325
  • Unit 2 # Bedrooms: 1
  • Unit 2 # of Full Baths: 1
  • Unit 2 # Total Baths: 1
  • Unit 2 Deposit: 50
  • Unit 2 Estimated SqFt: 600
  • Unit 2 Laundry Hook Ups: Common
  • Unit 2 Projected Rent: 1325
  • Unit 2 Rent Actual: 800
  • Unit 3 # Bedrooms: 1
  • Unit 3 # of Full Baths: 1
  • Unit 3 # Total Baths: 1
  • Unit 3 Deposit: 500
  • Unit 3 Estimated SqFt: 600
  • Unit 3 Laundry Hook Ups: Common
  • Unit 3 Projected Rent: 1325
  • Unit 3 Rent Actual: 829
  • Unit 4 # Bedrooms: 2
  • Unit 4 # of Full Baths: 1
  • Unit 4 # Total Baths: 1
  • Unit 4 Deposit: 500
  • Unit 4 Estimated SqFt: 900
  • Unit 4 Exclusive Use Yard: Yes
  • Unit 4 Laundry Hook Ups: Common
  • Unit 4 Projected Rent: 1550
  • Unit 4 Rent Actual: 1230
  • Units: 4
  • Water: Meter on Property
  • Year Built: 1968
  • Zip Code: 92028
  • Zoning: R-3:RESTRI
  • View: City, Mountains/Hills

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