228-234 N Pasadena Ave - Apartments FOR SALE


Fallbrook, CA 92028
$1,295,000 USD
858-247-1095
228-234 N Pasadena Ave, Fallbrook, CA for Sale
$1,295,000 USD
Apartments - FOR SALE
1/12
null | 4.61% Cap Rate

228-234 N Pasadena Ave
Fallbrook, CA 92028


HIGHLIGHTS

  • Rare 4-Unit Fallbrook Multifamily Income Property
  • Strong Unit Mix: (3) 1Bed/1Bath + (1) 2Bed/1Bath
  • Substantial Rental Upside (Two Units Delivered Vacant)
  • Onsite Laundry Room & Private Yards
  • Seven (7) Off Street Parking Spots
  • Central Downtown Fallbrook Location w/ Walkability to Shops & Restaurants

OVERVIEW

This well-located 4-Unit single level apartment complex contains three (3) 1Bedroom/1Bathroom units and one (1) 2Bedroom/1Bathroom unit. Two units will be delivered vacant making it the perfect opportunity for an owner occupant or value-add investor. Property amenities include a common area laundry facility, private yards for each unit, and air conditioning, and seven (7) surface parking spots. 4.61% CAP on Actuals. 5.25% CAP on Proforma. Situated near Downtown Fallbrook, the property is walking distance to shops and restaurants.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$480 USD /SF

# OF UNITS

4

PRICE/UNIT

$323,750

CAP RATE

4.61%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pasadena Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

RV

APN/PARCEL ID

103-310-12

ASK ABOUT THIS PROPERTY

Angelo La BrunaApartment Realty Group (ARG)More Info
858-247-1095

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Angelo La BrunaApartment Realty Group (ARG)More Info
858-247-1095

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.