302 E Fallbrook St, Fallbrook, CA 92028
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Listed Price :
$10,525,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
Property Description
6% Current Cap Rate! Westfall Village is an excellent multifamily investment opportunity located in North San Diego County in the heart of Fallbrook, CA. Just a few blocks 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 spans across 2.24 Acres and includes 3 parcels with a total of 29 single-level units that offer single home feel and renovated interiors. Tenants enjoy covered off-street parking, a dog obstacle course and a dog wash room. The unit mix is mostly 2BR/2BA units, with 4 1BR/1BA units and 1 3BR/2BA detached SFR home. Interior renovations include stainless steel appliances including dishwasher and microwave, quartz countertops, custom cabinets, designer tile, custom paint, wood-style flooring, In-unit washer/dryer, A/C and ceiling fans. In addition to the attractive current CAP Rate of 6%, there is additional upside potential through cosmetic exterior upgrades & ADU addition.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
Listing Information
| Address |
302 E Fallbrook St |
| City |
Fallbrook |
| State |
CA |
| Zip |
92028 |
| County |
San Diego |
| Listing Agent |
Corey McHenry DRE #01800485 |
| Courtesy Of |
David Santistevan |
| List Price |
$10,525,000 |
| Status |
Active |
| Type |
Commercial |
| Subtype |
Mixed Use |
| Structure Size |
N/A |
| Lot Size |
N/A |
Listing information courtesy of: Corey McHenry, David Santistevan. *Based on information from the Association of REALTORS/Multiple Listing as of Mar 19th, 2025 at 12:08 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
