401 W Clemmens Lane

    Fallbrook, CA 92028
    • $2,700,000
    • STATUS: Closed
    • ON SITE: 557 days
    • ID#: CV17006071
    Sold - 05/23/2018
    $2,700,000
    SOLD - 05/23/2018
    • 0
      BEDS
    • 0.75
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,804
      SQFT
    • $211
      $/SQFT
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    Great apartment building located in good area of Fallbrook with plenty of future for great returns, 21 units 16 1 bedroom units 1 bath and 5 2 bedroom units 1 bath Please do not disturb tenants call listing agent for information. Property has Laundry room which also brings in an average income of $600 a month. All Units have ceramic tile floors and are in good condition

    Sold by Jose Gutierrez of Village Realtors.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-22T09:26:38.697. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.themarellygroup.com/homes/69064101

    401 W Clemmens Lane Fallbrook, CA 92028

    • Price: $2,800,000
    • Status: Closed
    • Updated: 65 min ago
    • ID#: CV17006071
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.75
    Acres
    12,804
    SQFT
    $211
    $/SQFT
    1964
    Built
    Neighborhood:
    283 - North San Diego County
    County:
    San Diego
    Area:
    283 - North San Diego County
    Property Description
    Great apartment building located in good area of Fallbrook with plenty of future for great returns, 21 units 16 1 bedroom units 1 bath and 5 2 bedroom units 1 bath Please do not disturb tenants call listing agent for information. Property has Laundry room which also brings in an average income of $600 a month. All Units have ceramic tile floors and are in good condition
    Exterior Features

    Construction Materials Stucco Garage Spaces 0.00 Lot Features 21-25 Units/AcreLot 20000-39999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features Community PoolIn GroundFencedGunitePermits Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved

    Interior Features

    Appliances Gas StoveRefrigerator Appliances YN Yes Average1 Bed Area 550 Average1 Bed Area Units Square Feet Average2 Bed Area 800 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall Window Cooling YN Yes Heating Wall Heater Heating YN Yes Laundry Features Community Levels Two Window Features Double Pane Windows

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Street LightingSuburban Country Us Electric Standard Electric Expense 14262.00 Elevation Units Feet Fuel Expense 0.00 Furniture Replacement Expense 2000.00 Gardener Expense 1200.00 Gross Equity 2100000 Gross Income 240600.00 Gross Operating Income 228600.00 Gross Scheduled Income 240600.00 Insurance Expense 3600.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 600.00 Laundry YN Yes Licenses Expense 200.00 Maintenance Expense 2000.00 Net Operating Income 95189.00 New Taxes Expense 35000.00 Number Of Separate Electric Meters 22 Number Of Separate Gas Meters 22 Number Of Separate Water Meters 1 Operating Expense 133411.00 Other Expense 35000.00 Pest Control Expense 600.00 Pool Expense 2160.00 Present Loans 700000 Professional Management Expense 18000.00 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Sewer Paid Special Listing Conditions Standard Supplies Expense 2000.00 Tenant Pays Cable TvElectricityGas Total Expenses 142872.00 Trash Expense 3480.00 Utilities Cable Available Vacancy Allowance 12000 Vacancy Allowance Rate 5.00 Water Sewer Expense 23370.00 Water Source Public Year Built Source Assessor Zoning R4

    Listing provided courtesy of Jose Gutierrez of Village Realtors.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-22T09:26:38.697. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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