729 E Elder, FALLBROOK, 92028

Residential Income For Sale in Elder


MLS® #: 210014904
ACTIVE, 107 Days on Market

The Elder Street Apartments represent a true value add opportunity in the North San Diego County community of Fallbrook. The opportunity consists of a 4 unit building enabling the investor to lock in 30 year fixed rate debt at historically low rates. Constructed in 1965, 729 E. Elder rests on a slab foundation with stucco and frame construction. The 2 story building has a unit mix consisting of four 3 bedroom 1.5 bath units, with all units over 1050 square feet. The 2 ground level units were completely rehabbed in 2016. Separately metered for gas and electric, the units have long term tenants with a solid payment history. The roof was replaced in 2015 and the boiler in 2016 so major systems are relatively new. All plumbing angle stops have been replaced, all toilets are low flow, and plumbing lines are copper. There is a laundry room with leased equipment providing the residents with onsite convenience plus extra income for the owner. Parking is via carports. Purchase this as a 4 unit investment with no income fluctuation from interest rate uncertainty due to the ability to use 30 year fixed rate debt.

Essential Information

MLS® #: 210014904
Price: $1,200,000
Bedrooms: 12
Bathrooms: 4.00
Acres: 0.00
Year Built: 1965
Type: Residential Income
Status: ACTIVE

Community Information

Address: 729 E Elder
Area: FALLBROOK (92028)
Subdivision: Elder
County: San Diego
State: CA
Zip Code: 92028


Amenities: Laundry Facilities


Cooling: Wall/Window
# of Stories: 2


Exterior: Stucco
Roof: Other/Remarks

Additional Information

Date Listed: June 1st, 2021
Days on Market: 107

Listing Details

Listing Office: South Coast Commercial, Inc.

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Listing information last updated on September 22nd, 2021 at 12:46pm PDT.