729 E Elder, FALLBROOK, 92028

Residential Income For Sale in Elder

$1,200,000

12Beds
4Baths
Sqft
1965Built
107DOM
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
City: FALLBROOK
County: San Diego
State: CA
Zip Code: 92028

Amenities

Amenities: Laundry Facilities

Interior

Cooling: Wall/Window
# of Stories: 2

Exterior

Exterior: Stucco
Roof: Other/Remarks

Additional Information

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

Listing Details

Listing Office: South Coast Commercial, Inc.

Properties for Sale Similar to 729 E Elder, FALLBROOK, CA

This 3 Bedroom, 3 Bath Property Represents A Tr...

Photo of Listing #NDP2109167

$950,000 ACTIVE

  • 0.54 Acres

Residential Income

368 Merida Drive, , CA

MLS® #NDP2109167

This 3 Bedroom, 3 Bath Property Represents A True, Valued Added Opportunity. The Rent Is Currently Very Low For The Area At $2,000.00 Per Month. An Investor Could Easily Obtain $3,500.00 Per Month. Tenants Have Been In The Property For Approx. 3 Years And D...

Luxre Realty Inc

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS®, Inc.

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