303 Clemmens Lane, Fallbrook
Fallbrook Home For Sale
Suburban North San Diego County. Fully Renovated. 100% 2BR Units! Avocado Place is an excellent apartment investment opportunity located in North San Diego County in Fallbrook, CA. Just minutes 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 was originally built in 1988 and was extensively renovated in 2019/2020. Upgrades include (but not limited to) new roof, new dual pane windows, exterior paint and stucco repair, asphalt, flooring, stainless appliances, in-unit washer/dryers, plank flooring, quartz counters, new cabinets, custom backsplash, new sinks & faucets, new bathrooms, and much more. The owner also added a 22nd unit with permits. Buyer to verify. The submarket vacancy rate of 1.8% (Costar) in Fallbrook is the lowest in San Diego County, with no new construction of apartments in the pipeline. 8.4% Cash on Cash Yield from Day 1. Please contact brokers for Offering Memorandum.
Property Details
Additional Information
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- City:
- Fallbrook
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- County:
- San Diego
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- Zip:
- 92028
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- MLS® #:
- 230023403SD
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- Lot Size:
- 0.00
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- HOA Dues:
- $
Price Change History for 303 Clemmens Lane, Fallbrook, (MLS® #230023403SD)
| Date | Details | Price | Change |
|---|---|---|---|
| Pending (from Active) | – | – | |
| Price Reduced (from $7,975,000) | $7,695,000 | $280,000 (3.51%) |
Based on information from California Regional Multiple Listing Service, Inc. as of July 5th, 2024 at 10:30pm PDT. 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.