Pending
303 W Clemmens Lane
Fallbrook CA, 92028
$7,695,000
$459.02 per sqft
Pending
2 Beds
16,764 sqft
Commercial
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.
230023403
MLSⓇ ID
December 4, 2023
Listed
August 23, 2024
Updated
Map
303 W Clemmens Lane
Fallbrook CA, 92028
Interior Features
Total Stories
2
Bedrooms
2
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Other Property Details
Area Name
North County
Days on Market
153
Garage
No
View
No
County
San Diego
Pool
No
Listing History
Date | Event | Price |
---|---|---|
5/2/2024 | Price change | $7,695,000 -4% |
5/2/2024 | Pending | — |
Listed by David Santistevan, Corey McHenry,
Listing Contact: 619-565-0179
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 Multiple Listing Service. 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.
© 2024 San Diego Multiple Listing Service. All rights reserved.
Data last updated 8:01 AM UTC, 8/23/2024