228 Pasadena Ave, Fallbrook, CA 92028

About this property

**4-Units, 5.01% CAP** This well-located 4-Unit single level apartment complex contains three (3) 1Bedroom/1Bathroom units and one (1) 2Bedroom/1Bathroom unit. Two units will be delivered vacant making it the perfect opportunity for an owner occupant or value-add investor. Property amenities include a common area laundry facility, private yards for each unit, and air conditioning, and seven (7) surface parking spots. 5.01% CAP on Actuals. 5.71% CAP on Proforma. Situated near Downtown Fallbrook, the property is walking distance to shops and restaurants.

Listing description from the April 2025 sale, as reported to CRMLS.

Sale history

$1,130,000

Sold April 2025 · listed $1,195,000, on market March 2025 · MLS #250021651SD · Source: CRMLS

Listing Agent: Angelo La Bruna · Listing Office: Apartment Realty Group (ARG) · Contact: 619-222-9500 · Bought with: Adam Nogueira · Signature Real Estate Group

Explore Fallbrook