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Key Details
Sold Price $1,050,000
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Fallbrook
MLS Listing ID SW22234581
Sold Date 01/24/23
HOA Y/N No
Year Built 1983
Lot Size 7.190 Acres
Property Sub-Type Mixed Use
Property Description
INCREDIBLE 6-UNIT INVESTMENT OPPORTUNITY! Sprawling property with lots of separation between units, beautiful orchard views and CASH FLOW! Your tenants will enjoy loads of privacy on this massive 7-acre homestead. Projected full 2022 income is 128K! Actual income up to November is 119K without counting 1 owner occupied unit that could rent for $2,500-3,000 a month! Unit 6 is not included in income as it is currently owner occupied. Current NOI is $105,848 without unit 6 rent. Currently a 10 CAP. See for yourself that this is the perfect investment opportunity!
Location
State CA
County San Diego
Area 92028 - Fallbrook
Zoning RR
Interior
Fireplace No
Laundry Laundry Room
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Rural
Total Parking Spaces 2
Private Pool No
Building
Lot Description 6-10 Units/Acre, Secluded
Sewer Private Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 1211721600
Acceptable Financing Cash, 1031 Exchange, Owner May Carry
Listing Terms Cash, 1031 Exchange, Owner May Carry
Financing Seller Financing
Special Listing Condition Standard
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Bought with Sergio Garcia Sunshine Properties RealEstate
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