537 De Luz Rd - Apartments FOR SALE


Fallbrook, CA 92028
$1,150,000 USD
858-247-1095
537 De Luz Rd, Fallbrook, CA for Sale
$1,150,000 USD
Apartments - FOR SALE
1/11
null | 5% Cap Rate

537 De Luz Rd
Fallbrook, CA 92028


HIGHLIGHTS

  • Three (3) Detached Cottage Style Houses on One Lot
  • Two (2) Detached 2Bdrm/1Bthrm Houses + One (1) Detached Studio
  • All Units Have Private Yards, In-Unit Laundry, & Off-Street Parking
  • Well-Maintained / High Income Property
  • Fantastic Location in One of San Diego’s Strongest Rental Markets
  • Walking Distance to Downtown Fallbrook & Nearby Ammunition Rd w/ Direct Access to Camp Pendleton

OVERVIEW

The Cottages at De Luz uniquely offers three (3) detached homes on one lot. Situated on a 7,353sf parcel, the property consists of two (2) 2Bedroom / 1Bathroom units and one (1) Studio. Each unit is an individual cottage featuring in-unit laundry, a large private fenced yard, and off-street parking. Conveniently located, tenants can walk to downtown Fallbrook and are 1.7 miles to Camp Pendleton. This well-maintained and upgraded property is the perfect opportunity for an investor looking for a unique multifamily asset with high income or an owner-occupant looking for extra income to cover the mortgage.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$664 USD /SF

# OF UNITS

3

PRICE/UNIT

$383,333

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3 Detached Cottages

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,353 SF

ZONING

RU

APN/PARCEL ID

103-117-01

ASK ABOUT THIS PROPERTY

Angelo La BrunaApartment Realty Group (ARG)More Info
858-247-1095

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Angelo La BrunaApartment Realty Group (ARG)More Info
858-247-1095

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.