725 Alturas Ln - Apartments FOR SALE


Fallbrook, CA 92028
$3,475,000 USD
858-761-2529
725 Alturas Ln, Fallbrook, CA for Sale
$3,475,000 USD
Apartments - FOR SALE
1/35
null | 6.6% Cap Rate

725 Alturas Ln
Fallbrook, CA 92028


HIGHLIGHTS

  • Desirable 1988 vintage asset located in the Fallbrook submarket.
  • Comprised entirely of two-bedroom/two-bathroom units averaging over 925 SF.
  • Extensively remodeled interiors featuring high-end, modern finishes.
  • Abundant off-street parking for tenants.
  • Stabilized asset with in-place market rents.
  • Historically low vacancy driven by a supply-constrained rental market.

OVERVIEW

We are pleased to present the “Solara Apartments,” a 13-unit multifamily community located in Fallbrook, CA. Located at 725 Alturas Lane, the property offers investors the opportunity to acquire a well-positioned asset in a growing North San Diego County submarket known for its relative affordability and strong rental demand. Built in 1988, the property is comprised entirely of thirteen (13)two-bedroom/two-bathroom residences averaging approximately 927 square feet. Each unit has been extensively remodeled and features upgraded bathrooms, stainless steel appliances, and quartz kitchen countertops with black, grey, and white backsplash tile. The property amenities also include air conditioners, off-street parking, on-site laundry facilities, pet area, and a BBQ and shared patio area. Situated on a 0.57-acre lot, the property benefits from a low-density setting with a residential feel. Residents enjoy convenient access to local retail, schools, and employment centers, along with regional connectivity to Oceanside, Temecula, and greater San Diego County. With its desirable unit composition, strong in-place income, and favorable submarket fundamentals, the “Solara Apartments” represents a compelling opportunity to acquire a stable, income-producing asset with long-term upside potential.

FOR SALE DETAILS

PRICE

$3,475,000 USD

PRICE/SF

$289 USD /SF

# OF UNITS

13

PRICE/UNIT

$267,308

CAP RATE

6.6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Solara Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

RU

APN/PARCEL ID

104-100-54

ASK ABOUT THIS PROPERTY

Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

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Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

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