$5,852,000
$5,830,000
0.4%For more information regarding the value of a property, please contact us for a free consultation.
305 W Clemmens Lane Fallbrook, CA 92028
Key Details
Sold Price $5,852,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 230023941
Sold Date 02/14/24
Property Description
- Classic value-add opportunity– being sold by original developer from 1986 (35+ year ownership) - 70% Seller financing @ 5% I.O. for 5 years for qualified buyers - 80% +/- upside in rents post renovation - Primarily 2BR Units (2 – 1BR/1BA, 18 – 2BR/1BA and 2 – 3BR/1BA) - Newer roof - Individual hot water heaters – more efficient operations - Balconies with views for both 3BR units - Upscale city park / playground across the street Clemmens Lane County Park
Location
State CA
County San Diego
Area Fallbrook (92028)
Exterior
Parking Features Spaces
Building
Story 2
Others
Space Rent $374,400
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Bought with Corey McHenry • David Santistevan