Photo of Melissa Russell

Melissa Russell

DRE# 01360240

619.850.4061



$6,900,000

  • COMMERCIAL-RES INCOME
  • SOLD
  • MLS# 180025775

Description

Casa Loma is a 48-unit apartment home community located in beautiful Fallbrook, California. The offering consists of two 2-story garden style buildings with a mix of studio, one and two-bedroom units. Casa Loma is located in a desirable residential neighborhood with proximity to the busy and vibrant town center. Residents are walking distance to abundant retail and neighborhood amenities including Clemmens Lane Park, Rite Aid, Northgate Market, Albertsons and Starbucks to name a few. While the property is very well maintained, in-place rents are below market. When compared to other similar communities in Fallbrook, the rents at Casa Loma show room for growth to current market rents. Fallbrook is located in San Diego's North County Inland submarket. It is situated 1/4 mile from the east gate of the Marine Corps base Camp Pendleton. Fallbrook is "life in the country" yet within a 30 minute drive of Vista, Oceanside, Temecula, San Marcos & Escondido.

Property Details

Property type:
Commercial-Res Income
Age of Building:
1975
Acreage:
1
Number of Buildings:
2
Number of Stories:
2
Number of Carports:
32
Total Number of Parking Spaces:
73

Location

County:
San Diego

Additional Details

Number of Units:
48
Number of Stories:
2
Total Monthly Rent:
$49,060
Price Per Unit:
$150,000
Down Payment:
$3,000,000
Gross Equity:
$3,000,000
SqFt of Improvement:
29,360
Lot Size:
.75 through 1.5 Acres
Assessors Parcel #:
104-200-57-00
Zoning:
G36
Cooling:
Wall/Window
Heating Equipment:
Wall
Roof:
Composition
Laundry:
Leased
Parking:
Carports, Spaces

Unit Details

Unit 1
Number of Units:
16
Number of Baths:
1
Rent:
$912
Unit Rental Total:
$14,590
Unit 2
Number of Units:
24
Number of Bedrooms:
1
Number of Baths:
1
Rent:
$1,005
Unit Rental Total:
$24,110
Unit 3
Number of Units:
8
Number of Bedrooms:
2
Number of Baths:
2
Rent:
$1,295
Unit Rental Total:
$10,360

Features

Amenities:
BBQ, Heated Pool
Construction Features:
Frame, Stucco
Laundry Utilities:
Leased

Listing provided by

Kidder Mathews
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Fallbrook

Rolling hills, agriculture fields, ancient oak trees, and trails for biking, hiking and horseback riding all combine with a Mediterranean climate to make Fallbrook, Bonsall and Rainbow in far northern San Diego County a unique place to call home. Here, you can still get a sizeable piece of property for a lot less than in some other areas of the county, and the ocean is only 15 miles away. The ... Read More

Presented By
Melissa
Russell

DRE# 01360240

619.850.4061

Email Me

Willis Allen Real EstateThis information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 Sandicor®, Inc.