Renovated Mixed-Use
For Sale
$650,000
131 S Brandon Road, Fallbrook, CA 92028
Fallbrook, CA
Property Size1,753 SF
Lot Size0.17 Acres
Price / SF$370.79
Days on Market40
Property Features for 131 S Brandon Road
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Laundry Room, Bedroom 4, Living Room, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2
Parking
2
Interior features
Quartz Counters, Unfurnished, Ceiling Fan(s), Recessed Lighting, Open Floorplan
Appliances
Electric Range, Electric Oven
Subdivision
Fallbrook
Lot features
Lot 6500-9999, 0-1 Unit/ Acre
Elementary school district
Fallbrook Union
Middle school district
Fallbrook Union
High school district
Fallbrook Union
Directions
Take Mission Rd to Alvarado and turn left on S Brandon Rd
Standard status
Active
APN
1032462000
Size
1,753 SF
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central, Forced Air
Cooling system
Central Air, Electric
Water source
Public
Building Details
Year built
1945
Floors in Building
1
Number of units
1
Flooring type
Laminate, Carpet
Listing Agency:
First Team Real Estate
(951) 699-9080
Listed By:
Gladys McDonald · License #01029838
(951) 768-4662
Added: Sep 18
Changed: Oct 27
Last Checked: Oct 27 at 5:06PM
MLS# SW26194748
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,753-square-foot, single-level property in Fallbrook has four bedrooms and two bathrooms, with FB-V3 mixed-use commercial zoning. Recent improvements include an updated kitchen with quartz counters, stainless-steel appliances and new cabinetry, along with refreshed bathrooms, laminate flooring, bedroom carpet, recessed lighting and double-pane windows. The property also has newer air conditioning, a roof and water heater, plus copper plumbing.
The 0.1749-acre parcel includes a two-car garage, a two-car carport and additional space for three vehicles. Main Street, with dining and retail options, is a few minutes away. Zoning, permitted uses, parking and other property details should be verified with the appropriate agencies.
The 0.1749-acre parcel includes a two-car garage, a two-car carport and additional space for three vehicles. Main Street, with dining and retail options, is a few minutes away. Zoning, permitted uses, parking and other property details should be verified with the appropriate agencies.
Key Highlights
- FB‑V3 mixed‑use commercial zoning
- 1,753‑square‑foot single‑level property with 4 bedrooms and 2 bathrooms
- 0.1749‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,858
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$757,160
$757.2K
Cap Rate 7%
$540,829
$540.8K
Cap Rate 9%
$420,644
$420.6K
Market Conditions
NOI Build-Up for 1,753 SF
Gross rent
$70.7K $40.32/SF
− Vacancy
−$10.1K −$5.77/SF
EGI
$60.6K $34.55/SF
− OpEx
−$22.7K −$12.96/SF
NOI
$37.9K $21.60/SF
Area
San Diego County, CA
Vacancy
14.30%
Lease Rate
$40.32 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$757,160
Cap Rate 7%
$540,829
Cap Rate 9%
$420,644
Alternative Uses
Best Use
Mixed Use
$540.8K
$473.2K – $631.0K
NOI $37,858 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$803.2K
$702.8K – $937.0K
NOI $56,222 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,624
Businesses Nearby
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Business Placement
Demographics for 92028, CA
51,614
Population
17,985
Households
2.9
Avg Household Size
41
Median Age
35%
College-Educated
87%
High-School Grad
116.7 sq mi
ZIP Area
442
Density / Sq Mi
$102,346
Median Household Income
$46,862
Median Earnings
$1,743
Median Rent
$781,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - FB-V3 zoning accompanies a single-level residence with an updated kitchen and multiple on-site parking options.
Where is this mixed-use property located?
The property is located at 131 S Brandon Road Fallbrook, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: FB‑V3 mixed‑use commercial zoning; 1,753‑square‑foot single‑level property with 4 bedrooms and 2 bathrooms; 0.1749‑acre lot
