Fallbrook, CA 92028
- Mixed-use properties
- 1,250 SF
Current Use by Public Records
- Mixed-use properties
Property Details
- Year built
- 1945
- Property size
- 1,250 SF
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property in Fallbrook, California, presents a unique investment opportunity. Spanning 1,250 square feet, this versatile space is situated in a V zone, allowing for both commercial and residential use. Currently configured for dual occupancy, the property offers significant income potential. One side is currently leased on a month-to-month basis at a low rental rate, providing immediate cash flow. A connecting door allows for flexible use as either two separate units or a single, larger space. While the county assessment reflects a smaller square footage, the actual usable space totals 1,200 square feet. Importantly, no permits have yet been obtained for conversion to its current configuration. This presents a buyer with the opportunity to customize the space to their specific needs and potentially increase rental income. The property sits on a lot with no acreage specified. The month-to-month lease provides flexibility for the new owner to adjust rental rates and terms to maximize profitability. This property is ideal for an investor seeking a hands-on project with immediate return and significant upside potential. The location in Fallbrook offers access to a growing community and diverse market. Don't miss this chance to acquire a valuable mixed-use asset in a desirable California location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fallbrook
- County
- San Diego
- State
- California
- Longitude
- -117.219
- Latitude
- 33.3724
