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Property profile & analytics
OFF-MARKET
Estimated value
$3,445,000
Apartment buildings
735 Fallbrook St Fallbrook, CA 92028-3161
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US09-9937372
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1987
Total area
21,957 SF
Lot
1.04 ac (45,302 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
104-100-63-00
UPID
US09-9937372
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.45M
Owner & transaction history
Fallbrook Village Apartments L · 10 yrs held
Fallbrook Village Apartments L
since 2015
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Fallbrook, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fallbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fallbrook submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$157 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$35,428
Tax year 2024
Assessed value
$3,299,698
Assessed 2024
Previous assessed
$3,299,698
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,365,392
Assessed improvement
$1,934,306
Applied tax rate
75.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1987
Heating
NONE
Units
25
Total area
21,957 SF
Lot
1.04 ac (45,302 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
104-100-63-00
UPID
US09-9937372
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Fallbrook, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · Fallbrook, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fallbrook. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Units
25
Lot
1.04 ac
Current owner
From public records · entity-resolved
Fallbrook Village Apartments L
Individual
Mailing address
PO BOX 235588, ENCINITAS, CA 92023-5588
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2026
—
Fallbrook Village Apartments LLC
—
Deed
related
$3,700,000 · Jpmorgan Chase Bank NA
Dec 7, 2015
—
Fallbrook Village Apartments L
Djs Properties Group LP
Quit Claim Deed
$4,125,000 · Cbre Cap Markets
Mar 29, 2010
$6,000,000
Djs Properties Group LP
Fallbrook Village LLC
Grant Deed
—
Jan 24, 2005
$3,646,500
Fallbrook Village LLC
Fallbrook Village
Grant Deed
—
Jan 24, 2005
—
Fallbrook Village
Poolos Family Trust
Grant Deed
—
Dec 1, 2003
—
Pools,tr
Fallbrook Village LP
Grant Deed
related
—
Mar 29, 2002
—
Fallbrook Village LP
Mclaughlin Trust
Grant Deed
$4,780,000 · Artesia Mortgage Capital Corp
Jun 29, 2000
$4,900,000
Donald T Meagher
Fallbrook Of LLC
Grant Deed
$3,525,000 · Financial Inst Partners Mtg
Jun 17, 1999
$1,000,500
Fallbrook Qf LLC
Fallbrook Ventures
Trustees Deed
related
—
Jun 17, 1999
$200,000
Sherman Trust
Fallbrook Ventures
Trustees Deed
related
—
—
—
Fallbrook Village LP
—
Deed Of Trust
related
$238,000 · Shaker Razook
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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