About 228 Pasadena Ave
**4-Units, 5.01% CAP** This well-located 4-Unit single level apartment complex contains three (3) 1Bedroom/1Bathroom units and one (1) 2Bedroom/1Bathroom unit. Two units will be delivered vacant making it the perfect opportunity for an owner occupant or value-add investor. Property amenities include a common area laundry facility, private yards for each unit, and air conditioning, and seven (7) surface parking spots. 5.01% CAP on Actuals. 5.71% CAP on Proforma. Situated near Downtown Fallbrook, the property is walking distance to shops and restaurants.
Features of 228 Pasadena Ave
| MLS® # | 250021651 |
|---|---|
| Price | $1,195,000 |
| Bedrooms | 5 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Year Built | 1968 |
| Type | Residential Income |
| Sub-Type | Res Income 2-4 Units |
| Status | Closed |
Community Information
| Address | 228 Pasadena Ave |
|---|---|
| City | Fallbrook |
| County | San Diego |
| State | CA |
| Zip Code | 92028 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | Yes |
Interior
| Cooling | N/K |
|---|---|
| Fireplace | Yes |
| Stories | 1 Story |
Exterior
| Roof | Composition |
|---|---|
| Construction | Stucco |
Additional Information
| Date Listed | March 17th, 2025 |
|---|---|
| Days on Market | 10 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Apartment Realty Group (ARG) |
|---|