Listed by Colliers - San Diego - Carlsbad, California
$1,625,000
329 N Pico Ave
Details
APN 103-135-14
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,903
Net Rentable (SqFt) 4,903
Units 5
Cap Rate 5.01%
Price per SqFt $331
Broker Co-Op Yes
Class C
Year Built 1974
Buildings 1
Stories 2
Lot Size (SqFt) 6,890
Parking Spaces 8 spaces
Parking per 1,000 SqFt 1.63
Excellent multifamily investment opportunity in Fallbrook
Marketing description
PRICE REDUCTION! Highly renovated 5-Plex right next to vibrant downtown Fallbrook, CA (North County San Diego). 4 of 5 units have been substantially renovated, along with the exterior of the property. Units are all rented at artificially low rents, giving a new owner an opportunity to increase rents with ease. Fallbrook has one of the lowest vacancy rates in all of San Diego County (2.9% - Costar). The property has an ideal unit mix of: 1 large 3BR/2.5BA TH (potential owner's unit), 3 - large 2BR/1BA's & 1 - 1BR/1BA. 8 off-street parking spaces & 2 garages. (10 total bedrooms and 6.5 bathrooms)
Investment highlights
Walking distance to Downtown Fallbrook
Listing Contacts
Listed by Colliers - San Diego - Carlsbad, California
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Zoning
FBV2-AR(-)-D(-)-LOT(-)-BT(-)-MFAR(SEE OR)-FAR(SEE OR)-H(-)-COV(SEE)-SB(-)-OS(-)-SR(B-C) SpecialFallbrook Village
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View all 35 uses Last updated Mar 9, 2026 For deeper zoning details, reports are available at Zoneomics
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