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Listing Details

Status
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On Site
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On Market
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MLS #
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Neighborhood
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Type
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Built
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School Ratings & Info

Description

This 3 Bedroom, 3 Bath property represents a true, valued added opportunity. The rent is currently very low for the area at $2,000.00 per month. An investor could easily obtain $3,500.00 per month. Tenants have been in the property for approx. 3 years and do wish to stay. The property is a single level, very private home. It sits higher up on the street which gives it beautiful hill views and great for families. Roof is approx. 10 years old and AC is approx. 8 years old. There are no popcorn ceilings, and no solar. There is a water softening system and alarm installed.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-17T22:28:22.327. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Kohler Group | Zutila. Licensed in the State of California, USA.
www.buysocal.homes/homes/120119376
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368 Merida Drive Fallbrook, CA 92028

  • Price: $950,000
  • Status: Active
  • Updated: 18 min ago
  • ID#: NDP2109167
0
Beds
0
Baths
0
½ Baths
0.54
Acres
1987
Built
Neighborhood:
92028 - Fallbrook
County:
San Diego
Area:
92028 - Fallbrook
Property Description
This 3 Bedroom, 3 Bath property represents a true, valued added opportunity. The rent is currently very low for the area at $2,000.00 per month. An investor could easily obtain $3,500.00 per month. Tenants have been in the property for approx. 3 years and do wish to stay. The property is a single level, very private home. It sits higher up on the street which gives it beautiful hill views and great for families. Roof is approx. 10 years old and AC is approx. 8 years old. There are no popcorn ceilings, and no solar. There is a water softening system and alarm installed.
Exterior Features

Direction Faces East Entry Level 1 Entry Location East Side Foundation Details Concrete Perimeter Lot Features Back YardFront YardGardenGentle SlopingIrregular LotLandscapedRocks Number Of Separate Electric Meters 1 Open Parking Spaces 5 Parking Total 7 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No One AboveNo One Below Cooling Central Air Cooling YN Yes Fireplace Features Living RoomMasonryWood Burning Fireplace YN Yes Heating Forced Air Heating YN Yes Window Features BlindsDouble Pane WindowsDrapes

Property Features

Association Fee 0 Association YN No Cap Rate 2.1 Common Interest None Community Features CurbsFoothillsMountainousStreet LightsSidewalks Contingency Pead To Be Filled Out Prior To Showing. Garage YN Yes Gross Income 19800 Gross Scheduled Income 24000 Inclusions There is A Road Easement Of $100.00 Per Year. Insurance Expense 500 Land Lease YN No Laundry Features Electric Dryer HookupGas Dryer HookupInside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 19300 New Construction YN No New Taxes Expense 10450 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 4200 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 2000 Trash Expense 0 Water Source Public Zoning R-1 Single Family Residen

Listing provided courtesy of Mia Worley of Luxre Realty Inc


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-17T22:28:22.327. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Kohler Group | Zutila. Licensed in the State of California, USA.
 
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The Kohler Group | Zutila
4000 Barranca Parkway #105
Irvine CA, 92604