Bank owned. Investor or owner occupant can "win the lottery" on this 3 unit jackpot. Rental potential is A+ given location, tenant sources and moderate rental fees. A one bedroom unit, a two bedroom unit and a three bedroom unit. Walking distance to Village of Fallbrook - shopping, restaurants. Large parking area for additional vehicles. Begin or extend your real estate unvestments with this winner. Pencil it out!
Multi-familyProperty Type
1957Year Built
Listed by Joanne Christensen•DRE #00994515• ERA Ranch & Sea Realty
Bought with Michi Suzuki•DRE #01080251• ERA Ranch & Sea Realty
Reduced $90,000!! This is a reduild 3 new/ remodeled units 3BR/2BR/1BR. New doors, windows, flooring, electrical, appliances, kitchen & bath cabinets & counters. Washer/dryer hookups in each unit. Lots of parking-Could possibly add more units. 2,600 sq. ft. on a 10,454 lot. Zoned RU29 (Resident Urban 29 Units per acre-as per appraisal of 2/18/05). Permits with county show DUPLEX, however all sq. ft. appears to be permitted. Being used as a nice triplex.
CRMLS #P484077
Apr 1, 2006
Listing Removed
—
Dec 2, 2005
Listed
$679,900
CRMLS #51034665
Oct 15, 2005
Listing Removed
—
May 17, 2005
Listed
$665,000
CRMLS #31039897
Oct 29, 2003
Sold
$320,000
Jul 9, 2003
Listed
$329,000
CRMLS #21034215
Jul 17, 2003
Listing Removed
—
Jul 9, 2002
Listed
$329,000
CRMLS #21056810
Jul 17, 2003
Listing Removed
—
Jul 9, 2002
Listed
$329,000
Year
Property tax
Land + Additions
Assessment*
2025
$4,347 (+2.4%)
$197,019 + $212,782
$409,801
2024
$4,243 (+3.0%)
$193,156 + $208,610
$401,766
2023
$4,121
$189,369 + $204,520
$393,889
2022
$4,122 (+3.5%)
$185,656 + $200,510
$386,166
2021
$3,984 (−0.8%)
$182,016 + $196,579
$378,595
2020
$4,015 (+2.0%)
$178,448 + $192,725
$371,173
2019
$3,935 (+1.5%)
$176,619 + $190,749
$367,368
2018
$3,876 (+2.0%)
$173,156 + $187,009
$360,165
2017
$3,799 (+2.6%)
$166,433 + $179,749
$346,182
2016
$3,702 (+1.6%)
$166,433 + $179,749
$346,182
2015
$3,644 (+1.9%)
$163,170 + $176,225
$339,395
2014
$3,576 (+1.1%)
$157,572 + $170,178
$327,750
2013
$3,538 (+1.0%)
$157,572 + $170,178
$327,750
2012
$3,504 (+2.4%)
$156,860 + $169,409
$326,269
2011
$3,423 (+1.8%)
$153,785 + $166,088
$319,873
2010
$3,361 (−48.3%)
$150,770 + $162,832
$313,602
2009
$6,506 (+1.8%)
$149,644 + $161,616
$311,260
2008
$6,388
$343,332 + $270,504
$613,836
Tax history for 1223 Old Stage Rd
Year
Property tax
Land + Additions
Assessment*
2025
$4,347 (+2.4%)
$197,019 + $212,782
$409,801
2024
$4,243 (+3.0%)
$193,156 + $208,610
$401,766
2023
$4,121
$189,369 + $204,520
$393,889
2022
$4,122 (+3.5%)
$185,656 + $200,510
$386,166
2021
$3,984 (−0.8%)
$182,016 + $196,579
$378,595
2020
$4,015 (+2.0%)
$178,448 + $192,725
$371,173
2019
$3,935 (+1.5%)
$176,619 + $190,749
$367,368
2018
$3,876 (+2.0%)
$173,156 + $187,009
$360,165
2017
$3,799 (+2.6%)
$166,433 + $179,749
$346,182
2016
$3,702 (+1.6%)
$166,433 + $179,749
$346,182
2015
$3,644 (+1.9%)
$163,170 + $176,225
$339,395
2014
$3,576 (+1.1%)
$157,572 + $170,178
$327,750
2013
$3,538 (+1.0%)
$157,572 + $170,178
$327,750
2012
$3,504 (+2.4%)
$156,860 + $169,409
$326,269
2011
$3,423 (+1.8%)
$153,785 + $166,088
$319,873
2010
$3,361 (−48.3%)
$150,770 + $162,832
$313,602
2009
$6,506 (+1.8%)
$149,644 + $161,616
$311,260
2008
$6,388
$343,332 + $270,504
$613,836
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
6
Baths
3
Stories
—
Lot width
—
Lot depth
—
Lot size
10,454 Sq. Ft.
Year renovated
1957
Sq. Ft.
2,600
Year built
1957
Style
Multi-Family (2-4 Unit)
County
San Diego County
APN
1043423900
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 20, 2026.
RU
Urban Residential District
The RU Use Regulations are intended to create and enhance areas where permanent family residential uses are permitted and institutional residential care uses are
conditionally permitted and civic uses are permitted when they serve the needs of the residents. Typically, the RU Use Regulations would be applied to rural, suburban, or urban areas where adequate levels of public services are available. Various applications of the RU Use Regulations with appropriate development designators can create areas which have a single-family character or areas which, because of the scale of structures, are recognizable as high-density areas.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Public service
Fire house
Agriculture-Cropland
Agriculture-Grove / orchard
Park & open space
Property details
Parking
Parking / Garage Information
Uncovered
Has Parking
Interior
Kitchen Information
Appliances: Gas Water Heater
Has Appliances
Interior Features
Levels: Two
Unit Type 1 Information
Unit Key Numeric: 10918100
Listing Key Numeric: 367069175
Total # of Baths: 1
Total # of Beds: 2
Unit Type 2 Information
Unit Key Numeric: 10918101
Listing Key Numeric: 367069175
Total # of Baths: 1
Total # of Beds: 3
Unit Type 3 Information
Listing Key Numeric: 367069175
Unit Key Numeric: 10918102
Actual Rent: $800
Total # of Baths: 1
Total # of Beds: 1
Expenses
Total: $13,737
Multi-Unit Information
# of Units With Refrigerator: 2
# of Units With Range: 3
# of Units With Patio: 2
# of Units With Dishwasher: 3
Gross Scheduled Income: $34,800
Gross Multiplier: 8.59
# Of Buildings: 1
Exterior
Exterior Information
Roof: Roll
Fencing: None
Lot Information
Lot Size Source: Assessor's Data
Lot Dimensions Source: Assessor
Property Information
Total # of Units: 3
Parcel Number: 1043423900
Total # of Stories: 2
Utilities
Utilities Information
Sewer: Other
Location
Location Information
Other Subdivision Name: FALLBROOK
Directions: N on Mission, east(r) on Clemmens, N (l) on Old Stage, park in lower parking area. [Cross Street(s)]: Clemmens
Public facts
Beds: 6
Baths: 3.0
Sq. Ft.: 2,600
Stories: —
Lot Size: 10,454 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1957
Year Renovated: 1957
County: San Diego County
APN: 1043423900
Home facts updated by county records on Aug 20, 2026
Other
Listing Information
Days Active in MLS: 18
Continuous Days Active in MLS: 16
Listing Agent Information
List Agent First Name: Joanne
List Agent Last Name: Christensen
Listing Office Information
List Office Name: ERA Ranch & Sea Realty
Selling Agent Information
Buyer Agent First Name: Michi
Buyer Agent Last Name: Suzuki
Selling Office Information
Buyer Office Name: ERA Ranch & Sea Realty
Around this home
Schools
K - 12
Preschool & daycare
La Paloma Elementary School
Public K-6 • Assigned • 1.0mi
9/10
James E. Potter Intermediate School
Public 7-8 • Assigned • 1.6mi
5/10
Fallbrook High School
Public 9-12 • Assigned • 1.5mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
6/10 Fire Factor
10% chance of being in a wildfire in next 30 years
6/10 Heat Factor
6 days above 94° expected this year, 20 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Fallbrook, CA • 92028
Average low and high temperatures (°F)
69
49
70
51
73
52
70
51
74
55
78
58
84
62
87
63
83
64
78
57
72
51
70
49
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.2 hours in
June and 7.2 hours in December, placing it above the
U.S. average for solar exposure.
9.2 hrs
7.2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$566,000 – $685,000
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