This home's estimate is 46.1% higher than the average sale price ($781K) of 6 comparable homes.
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- Sale & tax history
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301-7 W Elder St, Fallbrook, CA 92028
About this home
This 4plex has an amazing opportunity - 1 bedroom apartments can be transformed into 2 bedrooms! The County already has them as 2 bedrooms. The bedrooms are large enough to be split, creating an opportunity for increased rental income. Building has been recently painted, new windows installed and new fascia. 2 units on top and 2 units below with large patios. Two of the units have been renovated. There is a parking lot that can accommodate approximately 8 cars. Rents are way below market price. This is a great opportunity!
Redfin Estimate
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Market trends in 92028, CA
Last updated September 2026
Buyer's Market
Seller's Market
Seller's market
0 MoM
- OPEN SAT, 12PM TO 3PM$995,0004 beds3 baths2,920 sq ft2286 Crest Hill Ln, Fallbrook, CA 92028Berkshire Hathaway HomeService
- OPEN SUN, 12PM TO 3PM
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Provided by Redfin
Sale history for 301-7 W Elder St
$324/sq ft
$324/sq ft
$324/sq ft
$306/sq ft
$152/sq ft
$157/sq ft
$160/sq ft

Well maintained fourplex close to town, easy to rent. All units are large one bedrooms and always rented.
$162/sq ft
$162/sq ft
$167/sq ft
$174/sq ft
$162/sq ft
$162/sq ft
$169/sq ft
$162/sq ft
$169/sq ft
$426/sq ft
$426/sq ft
$169/sq ft
$187/sq ft
$162/sq ft
$102/sq ft
Tax history for 301-7 W Elder St
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking / Garage Information
- Uncovered Spaces: 8
- # of Parking Spaces: 8
Interior
- Laundry Information
- Has Laundry
- None
- Multi-Unit Information
- # of Units With Refrigerator: 4
- # of Units With Range: 4
- # of Units With Patio: 2
- Total Building Area: 2,936
- # Of Separate Gas Meters: 4
- # Of Separate Electric Meters: 4
- # Of Buildings: 1
Exterior
- Exterior Features
- Pool Features: None
- Lot Information
- Lot Size Source: Assessor's Data
- Lot Features: Corner Lot
- Property Information
- Total # of Units: 4
- Common Walls: 1 common wall
- Parcel Number: 1032201500
- Attached Property
- Total # of Stories: 2
- Year Built Source: Assessor
Financial
- Assesments Information
- Assessments: Unknown
- Lease / Rental Details
- Rent Control
Utilities
- Utilities Information
- Water Source: District/Public
Location
- Neighborhood Information
- Community Features: Urban
- Location Information
- Latitude: 33.38036174
- Longitude: -117.25375608
- Directions: S. Mission to W. Elder
- Zoning: R-3
Public facts
- Beds: 8
- Baths: 4.0
- Sq. Ft.: 2,936
- Stories: —
- Lot Size: 6,970 square feet
- Style: Multi-Family (2-4 Unit)
- Year Built: 1963
- Year Renovated: 1963
- County: San Diego County
- APN: 1032201500
Other
- Listing Information
- Days Active in MLS: 3
- Listing Agent Information
- List Agent First Name: Rudy
- List Agent Last Name: Gallegos
- Listing Office Information
- List Office Name: RE/MAX Connections
- Selling Agent Information
- Buyer Agent First Name: Matt
- Buyer Agent Last Name: May
- Selling Office Information
- Buyer Office Name: Keller Williams La Jolla
Around this home
Schools
Public K-6 • Assigned • 0.2mi
Public 7-8 • Assigned • 2.0mi
Public 9-12 • Assigned • 2.3mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
15% chance of being in a wildfire in next 30 years
7 days above 94° expected this year, 21 days in 30 years
Minimal risk of severe winds over next 30 years
4 unhealthy days expected this year, 4 days in 30 years
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.
Nearby similar homes
New listings for sale in 92028
Home values near 301-7 W Elder St
| Address | Redfin Estimate |
|---|---|
- Beds | 969 Baths | - Sq. Ft. | — |
2 Beds | 1 Baths | 984 Sq. Ft. | $566,733 |
| Address | Redfin Estimate |
|---|---|
- Beds | 311 Baths | - Sq. Ft. | — |
3 Beds | 2 Baths | 1368 Sq. Ft. | $728,583 |
| Address | Redfin Estimate |
|---|---|
1 Beds | 1 Baths | 528 Sq. Ft. | $601,378 |
3 Beds | 1 Baths | 1264 Sq. Ft. | $637,250 |
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