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Off Market Nov 2024 for $1.5M

$1,698,547

Est. refi paymentEst. refi $5,679/mo

•

2,582

sq ft

331 S Main Ave, Fallbrook, CA 92028

About this home

331 S Main Ave is an apartment complex located in the heart of Fallbrook. The property consists of 5 permitted units and 3 additional bootleg rentals, for a total of 8. There are 5 two-bedroom anjavascript:void(0); d one-bath units, 2 studios, and 1 one-bedroom one bath unit. In 2023, the units were significantly renovated inside and out. For the exterior the ownership put on new roofs, siding, dual pane windows, fencing, paint, artifcial turf, and drought-tolerant landscaping. Interior there are new kitchen cabinets, counter tops, flooring, paint, sinks, and vanities. Based on in place income of approx. $14,000 a month this turn-key investment offers it all, cash flow without any heavy repositioning.

Single-familyProperty Type

1920Year Built

8,798 sq ftLot Size

$658Est. Price/Sq.Ft.

Listed by Cody Evans •DRE #01399935 • South Coast Commercial Inc.

Bought with Eric Tackett •DRE #02164458 • eXp Realty of California, Inc.

Redfin checked: 3 minutes ago

•Source:CRMLS #PTP2406337

Redfin Estimate

$1,698,547

$199K since sold in November 2024$3,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 117.5% higher than the average sale price ($781K) of 6 comparable homes.

SOLD AUG 3, 2026
$850,000
A
5 beds3 baths2,585 sq ft
1032 Felicidad, Fallbrook, CA 92028
First Team Real Estate
SOLD JUL 29, 2026
$795,000
B
4 beds3 baths1,924 sq ft
177 Barhaven Ln, Fallbrook, CA 92028
SOLD JUN 23, 2026
$720,000
C
4 beds2.5 baths2,304 sq ft
1077 Felicidad Dr, Fallbrook, CA 92028
SOLD DEC 19, 2025
$715,000
D
4 beds3 baths1,641 sq ft
503 Potter, Fallbrook, CA 92028
AAA Realty & Investments
SOLD AUG 17, 2026
$907,500
E
4 beds2.5 baths2,291 sq ft
377 Natalie Way, Fallbrook, CA 92028
SOLD DEC 5, 2025
$699,000
F
3 beds3 baths1,810 sq ft
212 S Wisconsin St, Fallbrook, CA 92028

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Earn from this home

Refinance

Est. cash available

Get cash now or lower your monthly rate

Market trends in 92028, CA

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.6%

+0.2% MoM

Median sale price

$888K

$13K MoM

Avg. days on market

40d

7 days MoM

Recently sold homes

180

7 MoM

New listings for sale

COMING SOON
$525,000
2 beds2.5 baths1,185 sq ft
35111 Rangpur Ln, Fallbrook, CA 92028
COMING SOON
$769,000
4 beds2.5 baths2,156 sq ft
248 Dun Blazer Way, Fallbrook, CA 92028
3D WALKTHROUGH
$1,200,000
3 beds2.5 baths2,288 sq ft
1044 Valentine Ln, Fallbrook, CA 92028
$1,025,000
4 beds2.5 baths2,384 sq ft
2194 Stone Castle, Fallbrook, CA 92028
LISTED BY REDFIN
$370,000
2 beds2 baths945 sq ft
868 E Alvarado St #28, Fallbrook, CA 92028
$709,990
3 beds2 baths1,243 sq ft
715 Las Ramblas, Fallbrook, CA 92028
$249,999
3 beds2 baths1,152 sq ft
1638 Calavo Rd #35, Fallbrook, CA 92028
3D & VIDEO TOUR
$779,000
3 beds2 baths1,687 sq ft
352 Tom McGuinness Jr Cir, Fallbrook, CA 92028
OPEN WED, 10AM TO 12PM
$721,900
3 beds2 baths1,535 sq ft
4933 Lake Shore Ct, Fallbrook, CA 92028
Premiere Real Estate
3D WALKTHROUGH
$775,000
3 beds2.5 baths1,970 sq ft
3958 Lake Park, Fallbrook, CA 92028
Benchmark Properties
See all

Provided by Redfin

Sale history for 331 S Main Ave

Date

Event

Price

Avail #1

May 20, 2026

Rental Removed

$1,850

$1/sq ft

May 13, 2026

Price Changed

$1,850

$1/sq ft

May 7, 2026

Listed for Rent

$1,900

$1/sq ft

CRMLS #PTP2406337

Nov 21, 2024

Sold

$1,500,000

$581/sq ft

Nov 12, 2024

Pending

—

Oct 14, 2024

Listed

$1,599,000

$619/sq ft

CRMLS #PTP2406335

Nov 12, 2024

Pending

—

Nov 12, 2024

Listing Removed

—

Oct 14, 2024

Listed

$1,599,000

$619/sq ft

CRMLS #PTP2405168

Oct 12, 2024

Listing Removed

—

Aug 26, 2024

Listed

$1,599,999

$620/sq ft

CRMLS #PTP2405166

Oct 5, 2024

Listing Removed

—

Aug 26, 2024

Listed

$1,599,999

$620/sq ft

SDMLS #240013970

Oct 5, 2024

Listing Removed

—

Aug 26, 2024

Price Changed

$1,599,999

$620/sq ft

Jun 18, 2024

Listed

$1,650,000

$639/sq ft

SDMLS #240009738

Oct 12, 2024

Listing Removed

—

May 3, 2024

Listed

$1,599,999

$620/sq ft

SDMLS #220027303

Apr 7, 2023

Sold

$875,000

$339/sq ft

Nov 2, 2022

Listed

$995,000

$385/sq ft

SDMLS #220008398

Sep 2, 2022

Listing Removed

—

Apr 11, 2022

Listed

$1,095,000

$424/sq ft

SDMLS #210007731

Mar 21, 2022

Listing Removed

—

Mar 25, 2021

Listed

$1,100,000

$426/sq ft

Public Records

Jun 7, 2017

Sold

$325,500

$126/sq ft

Public Records

Sep 22, 2014

Sold

$470,000

$182/sq ft

Public Records

Apr 18, 2014

Sold

$450,000

$174/sq ft

Public Records

Sep 28, 1988

Sold

$218,000

$84/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$16,148 (+68.4%)

$510,000 + $1,020,000

$1,530,000

2024

$9,587 (+11.5%)

$500,000 + $1,000,000

$1,500,000

2023

$8,597

$408,000 + $484,500

$892,500

2022

$8,601 (+3.2%)

$646,999 + $161,749

$808,748

2021

$8,336 (−0.9%)

$634,313 + $158,578

$792,891

2020

$8,415 (+1.8%)

$621,876 + $155,469

$777,345

2019

$8,267 (+1.5%)

$615,500 + $153,875

$769,375

2018

$8,142 (+186.4%)

$591,600 + $147,900

$739,500

2017

$2,843

$70,417 + $181,221

$251,638

Tax history for 331 S Main Ave

Year

Property tax

Land + Additions

Assessment*

2025

$16,148 (+68.4%)

$510,000 + $1,020,000

$1,530,000

2024

$9,587 (+11.5%)

$500,000 + $1,000,000

$1,500,000

2023

$8,597

$408,000 + $484,500

$892,500

2022

$8,601 (+3.2%)

$646,999 + $161,749

$808,748

2021

$8,336 (−0.9%)

$634,313 + $158,578

$792,891

2020

$8,415 (+1.8%)

$621,876 + $155,469

$777,345

2019

$8,267 (+1.5%)

$615,500 + $153,875

$769,375

2018

$8,142 (+186.4%)

$591,600 + $147,900

$739,500

2017

$2,843

$70,417 + $181,221

$251,638

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

8,736 Sq. Ft.

Year renovated

2020

Sq. Ft.

2,582

Year built

2020

Style

Multi-Family (5+ Unit)

County

San Diego County

APN

1040521400

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 20, 2026.

Property details

Interior

Laundry Information
None

Bathroom Information
# of Baths (Full): 8

Cooling Information
Wall Window
Has Cooling

Room Information
Kitchen, Living Room, Primary Bathroom, Primary Bedroom

Interior Features
Entry Level: 1
Entry Location: Front Door
Levels: One

Multi-Unit Information
# of Units In Community: 8

Exterior

Exterior Features
Pool Features: None

Lot Information
Lot Size Source: Public Records
Lot Features: Back Yard, Front Yard, Landscaped, Near Public Transit

Property Information
Common Walls: 1 common wall
Living Area Source: Public Records
Parcel Number: 1040521400
Attached Property
Total # of Stories: 2
Has View
Year Built Source: Estimated

Utilities

Utilities Information
Sewer: Public Sewer

Location

Neighborhood Information
Community Features: Curbs, Gutters, Sidewalks

School Information
High School District: Fallbrook Union

Location Information
Latitude: 33.37964400
Longitude: -117.25166400
Directions: On South Main. West College is nearest cross street
Zoning: FBV4 (buyer to verify)

Public facts

Beds: —
Baths: —
Sq. Ft.: 2,582
Stories: —
Lot Size: 8,736 square feet
Style: Multi-Family (5+ Unit)
Year Built: 2020
Year Renovated: 2020
County: San Diego County
APN: 1040521400

Home facts updated by county records on Aug 20, 2026

Other

Listing Information
Days Active in MLS: 29

Listing Agent Information
List Agent First Name: Cody
List Agent Last Name: Evans

Listing Office Information
List Office Name: South Coast Commercial Inc.

Selling Agent Information
Buyer Agent First Name: Eric
Buyer Agent Last Name: Tackett

Selling Office Information
Buyer Office Name: eXp Realty of California, Inc.

Around this home

Schools

Fallbrook Street Elementary School

Public K-6 • Assigned • 0.3mi

5/10

James E. Potter Intermediate School

Public 7-8 • Assigned • 1.9mi

5/10

Fallbrook High School

Public 9-12 • Assigned • 2.2mi

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

14% chance of being in a wildfire in next 30 years

6/10 Heat Factor

6 days above 94° expected this year, 19 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

4/10 Air Factor

4 unhealthy days expected this year, 4 days in 30 years

Provided by First Street

Historical weather

Fallbrook, CA • 92028

Average low and high temperatures (°F)

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

Is this your home?

Track this home’s value and nearby sales activity

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Premiere Real Estate

Home values near 331 S Main Ave

Data from public records.

Address	Redfin Estimate
309 South Main Ave, Fallbrook, CA 3 Beds \| 2 Baths \| 1250 Sq. Ft.	$686,788
140 East College St, Fallbrook, CA 2 Beds \| 1 Baths \| 1115 Sq. Ft.	$605,402

Address	Redfin Estimate
128 West Elder St, Fallbrook, CA 2 Beds \| 1 Baths \| 768 Sq. Ft.	$454,872
127 East College St, Fallbrook, CA 3 Beds \| 1.5 Baths \| 1119 Sq. Ft.	$791,820

Address	Redfin Estimate
128 East College St, Fallbrook, CA 2 Beds \| 2 Baths \| 1692 Sq. Ft.	$646,669
131 East Elder St, Fallbrook, CA 2 Beds \| 1 Baths \| 1600 Sq. Ft.	$773,684

Property information provided by undefined .

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About this home

Redfin Estimate

Earn from this home

Market trends in 92028, CA

Sale history for 331 S Main Ave

Tax history for 331 S Main Ave

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 92028

Home values near 331 S Main Ave

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