Prime Investment & Instant Equity Opportunity in Fallbrook – Act Fast! This is your chance to secure a high-potential, value-add four-plex in the heart of Fallbrook! Whether you’re an investor seeking immediate cash flow or an owner-occupant looking to offset your mortgage with rental income, this property delivers. The spacious three-bedroom, 2½-bath unit is perfect for a primary residence, while the three additional two-bedroom, one-bath units provide steady rental income. (Picture of the furnished living room is digitally staged) Long-term tenants (5+ years) ensure reliable cash flow, while the new owner improves one unit at a time! But here’s where the real opportunity lies, this is a handyman special, a fixer’s dream with deferred maintenance that, once addressed, unlocks huge upside potential. With strategic upgrades, you can maximize rents, boost property value, and gain instant equity. Additional perks include on-site laundry for extra income, private garages for each unit, and additional parking space, all features tenants love. Located just steps from Main Street and local shops, plus easy I-15 access, this property is in a prime rental location. Deals like this don’t last! With a little bit of elbow, grease, you’ll unlock built-in value that would normally take years of market appreciation to achieve. Don’t let this opportunity pass you by, this one will get snapped up by a savvy investor or entrepreneur who knows that with a little risk the rewards can be exponential. Drive by today, but do not disturb tenants. Interior viewings available with the listing agent present!
Multi-familyProperty Type
1975Year Built
7,050 sq ftLot Size
$274Est. Price/Sq.Ft.
Listed by Virginia Gissing•DRE #01857605• RE/MAX Connections
Contact: vgissing@icloud.com
Bought with Peter Diryawush•DRE #01816251• J. Peter Realtors
*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
9
Baths
6
Stories
—
Lot width
—
Lot depth
—
Lot size
7,405 Sq. Ft.
Year renovated
1975
Sq. Ft.
4,232
Year built
1975
Style
Multi-Family (2-4 Unit)
County
San Diego County
APN
1031330600
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
Interior
Laundry Information
Has Laundry
Community
Interior Features
Entry Level: 1
Entry Location: Front door
Unit Type 1 Information
Unit Key Numeric: 11790249
Listing Key Numeric: 374088098
Actual Rent: $2,200
Total # of Baths: 3
Total # of Beds: 3
# of Garage Spaces: 1
Total Rent: $2,200
Unit Type 2 Information
Unit Key Numeric: 11790250
Listing Key Numeric: 374088098
Actual Rent: $1,550
Total # of Baths: 1
Total # of Beds: 2
# of Garage Spaces: 1
Total Rent: $1,550
Unit Type 3 Information
Listing Key Numeric: 374088098
Unit Key Numeric: 11790251
Actual Rent: $1,550
Total # of Baths: 1
Total # of Beds: 2
# of Garage Spaces: 1
Total Rent: $1,550
Unit Type 4 Information
Listing Key Numeric: 374088098
Unit Key Numeric: 11790252
Total # of Baths: 1
Total # of Beds: 2
# of Garage Spaces: 1
Total Rent: $1,550
Expenses
Fuel Expense: $2,940
Trash: $2,897
Total: $36,444
Insurance: $6,500
Water Sewer: $9,807
New Taxes: $11,550
Multi-Unit Information
Net Operating Income: $51,446
Sq. Ft.
Total Building Area: 4,232
Gross Scheduled Income: $82,200
Gross Income: $82,200
# Of Separate Water Meters: 1
# 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: 2-5 Units/Acre
Property Information
Total # of Units: 4
Common Walls: No Common Walls
Parcel Number: 1031330600
Total # of Stories: 2
Year Built Source: Assessor
Financial
Lease / Rental Details
Operating Expense: $30,754
Utilities
Utilities Information
Sewer: Public Sewer
Location
Neighborhood Information
Community Features: Curbs
Location Information
Latitude: 33.38508700
Longitude: -117.25053900
Directions: E Mission Rd, turn north on N Vine St. property is on the left.
Zoning: R-3:RESTRICTED MULTIPLE
Public facts
Beds: 9
Baths: 6.0
Sq. Ft.: 4,232
Stories: —
Lot Size: 7,405 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1975
Year Renovated: 1975
County: San Diego County
APN: 1031330600
Home facts updated by county records on Aug 20, 2026
Other
Listing Information
IDX Contact Info: vgissing@icloud.com
Days Active in MLS: 13
Listing Agent Information
List Agent First Name: Virginia
List Agent Last Name: Gissing
Listing Office Information
List Office Name: RE/MAX Connections
Selling Agent Information
Buyer Agent First Name: Peter
Buyer Agent Last Name: Diryawush
Selling Office Information
Buyer Office Name: J. Peter Realtors
Around this home
Schools
William H. Frazier Elementary School
Public K-6 • Assigned • 1.5mi
7/10
James E. Potter Intermediate School
Public 7-8 • Assigned • 2.0mi
5/10
Fallbrook High School
Public 9-12 • Assigned • 2.5mi
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
7/10 Fire Factor
16% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 94° expected this year, 21 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)
69
49
70
51
73
52
70
51
74
55
78
58
84
62
87
63
83
64
80
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
$1.10M – $1.33M
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