Don't miss out on this great income property with loads of potential. This rare well maintained 4-unit residence is located in the center of Fallbrook. All units are 2BR, 1BA with long term tenants (2 units upstairs and 2 units downstairs). Each unit has its own assigned carport with ample space for parking. Walking distance to schools, shops & restaurants. Please do NOT disturb tenants, shown with accepted offer only.
Multi-familyProperty Type
1978Year Built
7,405 sq ftLot Size
$385Est. Price/Sq.Ft.
Listed by Cristina Dagdagan•DRE #01110235• HomeSmart Realty West
Bought with Cristina Dagdagan•DRE #01110235• HomeSmart Realty West
Source:CRMLS #200037807
Redfin Estimate
$1,225,690
$76K since sold in January 2022$13K since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 25.8% higher than the average sale price ($974K) of 6 comparable homes.
Don't miss out on this great income property with loads of potential. This rare well maintained 4-unit residence is located in the center of Fallbrook. All units are 2BR, 1BA with long term tenants (2 units upstairs and 2 units downstairs). Each unit has its own assigned carport with ample space for parking. Walking distance to schools, shops & restaurants. Please do NOT disturb tenants, shown with accepted offer only.
Public Records
Apr 28, 2006
Sold
$650,000
$204/sq ft
CRMLS #51083021
Apr 10, 2006
Sold
$685,000
$215/sq ft
Nov 13, 2005
Listed
$735,000
$231/sq ft
Seller to ent. offers betw. $665K-$735K. Wonderful location walking distance to downtown, schools & shops. Well maintained units with long term tenants. Room for rent increase. Recently updated with new tile, paint, windows, exterior siding and newer roof. Please do not disturb tenants; show with accepted offer.
CRMLS #51009433
Aug 10, 2005
Listing Removed
—
Feb 11, 2005
Listed
$725,000
$228/sq ft
Public Records
May 13, 2003
Sold
$430,000
$135/sq ft
Public Records
Dec 9, 2002
Sold
$20,000
$6/sq ft
Public Records
Oct 9, 2002
Sold
$385,000
$121/sq ft
Public Records
Sep 15, 2000
Sold
$274,000
$86/sq ft
CRMLS #1012998
Sep 20, 2000
Sold
$273,900
$86/sq ft
Jul 21, 2000
Listed
$273,900
$86/sq ft
CRMLS #1009071
Jul 19, 2000
Listing Removed
—
May 22, 2000
Listed
$273,900
$86/sq ft
Public Records
May 25, 1993
Sold
$190,000
$60/sq ft
Public Records
Aug 17, 1989
Sold
$219,000
$69/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$13,147 (+2.4%)
$541,216 + $703,580
$1,244,796
2024
$12,836 (+3.2%)
$530,604 + $689,785
$1,220,389
2023
$12,443 (+57.2%)
$520,200 + $676,260
$1,196,460
2022
$7,914 (+3.2%)
$510,000 + $663,000
$1,173,000
2021
$7,668 (+7.8%)
$408,000 + $321,300
$729,300
2020
$7,115 (+1.4%)
$400,000 + $315,000
$715,000
2019
$7,019 (+11.6%)
$328,000 + $322,000
$650,000
2018
$6,289 (+7.5%)
$323,000 + $317,000
$640,000
2017
$5,853 (+11.4%)
$268,000 + $262,000
$530,000
2016
$5,256 (+4.7%)
$268,000 + $262,000
$530,000
2015
$5,019 (+4.4%)
$243,000 + $237,000
$480,000
2014
$4,806 (+0.6%)
$223,000 + $217,000
$440,000
2013
$4,776 (+8.8%)
$223,000 + $217,000
$440,000
2012
$4,391 (+0.4%)
$223,000 + $217,000
$440,000
2011
$4,374 (+1.1%)
$117,000 + $283,000
$400,000
2010
$4,327 (−41.0%)
$117,000 + $283,000
$400,000
2009
$7,328 (+1.8%)
$117,000 + $283,000
$400,000
2008
$7,196
$350,198 + $339,586
$689,784
Tax history for 421 N Vine St
Year
Property tax
Land + Additions
Assessment*
2025
$13,147 (+2.4%)
$541,216 + $703,580
$1,244,796
2024
$12,836 (+3.2%)
$530,604 + $689,785
$1,220,389
2023
$12,443 (+57.2%)
$520,200 + $676,260
$1,196,460
2022
$7,914 (+3.2%)
$510,000 + $663,000
$1,173,000
2021
$7,668 (+7.8%)
$408,000 + $321,300
$729,300
2020
$7,115 (+1.4%)
$400,000 + $315,000
$715,000
2019
$7,019 (+11.6%)
$328,000 + $322,000
$650,000
2018
$6,289 (+7.5%)
$323,000 + $317,000
$640,000
2017
$5,853 (+11.4%)
$268,000 + $262,000
$530,000
2016
$5,256 (+4.7%)
$268,000 + $262,000
$530,000
2015
$5,019 (+4.4%)
$243,000 + $237,000
$480,000
2014
$4,806 (+0.6%)
$223,000 + $217,000
$440,000
2013
$4,776 (+8.8%)
$223,000 + $217,000
$440,000
2012
$4,391 (+0.4%)
$223,000 + $217,000
$440,000
2011
$4,374 (+1.1%)
$117,000 + $283,000
$400,000
2010
$4,327 (−41.0%)
$117,000 + $283,000
$400,000
2009
$7,328 (+1.8%)
$117,000 + $283,000
$400,000
2008
$7,196
$350,198 + $339,586
$689,784
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
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
Heating & Cooling
Heating Type: Forced Air
Exterior
Exterior Information
Foundation Type: Slab
Construction Type: Frame
Exterior Wall: Stucco
Roof Framing Type: Wood
Property Information
Subdivision Name: WEST FALLBROOK
Building Sq. Ft: 3,186
# of Units: 4
# of Stories: 2
Legal Description: (EX ST WID) LOT 8 BLK 40 TR 743
Parking & Garage Information
# of Parking Spaces: 4
Parking Type: Carport
Garage/Parking Sq. Ft: 800
Garage / Carport Type: Carport
Lot Information
# of Buildings: 1
Land Sq. Ft: 7,405
Legal Lot Number: 8
Legal Block Number: 40
Acres: 0.17
Depth Footage: 128
Front Footage: 56
Zoning Code: RU
County Use Description: MULTI-RESID 2-4
Financial
Assessor Information
Assessment Year: 2026
Public facts
Beds: 8
Baths: 4.0
Sq. Ft.: 3,186
Stories: 2.0
Lot Size: 7,405 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1978
Year Renovated: 1978
County: San Diego County
APN: 1031370600
Home facts updated by county records on Aug 20, 2026
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
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
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
$1.17M – $1.41M
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