OFF MARKET

Off Market Mar 2016 for $630K

$1,157,047

Est. refi paymentEst. refi $3,767/mo

•

5 ba

•

3,400

sq ft

423 N Main, Fallbrook, CA 92028

About this home

We are pleased to present 423 North Main Avenue apartments. The property is situated in downtown Fallbrook and historically has low vacancy. Boasting a strong unit mix, an abundance of parking, and strong financials this property is a great choice for a seasoned investor or first time buyer. Fallbrook is about 15 miles from the Pacific Ocean and just a short drive to Interstate 15. It is easily accessible from San Diego, Orange County, Riverside, & Los Angeles.

Multi-familyProperty Type

1975Year Built

$340Est. Price/Sq.Ft.

1 spaceParking

Listed by Anthony Mendes •DRE #01845642 • The Mendes Company

•619-889-3614 (agent)

•anthony@mendescompany.com (agent)

Bought with Herbert Dittrick •DRE #00582923 • Orange County Realty Co

•949-702-0594 (agent)

Redfin checked: 2 minutes ago

•Source:SDMLS #160001646

Redfin Estimate

$1,157,047

$527K since sold in March 2016$22K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 32.4% higher than the average sale price ($874K) 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 SEP 9, 2026
$890,000
B
4 beds3 baths2,246 sq ft
842 Porter Way, Fallbrook, CA 92028
SOLD BY REDFIN JUL 28, 2026
$1,195,000
C
4 beds3 baths3,133 sq ft
1282 Olive Ave, Fallbrook, CA 92028
SOLD JUL 29, 2026
$795,000
D
4 beds3 baths1,924 sq ft
177 Barhaven Ln, Fallbrook, CA 92028
SOLD APR 23, 2026
$750,000
E
4 beds3 baths1,962 sq ft
275 Royal Glen Dr, Fallbrook, CA 92028
HomeSmart Realty West
SOLD JUL 28, 2026
$765,000
F
3 beds2.5 baths2,692 sq ft
717 Porter Rd, Fallbrook, CA 92028
Team Forss Realty Group

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Earn from this home

Sell

$708,338

Est. take-home

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Refinance

Est. cash available

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Market trends in 92028, CA

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.3%

0.3% MoM

Median sale price

$885K

$2K MoM

Avg. days on market

50d

10 days MoM

Recently sold homes

176

0 MoM

New listings for sale

NEW 18 MINS AGO
$9,060,000
58 beds54 baths34,813 sq ft
234 W Kalmia St, Fallbrook, CA 92028
COMING SOON
$1,949,000
4 beds4.5 baths4,122 sq ft
3068 Willow Heights Rd, Fallbrook, CA 92028
OPEN SAT, 12PM TO 4PM
$650,000
4 beds2 baths1,753 sq ft
131 S Brandon Rd, Fallbrook, CA 92028
OPEN SAT, 11AM TO 3PM
$1,175,000
3 beds2.5 baths2,927 sq ft
4911 San Jacinto Cir E, Fallbrook, CA 92028
$1,049,000
4 beds3 baths3,006 sq ft
35788 Bay Morgan Ln, Fallbrook, CA 92028
NEW 11 HRS AGO
$1,200,000
3 beds2.5 baths2,483 sq ft
2645 Daisy Ln, Fallbrook, CA 92028
REDFIN OPEN SAT, 1PM TO 3PM
$1,000,000
3 beds3 baths2,680 sq ft
4488 La Canada Rd, Fallbrook, CA 92028
OPEN SAT, 12PM TO 3PM
$1,299,000
5 beds3.5 baths3,216 sq ft
2073 Willow Gln, Fallbrook, CA 92028
NEW 23 HRS AGO
$1,195,000
4 beds3.5 baths3,107 sq ft
2327 Clearcrest Ln, Fallbrook, CA 92028
OPEN SAT, 12PM TO 2PM
$490,000
2 beds2.5 baths1,083 sq ft
35169 Rangpur Ln, Fallbrook, CA 92028
See all

Provided by Redfin

Sale history for 423 N Main

Date

Event

Price

Public Records

Mar 10, 2016

Sold

$630,000

$185/sq ft

SDMLS #160001646

Mar 14, 2016

Listing Removed

—

Mar 10, 2016

Sold

$630,000

$185/sq ft

Jan 25, 2016

Pending

—

Jan 11, 2016

Listed

$625,000

$184/sq ft

Public Records

Nov 20, 2012

Sold

$455,000

$134/sq ft

CRMLS #51063693

Dec 30, 2005

Sold

$725,000

$213/sq ft

Sep 1, 2005

Listed

$739,900

$218/sq ft

* * * Just Reduced 11/9 * * * Seller will entertain offers between $699,000 and $739,000. Looking for a solid up-leg exchange? Large, 4232 sq ft apartment complex under one roof with 2 single car garages and four carports. .. plenty of on and off-site parking. Great rental income with room for movement. Exterior. .. see supp. .. [Supplement]: . .. of complex is sound and in great working condition. Some units have been updated with new tile & carpet as well as granite accents. Private, fully fenced with secure gates on both front and back of complex. Each unit has a private patio or balcony. On-site coin-op laundry. Great rental location in Fallbrook. .. just a few steps into town. Fallbrook has always had a great rental market due to the proximity of Camp Pendleton, the 15, and the value of homes. Easy financing with no need for a commercial loan. .. under 5 units. At approx. $175 sq ft, you couldn't even build for this amount, let alone find an R3 lot to do it on! Great current and future potential. DO NOT DISTURB TENANTS! JUST REDUCED!

SDMLS #51001943

Aug 28, 2005

Listing Removed

—

Aug 28, 2005

Listing Removed

—

Jan 10, 2005

Listed

$779,900

$229/sq ft

Jan 10, 2005

Listed

$779,900

$229/sq ft

CRMLS #41045157

Oct 31, 2004

Listing Removed

—

Oct 31, 2004

Listing Removed

—

Jul 21, 2004

Listed

$829,000

$244/sq ft

Jul 21, 2004

Listed

$829,000

$244/sq ft

Public Records

Jun 1, 2000

Sold

$250,000

$74/sq ft

SDMLS #944001481

May 17, 1997

Listing Removed

—

May 17, 1997

Listing Removed

—

Nov 17, 1994

Listed

$239,000

$70/sq ft

Nov 17, 1994

Listed

$239,000

$70/sq ft

Public Records

Jun 30, 1994

Sold

$220,000

$65/sq ft

Public Records

Mar 22, 1979

Sold

$220,000

$65/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$8,054 (+2.4%)

$241,491 + $519,211

$760,702

2024

$7,862 (+3.1%)

$236,756 + $509,031

$745,787

2023

$7,626

$232,114 + $499,050

$731,164

2022

$7,628 (+3.2%)

$227,563 + $489,265

$716,828

2021

$7,391 (−0.9%)

$223,101 + $479,672

$702,773

2020

$7,461 (+1.8%)

$218,727 + $470,267

$688,994

2019

$7,327 (+1.5%)

$216,485 + $465,445

$681,930

2018

$7,217 (+2.0%)

$212,241 + $456,319

$668,560

2017

$7,075 (+36.5%)

$204,000 + $438,600

$642,600

2016

$5,184 (+1.9%)

$204,000 + $438,600

$642,600

2015

$5,086 (+1.9%)

$156,034 + $317,270

$473,304

2014

$4,990 (+1.1%)

$150,681 + $306,384

$457,065

2013

$4,937 (+4.7%)

$150,681 + $306,384

$457,065

2012

$4,716 (+0.4%)

$150,000 + $305,000

$455,000

2011

$4,698 (+1.1%)

$150,000 + $280,000

$430,000

2010

$4,647 (−9.2%)

$150,000 + $280,000

$430,000

2009

$5,117 (−19.9%)

$150,000 + $280,000

$430,000

2008

$6,391

$240,000 + $240,000

$480,000

Tax history for 423 N Main

Year

Property tax

Land + Additions

Assessment*

2025

$8,054 (+2.4%)

$241,491 + $519,211

$760,702

2024

$7,862 (+3.1%)

$236,756 + $509,031

$745,787

2023

$7,626

$232,114 + $499,050

$731,164

2022

$7,628 (+3.2%)

$227,563 + $489,265

$716,828

2021

$7,391 (−0.9%)

$223,101 + $479,672

$702,773

2020

$7,461 (+1.8%)

$218,727 + $470,267

$688,994

2019

$7,327 (+1.5%)

$216,485 + $465,445

$681,930

2018

$7,217 (+2.0%)

$212,241 + $456,319

$668,560

2017

$7,075 (+36.5%)

$204,000 + $438,600

$642,600

2016

$5,184 (+1.9%)

$204,000 + $438,600

$642,600

2015

$5,086 (+1.9%)

$156,034 + $317,270

$473,304

2014

$4,990 (+1.1%)

$150,681 + $306,384

$457,065

2013

$4,937 (+4.7%)

$150,681 + $306,384

$457,065

2012

$4,716 (+0.4%)

$150,000 + $305,000

$455,000

2011

$4,698 (+1.1%)

$150,000 + $280,000

$430,000

2010

$4,647 (−9.2%)

$150,000 + $280,000

$430,000

2009

$5,117 (−19.9%)

$150,000 + $280,000

$430,000

2008

$6,391

$240,000 + $240,000

$480,000

*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

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

1031330300

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 20, 2026.

Property details

Interior

Virtual Tour

Heating & Cooling
Heat Source: Natural Gas
Heat Equipment: Wall/Gravity

Multi-Unit Information
# of Units: 4
# of Units With Garage: 2
# of Units With Patios: 2
# of Units With Range/Oven: 4
# of Units With Refrigerator: 4
Annual Expense (Actual): $14,531
Annual Expense (Projected): $14,531
Net Operating Income (Actual): $34,823
Net Operating Income (Projected): $37,267
Gross Scheduled Income (Projected): $53,400
Tenant Pays: Sewer, Water, Electricity

Unit 1 Information
Unit Number: A
# of Bedrooms: 3
# of Baths (Total): 2
# of Baths (Full): 2
Laundry Hook-Ups: No
Estimated Sq. Ft.: 1,000
Exclusive-Use Yard
Parking Garage Type: Assigned
Deposit: $1,200
Rent (Actual): $1,200
Rent (Projected): $1,225

Unit 2 Information
Unit Number: B
# of Bedrooms: 2
# of Baths (Total): 1
# of Baths (Full): 1
Laundry Hook-Ups: No
Estimated Sq. Ft.: 800
Exclusive-Use Yard
Parking Garage Type: Assigned
Deposit: $900
Rent (Projected): $975

Unit 3 Information
Unit Number: C
# of Bedrooms: 2
# of Baths (Total): 1
# of Baths (Full): 1
Laundry Hook-Ups: No
Estimated Sq. Ft.: 800
Exclusive-Use Yard
Parking Garage Type: Assigned
Deposit: $900
Rent (Actual): $900
Rent (Projected): $975

Unit 4 Information
Unit Number: D
# of Bedrooms: 2
# of Baths (Total): 1
# of Baths (Full): 1
Laundry Hook-Ups: No
Estimated Sq. Ft.: 800
Exclusive-Use Yard
Parking Garage Type: Assigned
Deposit: $1,200
Rent (Actual): $1,000
Rent (Projected): $1,025

Community Information
Features: Gated Community, Pet Restrictions

Exterior

Exterior Features
Construction: Wood/Stucco
Fencing: Partial

Building Information
# of Buildings: 1
Year Built: 1975
Roof: Rock/Gravel

Property Information
# of Units in Building: 53,400
Res Income 2-4 Units
Sq. Ft. Source: Public Records
Pets Subject to Restrictions
Sign on Property: No

Property Features
Security: Gated Community
Telecommunications: Cable (Coaxial), Satellite Dish

Lot Information
Frontage: Other (See Remarks)
Lot Size: 4,000-7,499 Sq. Ft.
Lot Size Source: Title Company
Public Street

Land Information
Land Use Code: R3
Topography: Gentle Slope

Financial

Lease / Rental Information
Allowed w/Restrictions

Utilities

Utility Information
Sewer Connected

Water Information
Meter on Property
Water Heater Type: Gas
Water District: FALLBROOK PUBLIC UTILITY DISTRI

Location

School Information
High School URL (External Link)

School District Information
School District: Fallbrook Union Elem, Fallbrook Union High

Public facts

Beds: 9
Baths: 5.0
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: 1031330300

Home facts updated by county records on Aug 20, 2026

Other

Listing Date Information
LVT Date: 2016-01-11

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 • 2.1mi

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)

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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New listings for sale in 92028

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REDFIN OPEN SAT, 1PM TO 3PM3D WALKTHROUGH

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Home values near 423 N Main

Data from public records.

Address	Redfin Estimate
519 North Main Ave, Fallbrook, CA 3 Beds \| 1.5 Baths \| 1334 Sq. Ft.	$634,708
431 North Main Ave, Fallbrook, CA 9 Beds \| 5 Baths \| 4232 Sq. Ft.	$1,164,398

Address	Redfin Estimate
501 North Main Ave, Fallbrook, CA - Beds \| - Baths \| 1240 Sq. Ft.	$650,738
439 North Main Ave, Fallbrook, CA 9 Beds \| 5 Baths \| - Sq. Ft.	$1,270,349

Address	Redfin Estimate
430 North Main Ave, Fallbrook, CA 9 Beds \| 5 Baths \| 3401 Sq. Ft.	—
511 North Main Ave, Fallbrook, CA 3 Beds \| 1 Baths \| 750 Sq. Ft.	$379,585

Property information provided by SDMLS when last listed in 2016. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 92028, CA

Sale history for 423 N Main

Tax history for 423 N Main

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 92028

Home values near 423 N Main

More real estate resources