BOM! Happy long term tenants, front unit has been there for 20 years. Fantastic opportunity to own 4 clean and maintained units, walking distance to Main Avenue and restaurants, shopping, schools and library. All have a garage, carport and storage. Up units have vaulted ceilings. Down units have patios. This is a comfortable, building with happy tenants. Laundry income is $200/month. All units are rented on a month to month. Fabulous cap rate! Do not disturb tenants. Shown with accepted offer. Neighborhoods: Downtown Other Fees: 0 Sewer: Sewer Connected Number of Furnished Units: 0 Topography: LL
Multi-familyProperty Type
1975Year Built
Listed by Chris Murphy•DRE #01246689• Epic Realty Group, Inc
Bought with Allen Frozano•DRE #02034668• Keller Williams Realty-SDNI
BOM! Happy long term tenants, front unit has been there for 20 years. Fantastic opportunity to own 4 clean and maintained units, walking distance to Main Avenue and restaurants, shopping, schools and library. All have a garage, carport and storage. Up units have vaulted ceilings. Down units have patios. This is a comfortable, building with happy tenants. Laundry income is $200/month. All units are rented on a month to month. Fabulous cap rate! Do not disturb tenants. Shown with accepted offer.
Public Records
Jun 8, 2017
Sold
$810,000
SDMLS #160008876
Apr 29, 2016
Sold
$725,000
Mar 2, 2016
Pending
—
Feb 18, 2016
Listed
$725,000
+20
First time investors or homeowners this is a fabulous property for you! All 4 units are rented month-to-month. Plenty of parking, and close to shopping and schools. Live in one and rent the other 3! This will even go VA! Upstairs floors have raised ceilings. Downstairs units have patios. Clean units with great upkeep. Laundry income about $125/mo on month-to-month service. 2 garages plus added storage. This is a comfortable well-kept complex. Do not disturb tenants - shown with accepted offer.
The beautiful small town of Fallbrook in the northern part of San Diego County enjoys the best of both worlds: sunny, blue skies with temperate weather and only 30 min. to the beach as well as 2 1/2 hr drive to San Bernardino Mtns and skiing! Live in a smaller, rural setting, but commute to San Diego or Orange County high tech companies. Located just east of Camp Pendleton, this town is right next to the back gate - an easy drive for active duty or defense contractors. Come check out your next investment property and drive by today!
CRMLS #41056121
Sep 19, 2004
Sold
$687,500
Sep 2, 2004
Listed
$725,000
CRMLS #981003299
Apr 23, 1998
Sold
$215,000
Feb 25, 1998
Listed
$215,500
SDMLS #971001148
Feb 25, 1998
Listing Removed
—
Feb 25, 1998
Listing Removed
—
Jan 20, 1997
Listed
$215,500
Jan 20, 1997
Listed
$215,500
Year
Property tax
Land + Additions
Assessment*
2025
$10,226 (+2.4%)
$375,481 + $591,667
$967,148
2024
$9,983 (+3.1%)
$368,119 + $580,066
$948,185
2023
$9,680
$360,901 + $568,693
$929,594
2022
$9,684 (+3.3%)
$353,825 + $557,543
$911,368
2021
$9,377 (−0.9%)
$346,888 + $546,611
$893,499
2020
$9,462 (+1.9%)
$340,087 + $535,894
$875,981
2019
$9,289 (+2.4%)
$336,600 + $530,400
$867,000
2018
$9,071 (+11.6%)
$330,000 + $520,000
$850,000
2017
$8,128 (+42.9%)
$224,400 + $515,100
$739,500
2016
$5,688 (+13.3%)
$224,400 + $515,100
$739,500
2015
$5,019 (+4.4%)
$194,000 + $326,000
$520,000
2014
$4,806 (+0.6%)
$165,000 + $275,000
$440,000
2013
$4,776 (+1.3%)
$165,000 + $275,000
$440,000
2012
$4,716 (+0.4%)
$165,000 + $275,000
$440,000
2011
$4,698 (+1.1%)
$150,000 + $280,000
$430,000
2010
$4,647 (−27.2%)
$150,000 + $280,000
$430,000
2009
$6,382 (−17.7%)
$150,000 + $280,000
$430,000
2008
$7,759
$200,000 + $400,000
$600,000
Tax history for 439 N Main Ave
Year
Property tax
Land + Additions
Assessment*
2025
$10,226 (+2.4%)
$375,481 + $591,667
$967,148
2024
$9,983 (+3.1%)
$368,119 + $580,066
$948,185
2023
$9,680
$360,901 + $568,693
$929,594
2022
$9,684 (+3.3%)
$353,825 + $557,543
$911,368
2021
$9,377 (−0.9%)
$346,888 + $546,611
$893,499
2020
$9,462 (+1.9%)
$340,087 + $535,894
$875,981
2019
$9,289 (+2.4%)
$336,600 + $530,400
$867,000
2018
$9,071 (+11.6%)
$330,000 + $520,000
$850,000
2017
$8,128 (+42.9%)
$224,400 + $515,100
$739,500
2016
$5,688 (+13.3%)
$224,400 + $515,100
$739,500
2015
$5,019 (+4.4%)
$194,000 + $326,000
$520,000
2014
$4,806 (+0.6%)
$165,000 + $275,000
$440,000
2013
$4,776 (+1.3%)
$165,000 + $275,000
$440,000
2012
$4,716 (+0.4%)
$165,000 + $275,000
$440,000
2011
$4,698 (+1.1%)
$150,000 + $280,000
$430,000
2010
$4,647 (−27.2%)
$150,000 + $280,000
$430,000
2009
$6,382 (−17.7%)
$150,000 + $280,000
$430,000
2008
$7,759
$200,000 + $400,000
$600,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
9
Baths
5
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
1031330900
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 20, 2026.
Property details
Interior
Kitchen Information
Appliances: Gas Water Heater
Has Appliances
Heating Information
Natural Gas
Has Heating
Interior Features
Levels: Two
Unit Type 1 Information
Unit Key Numeric: 10498960
Listing Key Numeric: 359815447
Actual Rent: $1,810
Total # of Baths: 2
Total # of Beds: 3
Unit Type 2 Information
Unit Key Numeric: 10498961
Listing Key Numeric: 359815447
Actual Rent: $1,150
Total # of Baths: 1
Total # of Beds: 2
Unit Type 3 Information
Listing Key Numeric: 359815447
Unit Key Numeric: 10498962
Actual Rent: $1,150
Total # of Baths: 1
Total # of Beds: 2
Unit Type 4 Information
Listing Key Numeric: 359815447
Unit Key Numeric: 10498963
Actual Rent: $1,200
Total # of Baths: 1
Total # of Beds: 2
Multi-Unit Information
# of Units With Refrigerator: 2
# of Units With Range: 4
# of Units With Patio: 2
Net Operating Income: $51,990
Gross Scheduled Income: $66,120
# Of Buildings: 1
Exterior
Exterior Information
Roof: Composition
Fencing: Partial
Has Fence
Exterior Features
Pool Features: None
Property Information
Total # of Units: 4
Parcel Number: 1031330900
Total # of Stories: 2
Walk Score: 84
Financial
Lease / Rental Details
Tenant Pays: Electricity
Location
Location Information
Latitude: 33.38537900
Longitude: -117.25101700
Other Subdivision Name: Fallbrook
Directions: E Mission to N Main Avenue. One block up on right side of street. CrossStreet: Kalmia
Subdivision Name: Fallbrook
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: 1031330900
Home facts updated by county records on Aug 20, 2026
Other
Listing Information
Days Active in MLS: 56
Continuous Days Active in MLS: 56
Listing Agent Information
List Agent First Name: Chris
List Agent Last Name: Murphy
Listing Office Information
List Office Name: Murphy & Murphy SoCal Realty
Selling Agent Information
Buyer Agent First Name: Allen
Buyer Agent Last Name: Frozano
Selling Office Information
Buyer Office Name: Keller Williams Realty
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 • 2.6mi
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
81
60
87
63
84
63
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
$1.21M – $1.46M
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