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Off market aug 2022 for $1.2M

$1,377,279

Est. refi paymentEst. refi $8,644/mo

•

4,256

sq ft

721 E Elder St, Fallbrook, CA 92028

About this home

Well maintained, beautiful Four-Plex--ALL are three bedroom units, with two baths. These units have been updated with newer triple paned windows, Near new roof (2020) newer paint, newer rain gutters. scraped ceilings, and ceiling fans. Some units feature new wood plank look luxury vinyl flooring! Some units have laminate wood flooring. Recently replaced interior raised panel doors. Mini blinds window coverings. Featuring two units down and 2 units up-- spacious open floorplans flow to patio in downstairs units and balcony in upstairs units. Mature landscaping with shade trees and pathways. Newer privacy fencing along property, and wrought iron railings along stair pathways. Long term tenants with upside potential on below market rents. Units include kitchen with pantry, microwaves, refrigerators, and free standing gas ranges. Open Flow Dining Area and Living Room. 2 units have 1.75 baths, 2 units have 1.5 baths. Carport space for each unit, plus some additional parking on property, and on street. Additional income from convenient on-site community laundry room. Truly a nice investment property in Fallbrook.

Multi-familyProperty Type

1965Year Built

8,712 sq ftLot Size

$324Est. Price/Sq.Ft.

6 spacesParking

Listed by Jill Hollon •DRE #01251247 • Aramis Realty Group Inc.

Contact: 714-225-1725

Bought with Sue Na •DRE #01298363 • Keller Williams Realty

Redfin checked: 2 minutes ago

•Source:CRMLS #PW22162622

Redfin Estimate

$1,377,279

$98K since sold in August 2022$33K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 80.8% higher than the average sale price ($762K) 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 SEP 24, 2026
$735,000
C
4 beds2.5 baths2,125 sq ft
1211 E Mission Rd, Fallbrook, CA 92028
SOLD OCT 2, 2026
$755,000
D
3 beds2 baths2,130 sq ft
1340 E Fallbrook St, Fallbrook, CA 92028
SOLD JUN 23, 2026
$720,000
E
4 beds2.5 baths2,304 sq ft
1077 Felicidad Dr, Fallbrook, CA 92028
SOLD DEC 19, 2025
$715,000
F
4 beds3 baths1,641 sq ft
503 Potter, Fallbrook, CA 92028
AAA Realty & Investments

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Earn from this home

Sell

$364,646

Est. take-home

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Est. cash available

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Market trends in 92028, CA

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

99.2%

0.1% MoM

Median sale price

$907K

$21K MoM

Avg. days on market

54d

4 days MoM

Recently sold homes

154

18 MoM

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Onyx Homes
VIDEO TOUR
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$1,424,999
3 beds3 baths2,859 sq ft
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$1,350,000
4 beds2.5 baths2,994 sq ft
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Great Park Realty
$765,000
4 beds2.5 baths2,156 sq ft
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LISTED BY REDFIN
$675,000
3 beds2 baths1,087 sq ft
361 Shady Gln, Fallbrook, CA 92028
OPEN NOV 7, 11AM TO 2PM
$199,999
2 beds2 baths1,810 sq ft
3909 Reche Rd #40, Fallbrook, CA 92028
$749,000
3 beds2 baths1,620 sq ft
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See all

Provided by Redfin

Sale history for 721 E Elder St

Date

Event

Price

CRMLS #PW22162622

Aug 22, 2022

Sold

$1,279,000

$301/sq ft

Aug 4, 2022

Contingent

—

Jul 25, 2022

Listed

$1,279,000

$301/sq ft

Public Records

May 10, 2011

Sold

$510,000

$120/sq ft

SDMLS #1

Nov 27, 2010

Price Changed

$530,000

$125/sq ft

Sep 23, 2010

Price Changed

$625,000

$147/sq ft

CRMLS #71060024

Jul 31, 2008

Listing Removed

—

Jul 26, 2007

Listed

$765,000

$180/sq ft

CRMLS #51082039

Apr 11, 2006

Sold

$750,000

$176/sq ft

Nov 8, 2005

Listed

$775,000

$182/sq ft

SDMLS #64011728

Feb 17, 2006

Listing Removed

—

Feb 7, 2006

Listed

$775,000

$182/sq ft

CRMLS #51030977

Sep 30, 2005

Sold

$650,000

$153/sq ft

Apr 15, 2005

Listed

$690,000

$162/sq ft

CRMLS #11015273

Aug 26, 2001

Listing Removed

—

Aug 14, 2001

Listed

$360,000

$85/sq ft

CRMLS #991005292

Jul 18, 1999

Sold

$250,000

$59/sq ft

Mar 17, 1999

Listed

$249,000

$59/sq ft

Public Records

May 6, 1999

Sold

$250,000

$59/sq ft

Public Records

May 22, 1990

Sold

$265,000

$62/sq ft

Public Records

Jul 19, 1985

Sold

$171,000

$40/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$14,323 (+2.4%)

$424,483 + $932,801

$1,357,284

2024

$13,983 (+3.2%)

$416,160 + $914,511

$1,330,671

2023

$13,554 (+102.8%)

$408,000 + $896,580

$1,304,580

2022

$6,682 (+3.5%)

$400,000 + $879,000

$1,279,000

2021

$6,457 (−0.8%)

$193,162 + $422,544

$615,706

2020

$6,507 (+2.0%)

$189,375 + $414,259

$603,634

2019

$6,378 (+1.5%)

$187,434 + $410,012

$597,446

2018

$6,281 (+2.0%)

$183,759 + $401,973

$585,732

2017

$6,157 (+2.6%)

$176,624 + $386,365

$562,989

2016

$6,001 (+1.6%)

$176,624 + $386,365

$562,989

2015

$5,906 (+1.9%)

$173,161 + $378,790

$551,951

2014

$5,795 (+1.1%)

$167,219 + $365,793

$533,012

2013

$5,733 (+1.0%)

$167,219 + $365,793

$533,012

2012

$5,678 (−34.6%)

$166,464 + $364,140

$530,604

2011

$8,676 (+1.9%)

$163,200 + $357,000

$520,200

2010

$8,518 (+1.0%)

$399,998 + $399,998

$799,996

2009

$8,431 (+1.8%)

$397,009 + $397,009

$794,018

2008

$8,279

$397,953 + $397,953

$795,906

Tax history for 721 E Elder St

Year

Property tax

Land + Additions

Assessment*

2025

$14,323 (+2.4%)

$424,483 + $932,801

$1,357,284

2024

$13,983 (+3.2%)

$416,160 + $914,511

$1,330,671

2023

$13,554 (+102.8%)

$408,000 + $896,580

$1,304,580

2022

$6,682 (+3.5%)

$400,000 + $879,000

$1,279,000

2021

$6,457 (−0.8%)

$193,162 + $422,544

$615,706

2020

$6,507 (+2.0%)

$189,375 + $414,259

$603,634

2019

$6,378 (+1.5%)

$187,434 + $410,012

$597,446

2018

$6,281 (+2.0%)

$183,759 + $401,973

$585,732

2017

$6,157 (+2.6%)

$176,624 + $386,365

$562,989

2016

$6,001 (+1.6%)

$176,624 + $386,365

$562,989

2015

$5,906 (+1.9%)

$173,161 + $378,790

$551,951

2014

$5,795 (+1.1%)

$167,219 + $365,793

$533,012

2013

$5,733 (+1.0%)

$167,219 + $365,793

$533,012

2012

$5,678 (−34.6%)

$166,464 + $364,140

$530,604

2011

$8,676 (+1.9%)

$163,200 + $357,000

$520,200

2010

$8,518 (+1.0%)

$399,998 + $399,998

$799,996

2009

$8,431 (+1.8%)

$397,009 + $397,009

$794,018

2008

$8,279

$397,953 + $397,953

$795,906

*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

8,712 Sq. Ft.

Year renovated

1965

Sq. Ft.

4,256

Year built

1965

Style

Multi-Family (2-4 Unit)

County

San Diego County

APN

1053413900

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 20, 2026.

Property details

Parking

Parking / Garage Information
Uncovered Spaces: 2
# of Carport Spaces: 4
Assigned, Carport, Off Street, Street
# of Parking Spaces: 6

Interior

Laundry Information
Has Laundry
Area, Individual Room

Kitchen Information
Appliances: Free Standing Range, Garbage Disposal, Gas Range, Microwave, Refrigerator, Vented Exhaust Fan, Water Heater Central
Has Appliances

Room Information
Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom

Flooring Information
Laminated, Vinyl

Heating Information
Natural Gas, Wall Heater
Has Heating

Interior Features
Panel Doors, Sliding Glass Door(s)
Balcony, Ceiling Fan, Formica Counters, Open Floor Plan, Pantry, Recessed Lighting, Tile Counters, Unfurnished
Levels: Two
Security Features: Carbon Monoxide Detector(s), Security Lights, Smoke Detector
Window Features: Screens, Triple Pane Windows

Unit Type 1 Information
Unit Key Numeric: 11351463
Listing Key Numeric: 369444161
Actual Rent: $1,450
Total # of Baths: 2
# of Baths Full: 1
# of Baths Three Quarter: 1
Total # of Beds: 3
Furnished: Unfurnished
Total Rent: $1,450
Total # of Units: 1

Unit Type 2 Information
Unit Key Numeric: 11351464
Listing Key Numeric: 369444161
Actual Rent: $1,450
Total # of Baths: 2
# of Baths Full: 1
# of Baths Three Quarter: 1
Furnished: Unfurnished
Total # of Beds: 3
Total Rent: $1,450
Total # of Units: 1

Unit Type 3 Information
Listing Key Numeric: 369444161
Unit Key Numeric: 11351465
Actual Rent: $1,450
Total # of Baths: 2
# of Baths Full: 1
# of Baths Half: 1
Total # of Beds: 3
Furnished: Unfurnished
Total Rent: $1,450
Total # of Units: 1

Unit Type 4 Information
Listing Key Numeric: 369444161
Unit Key Numeric: 11351466
Actual Rent: $1,450
Total # of Baths: 2
# of Baths Full: 1
# of Baths Half: 1
Total # of Beds: 3
Furnished: Unfurnished
Total Rent: $1,450
Total # of Units: 1

Expenses
Fuel Expense: $1,800
Trash: $2,100
Total: $15,743
Pest Control: $480
Maintenance: $1,200
Licenses: $169
Insurance: $2,062
Water Sewer: $7,200
Electric: $300
Gardener: $1,080

Multi-Unit Information
# of Units With Refrigerator: 4
# of Units With Range: 4
# of Units With Patio: 4
# of Units With Disposal: 4
Net Operating Income: $53,665
Average 3 Bed Area Units: Sq. Ft.
Average 3 Bed Area: 1,064
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 4,256
Gross Scheduled Income: $72,300
Gross Operating Income: $69,408
Gross Income: $2,700
Laundry Equipment Own or Lease: Lease
Laundry Income: $2,700
# Of Leased Units: 4
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 5
# Of Separate Electric Meters: 5
# Of Buildings: 1
Vacancy Allowance Rate: 4
Vacancy Allowance: 2892

Exterior

Exterior Information
Roof: Asphalt, Flat Roof, Tar/Gravel
Fencing: Chain Link, Excellent Condition, Wrought Iron
Has Fence
Construction Materials: Frame, Stucco, Wood

Foundation Information
Foundation Details: Concrete Slab

Exterior Features
Lighting, Rain Gutters
Pool Features: None

Green Property Infomration
Energy Efficient: Windows

Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: 16-20 Units/Acre, Utilities - Overhead

Property Information
Total # of Units: 4
Accessibility Features: 2+ Access Exits
Common Walls: 2+ common walls
Parcel Number: 1053413900
Attached Property
Property Condition: Updated/Remodeled
Total # of Stories: 2
Year Built Source: Assessor

Financial

Assesments Information
Assessments: Special Assessments

Lease / Rental Details
Operating Expense: $15,743
Other Expense: $552
Other Expense Description: Laundry
Rent Control
Tenant Pays: Cable TV, Electricity, Gas, Phone
Total Actual Rent: $5,800

Utilities

Utilities Information
Electric: Electricity - On Property
Sewer: Public Sewer
Cable Available, Electricity Connected, Natural Gas Connected, Telephone - In Street, Sewer Connected, Water Connected
Water Source: District/Public

Location

Neighborhood Information
Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lighting, Suburban

Location Information
Latitude: 33.37986900
Longitude: -117.24331400
Other Subdivision Name: Fallbrook
Directions: 15 FWY exit Mission (west) to Brandon (left) to Elder (left)
Road Frontage Type: Alley Access, Access via City Streets
Road Surface Type: Alley Paved, Paved
Subdivision Name: Fallbrook
Zoning: C31

Public facts

Beds: 8
Baths: 6.0
Sq. Ft.: 4,256
Stories: —
Lot Size: 8,712 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1965
Year Renovated: 1965
County: San Diego County
APN: 1053413900

Home facts updated by county records on Aug 20, 2026

Other

Miscellaneous Information
Exclusions: Tenant possessions

Listing Information
IDX Contact Info: 714-225-1725
Days Active in MLS: 10
Continuous Days Active in MLS: 10

Listing Agent Information
List Agent First Name: Jill
List Agent Last Name: Hollon

Listing Office Information
List Office Name: Aramis Realty Group Inc.

Selling Agent Information
Buyer Agent First Name: Sue
Buyer Agent Last Name: Na

Selling Office Information
Buyer Office Name: Keller Williams Realty

Around this home

Schools

La Paloma Elementary School

Public K-6 • Assigned • 0.5mi

9/10

James E. Potter Intermediate School

Public 7-8 • Assigned • 1.5mi

5/10

Fallbrook High School

Public 9-12 • Assigned • 2.1mi

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

12% 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)

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

$1.31M – $1.58M

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Home values near 721 E Elder St

Data from public records.

Address	Redfin Estimate
713 E Elder Street, Fallbrook, CA 9 Beds \| 8 Baths \| 5056 Sq. Ft.	—
736 E Elder Street, Fallbrook, CA 3 Beds \| 2 Baths \| 1076 Sq. Ft.	$647,039

Address	Redfin Estimate
725 E Elder Street, Fallbrook, CA 10 Beds \| 6 Baths \| 4200 Sq. Ft.	$1,365,447
732 E Elder Street, Fallbrook, CA 3 Beds \| 2 Baths \| 1076 Sq. Ft.	$670,508

Address	Redfin Estimate
729 E Elder Street, Fallbrook, CA 10 Beds \| 4 Baths \| 4256 Sq. Ft.	$1,355,232
724 E Elder Street, Fallbrook, CA 3 Beds \| 2 Baths \| 1076 Sq. Ft.	$706,169

Property information provided by CRMLS when last listed in 2022. 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 721 E Elder St

Tax history for 721 E Elder St

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 721 E Elder St

More real estate resources