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Off market apr 2023 for $1.2M

$1,352,047

Est. refi paymentEst. refi $8,534/mo

•

4 ba

•

4,256

sq ft

729 E Elder, Fallbrook, CA 92028

About this home

This desirable fourplex (4 units) is a 2 story building located on the corner of E Elder & Potter St. .. Close to downtown Fallbrook. Two units consist of 3 bedrooms & 1.5 baths, two consist of 2 bedrooms & 1.5 baths, with all units over 1,050sqft. The two ground floor units were remodeled in 2016. Separately metered for gas and electric, the units have long term tenants with a solid payment history. All plumbing angle stops have been replaced in December 2021, all toilets are low flow, and plumbing lines are copper. There is a laundry room with leased equipment providing the residents with onsite convenience plus extra income for the owner. Each unit is assigned a carport plus amble off street parking for residents.

Multi-familyProperty Type

1965Year Built

6,928 sq ftLot Size

$318Est. Price/Sq.Ft.

10 spacesParking

Listed by Kelly Kohler •DRE #01981011 • First Team Real Estate

Bought with Maxwell Brown •DRE #02127395 • CBRE

Redfin checked: 2 minutes ago

•Source:CRMLS #NDP2301604

Redfin Estimate

$1,352,047

$102K since sold in April 2023$24K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 71.1% higher than the average sale price ($790K) of 6 comparable homes.

SOLD JUL 29, 2026
$795,000
A
4 beds3 baths1,924 sq ft
177 Barhaven Ln, Fallbrook, CA 92028
SOLD AUG 3, 2026
$850,000
B
5 beds3 baths2,585 sq ft
1032 Felicidad, Fallbrook, CA 92028
First Team Real Estate
SOLD SEP 24, 2026
$735,000
C
4 beds2.5 baths2,125 sq ft
1211 E Mission Rd, Fallbrook, CA 92028
SOLD DEC 19, 2025
$715,000
D
4 beds3 baths1,641 sq ft
503 Potter, Fallbrook, CA 92028
AAA Realty & Investments
SOLD OCT 2, 2026
$755,000
E
3 beds2 baths2,130 sq ft
1340 E Fallbrook St, Fallbrook, CA 92028
SOLD SEP 9, 2026
$890,000
F
4 beds3 baths2,246 sq ft
842 Porter Way, Fallbrook, CA 92028

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Earn from this home

Sell

$348,666

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

New listings for sale

OPEN SAT, 1PM TO 4PM
$799,000
4 beds2 baths2,074 sq ft
472 E Kalmia St, Fallbrook, CA 92028
COMING SOON
$725,000
3 beds2 baths1,548 sq ft
2018 Pheasant Run, Fallbrook, CA 92028
Onyx Homes
NEW 19 HRS AGO
$795,000
3 beds2.5 baths2,022 sq ft
35552 Asturian Way, Fallbrook, CA 92028
$749,000
1 bed2.5 baths1,200 sq ft
1686 Rice Cyn, Fallbrook, CA 92028
$825,000
3 beds2 baths2,406 sq ft
514 S Live Oak Park, Fallbrook, CA 92028
Acevedo Real Estate Professionals
$840,000
3 beds2.5 baths2,721 sq ft
1883 Fox Bridge Ct, Fallbrook, CA 92028
$1,148,747
4 beds3.5 baths2,900 sq ft
3830 Lake Garden Dr, Fallbrook, CA 92028
Compass
$1,850,000
4 beds3.5 baths3,611 sq ft
991 River Oaks Ln, Fallbrook, CA 92028
$1,265,000
4 beds4.5 baths3,022 sq ft
3144 Alta Verde Dr, Fallbrook, CA 92028
OPEN SAT, 11AM TO 3PM
$1,500,000
5 beds3.5 baths2,996 sq ft
39150 Daily Rd, Fallbrook, CA 92028
First Team Real Estate
See all

Provided by Redfin

Sale history for 729 E Elder

Date

Event

Price

RENTALBEAST #3

Apr 13, 2025

Rental Removed

$3,200

$1/sq ft

Apr 3, 2025

Listed for Rent

$3,200

$1/sq ft

RENTALBEAST #2

Mar 22, 2025

Rental Removed

$3,100

$1/sq ft

Mar 20, 2025

Listed for Rent

$3,100

$1/sq ft

Mar 11, 2025

Rental Removed

$3,100

$1/sq ft

Mar 11, 2025

Listed for Rent

$3,100

$1/sq ft

RENTALBEAST #1

Feb 28, 2025

Rental Removed

$3,100

$1/sq ft

Feb 27, 2025

Listed for Rent

$3,100

$1/sq ft

CRMLS #NDP2301604

Apr 19, 2023

Sold

$1,250,000

$294/sq ft

Mar 15, 2023

Pending

—

Mar 4, 2023

Listed

$1,275,000

$300/sq ft

SDMLS #210014904

Nov 5, 2021

Sold

$1,200,000

$282/sq ft

Oct 6, 2021

Pending

—

Jun 1, 2021

Listed

$1,200,000

$282/sq ft

The Elder Street Apartments represent a true value add opportunity in the North San Diego County community of Fallbrook. The opportunity consists of a 4 unit building enabling the investor to lock in 30 year fixed rate debt at historically low rates. Constructed in 1965, 729 E. Elder rests on a slab foundation with stucco and frame construction. The 2 story building has a unit mix consisting of four 3 bedroom 1.5 bath units, with all units over 1050 square feet. The 2 ground level units were completely rehabbed in 2016. Separately metered for gas and electric, the units have long term tenants with a solid payment history. The roof was replaced in 2015 and the boiler in 2016 so major systems are relatively new. All plumbing angle stops have been replaced, all toilets are low flow, and plumbing lines are copper. There is a laundry room with leased equipment providing the residents with onsite convenience plus extra income for the owner. Parking is via carports. Purchase this as a 4 unit investment with no income fluctuation from interest rate uncertainty due to the ability to use 30 year fixed rate debt.

SDMLS #210014921

Aug 23, 2021

Listing Removed

—

Jun 1, 2021

Listed

$2,400,000

$564/sq ft

Public Records

Jul 23, 2015

Sold

$610,000

$143/sq ft

SDMLS #84030439

Sep 25, 2008

Listing Removed

—

Mar 25, 2008

Listed

$595,000

$140/sq ft

CRMLS #T08047229

Sep 26, 2008

Listing Removed

—

Mar 25, 2008

Listed

$595,000

$140/sq ft

Public Records

Feb 28, 1996

Sold

$165,000

$39/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$13,999 (+2.4%)

$477,543 + $848,966

$1,326,509

2024

$13,667 (+5.3%)

$468,180 + $832,320

$1,300,500

2023

$12,973

$459,000 + $816,000

$1,275,000

2022

$12,979 (+82.0%)

$459,000 + $765,000

$1,224,000

2021

$7,131 (−0.8%)

$450,000 + $750,000

$1,200,000

2020

$7,187 (+2.0%)

$246,069 + $421,053

$667,122

2019

$7,044 (+1.5%)

$243,546 + $416,736

$660,282

2018

$6,937 (+2.0%)

$238,771 + $408,565

$647,336

2017

$6,800 (+2.6%)

$229,500 + $392,700

$622,200

2016

$6,628 (+165.1%)

$229,500 + $392,700

$622,200

2015

$2,500 (+1.9%)

$225,000 + $385,000

$610,000

2014

$2,454 (+1.0%)

$60,976 + $162,615

$223,591

2013

$2,429 (+1.0%)

$60,976 + $162,615

$223,591

2012

$2,406 (+2.3%)

$60,701 + $161,881

$222,582

2011

$2,350 (+1.8%)

$59,511 + $158,707

$218,218

2010

$2,309 (+1.0%)

$58,345 + $155,596

$213,941

2009

$2,285 (+1.8%)

$57,909 + $154,434

$212,343

2008

$2,244

$58,047 + $154,801

$212,848

Tax history for 729 E Elder

Year

Property tax

Land + Additions

Assessment*

2025

$13,999 (+2.4%)

$477,543 + $848,966

$1,326,509

2024

$13,667 (+5.3%)

$468,180 + $832,320

$1,300,500

2023

$12,973

$459,000 + $816,000

$1,275,000

2022

$12,979 (+82.0%)

$459,000 + $765,000

$1,224,000

2021

$7,131 (−0.8%)

$450,000 + $750,000

$1,200,000

2020

$7,187 (+2.0%)

$246,069 + $421,053

$667,122

2019

$7,044 (+1.5%)

$243,546 + $416,736

$660,282

2018

$6,937 (+2.0%)

$238,771 + $408,565

$647,336

2017

$6,800 (+2.6%)

$229,500 + $392,700

$622,200

2016

$6,628 (+165.1%)

$229,500 + $392,700

$622,200

2015

$2,500 (+1.9%)

$225,000 + $385,000

$610,000

2014

$2,454 (+1.0%)

$60,976 + $162,615

$223,591

2013

$2,429 (+1.0%)

$60,976 + $162,615

$223,591

2012

$2,406 (+2.3%)

$60,701 + $161,881

$222,582

2011

$2,350 (+1.8%)

$59,511 + $158,707

$218,218

2010

$2,309 (+1.0%)

$58,345 + $155,596

$213,941

2009

$2,285 (+1.8%)

$57,909 + $154,434

$212,343

2008

$2,244

$58,047 + $154,801

$212,848

*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

1053414100

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 20, 2026.

Property details

Parking

Parking / Garage Information
Uncovered Spaces: 6
# of Carport Spaces: 4
Assigned, Carport Attached
Has Parking
# of Parking Spaces: 10

Interior

Laundry Information
Has Laundry
Community, See Remarks

Cooling Information
Wall Window
Has Cooling

Interior Features
Entry Level: 1
Entry Location: 1

Unit Type 1 Information
Unit Key Numeric: 11663146
Listing Key Numeric: 371043254
Actual Rent: $1,650
Total # of Baths: 1
Total # of Beds: 3
Total Rent: $1,650

Unit Type 2 Information
Unit Key Numeric: 11663147
Listing Key Numeric: 371043254
Actual Rent: $1,650
Total # of Baths: 1
Total # of Beds: 2
Total Rent: $1,650

Unit Type 3 Information
Listing Key Numeric: 371043254
Unit Key Numeric: 11663148
Actual Rent: $1,650
Total # of Baths: 1
Total # of Beds: 3
Total Rent: $1,650

Unit Type 4 Information
Listing Key Numeric: 371043254
Unit Key Numeric: 11663149
Actual Rent: $1,550
Total # of Baths: 1
Total # of Beds: 2
Total Rent: $1,670

Expenses
Fuel Expense: $1,924
Trash: $2,819
Total: $22,236
Insurance: $2,081
Water Sewer: $4,818
Electric: $499
New Taxes: $12,979

Multi-Unit Information
# of Units With Refrigerator: 4
# of Units With Range: 4
Net Operating Income: $57,563
Total Building Area: 4,256
Gross Scheduled Income: $79,800
Gross Income: $79,800
# Of Buildings: 1

Exterior

Exterior Features
Pool Features: None

Lot Information
Lot Size Source: Assessor's Data
Lot Features: Paved

Property Information
Total # of Units: 4
Common Walls: 2+ common walls
Parcel Number: 1053414100
Attached Property
Total # of Stories: 2
Year Built Source: Assessor

Financial

Lease / Rental Details
Operating Expense: $22,236

Utilities

Utilities Information
Water Source: District/Public

Location

Neighborhood Information
Community Features: Sidewalks

Location Information
Latitude: 33.37993500
Longitude: -117.24296200
Directions: Cross Street: Potter & Elder
Zoning: Multi Family Dwellings Generic Any Co...

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: 1053414100

Home facts updated by county records on Aug 20, 2026

Other

Listing Information
Days Active in MLS: 11

Listing Agent Information
List Agent First Name: Kelly
List Agent Last Name: Kohler

Listing Office Information
List Office Name: First Team Real Estate

Selling Agent Information
Buyer Agent First Name: Maxwell
Buyer Agent Last Name: Brown

Selling Office Information
Buyer Office Name: CBRE

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

$1.29M – $1.56M

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Home values near 729 E Elder

Data from public records.

Address	Redfin Estimate
713 East Elder St, Fallbrook, CA 9 Beds \| 8 Baths \| 5056 Sq. Ft.	—
736 East Elder St, Fallbrook, CA 3 Beds \| 2 Baths \| 1076 Sq. Ft.	$647,526

Address	Redfin Estimate
721 East Elder St, Fallbrook, CA 12 Beds \| 7 Baths \| 4256 Sq. Ft.	$1,361,411
301 Shady Glen Dr, Fallbrook, CA 4 Beds \| 2 Baths \| 1207 Sq. Ft.	$639,029

Address	Redfin Estimate
725 East Elder St, Fallbrook, CA 10 Beds \| 6 Baths \| 4200 Sq. Ft.	$1,369,394
341 Shady Glen Dr, Fallbrook, CA 4 Beds \| 2 Baths \| 1900 Sq. Ft.	$724,632

Property information provided by undefined .

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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 729 E Elder

Tax history for 729 E Elder

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 729 E Elder

More real estate resources