401 W Clemmens Lane
Fallbrook, CA 92028
MLS #CV17006071

Income
  • 21units
  • 12,804sq ft
$2,800,000
Est. P&I payment: $10694.1/mo
401 W Clemmens Lane, Fallbrook, CA 92028
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Description for 401 W Clemmens Lane, Fallbrook, CA 92028
Great apartment building located in good area of Fallbrook with plenty of future for great returns, 21 units 16 1 bedroom units 1 bath and 5 2 bedroom units 1 bath Please do not disturb tenants call listing agent for information. Property has Laundry room which also brings in an average income of $600 a month. All Units have ceramic tile floors and are in good condition
MLS #CV17006071
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My Notes for MLS #CV17006071

General Features

  • Number Of Buildings: 3
  • Number Of Units Total: 21
  • Year Built: 1964
  • Year Built Source: Assessor
  • Zoning: R4
  • Elevation Units: Feet

Exterior Features

  • Construction Materials: Stucco
  • Lot Features: 21-25 Units/Acre,​Lot 20000-39999 Sqft
  • Lot Size SqFt: 32,670
  • Lot Size Units: Square Feet
  • Pool Features: Community Pool,​In Ground,​Fenced,​Gunite,​Permits
  • Window Features: Double Pane Windows
  • Common Walls: 2+ Common Walls
  • Property Attached YN: 1

Interior Features

  • Levels: Two
  • Average 1Bed Area: 550
  • Average 1Bed Area Units: Square Feet
  • Average 2Bed Area: 800
  • Average 2Bed Area Units: Square Feet
  • Average 3Bed Area Units: Square Feet

Utility Features

  • Cooling YN: 1
  • Cooling: Wall Window
  • Heating YN: 1
  • Heating: Wall Heater
  • Laundry YN: 1
  • Laundry Equipment Own Lease: Own
  • Laundry Features: Community
  • Utilities: Cable Available
  • Water Source: Public
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Sewer: Sewer Paid
  • Appliances YN: 1
  • Appliances: Gas Stove,​Refrigerator
  • Number Of Separate Electric Meters: 22
  • Number Of Separate Gas Meters: 22
  • Number Of Separate Water Meters: 1

Financial Features

  • Electric Expense: 14,262
  • Gross Scheduled Income: 240,600
  • Insurance Expense: 3,600
  • Laundry Income: 600
  • Maintenance Expense: 2,000
  • Net Operating Income: 95,189
  • Operating Expense: 133,411
  • Other Expense: 35,000
  • Price Per SqFt: 218.68
  • Professional Management Expense: 18,000
  • Supplies Expense: 2,000
  • Total Expenses: 142,872
  • Trash Expense: 3,480
  • Vacancy Allowance: 12,000
  • Vacancy Allowance Rate: 5
  • Water Sewer Expense: 23,370
  • Gross Equity: 2,100,000
  • Present Loans: 700,000
  • Tax Lot: 104
  • Furniture Replacement Expense: 2,000
  • Gross Income: 240,600
  • Gross Operating Income: 228,600
  • Licenses Expense: 200
  • New Taxes Expense: 35,000
  • Pest Control Expense: 600
  • Pool Expense: 2,160
  • Tenant Pays: Cable TV,​Electricity,​Gas

Community Features

  • Community Features: Street Lighting,​Suburban

Miscellaneous Features

  • Building Area Total: 12,804
  • Building Area Units: Square Feet
  • Days On Market: 350
  • Lot Size Source: Assessor
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 350
  • Tax Census Tract: 189.06
  • Tax Tract Number: 189.04

Location

 
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Listing information for 401 W Clemmens Lane, Fallbrook, CA 92028 was graciously provided by our friends at the listing brokerage, VILLAGE REALTORS and by listing agent GUTIERREZ JOSE DRE# 00541345

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P&I Payment $10694.1
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 01/17/2018 at 8:09pm
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