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$9,060,000
260022912SD MLS Active Status
The offering presents an opportunity to acquire a 54- unit senior multifamily portfolio comprised of two adjacent properties, Kalmia Courtyard and De Luz Apartments, in Fallbrook, California. Properties must be purchased together. The portfolio offers predictable rent growth through rents tied to Area Median Income (AMI) rather than market rents. Constructed in 1988 and 1997, the properties also offer newer construction, potentially reducing maintenance and long-term capital expenditures. Due to the recorded Regulatory Agreement, the portfolio qualifies for Low-Income Housing property tax abatement. Seller to convey 501(c)3 nonprofit entity to assist buyer with structure. The adjacent properties can be operated separately or together, providing operational efficiencies while maintaining separate income streams and flexibility to sell the proper ties individually in the future. Located within walking distance of Downtown Fallbrook, residents benefit from convenient access to locally owned shops, restaurants, boutiques, galleries, and everyday services in a charming small-town setting. Included 2 properties and 4 parcels - 234 W Kalmia Street & 420 N. Pico Ave, Fallbrook, CA 92028. APN: 103-131-06, 07 & 08 and 103-131-01-00

234 W Kalmia, Fallbrook

$2,500,000
260022449SD MLS Active Status
Over a 7% pro forma cap rate, seven fully occupied residential units, and a warehouse facility position this 8.19-acre Bonsall property as a compelling income-producing investment in North San Diego County. Approximately 6,436 square feet of residential space with 14 bedrooms, 11 bathrooms, and established tenancy provide immediate cash flow from a diversified mix of rentals. At the center of the property, the approximately 100-year-old Rockhouse brings historic character rarely associated with a multifamily asset. Units E and F were upgraded in 2024, while mature trees and gently sloping terrain create separation between residences. A private well adds valuable infrastructure and helps support the extensive grounds. Investors benefit from a single-parcel acquisition with multiple revenue sources, substantial acreage, no HOA, and no Mello-Roos. Convenient proximity to Fallbrook, Highway 76, I-15, Oceanside, and employment centers throughout the region supports continued tenant demand. The combination of current occupancy, attractive projected returns, land ownership, and improvement potential creates a distinctive opportunity for investors seeking yield and long-term value in the Southern California market.

5710 Olive Hill Road, Bonsall

$10,100,000
260021351SD MLS Active Status
The Woodlawn Apartments is a 40-unit apartment community located in Central Escondido, North County San Diego. Built in 1974, the unit mix consists of forty (40) 1Bdrm/1Bath units with spacious floor plans averaging 700SF. There is ample onsite parking (70 spaces), central air-conditioning, Amazon-Hub Lockers and an onsite laundry facility. The property benefits from its central location; walkability boasting a WalkScore of 78, it is situated just a couple of blocks from shops, dining and entertainment along Grand Ave and Valley Pkwy. This represents an opportunity to acquire an extremely well-maintained asset with strong in-place rents and additional upside in one of Southern California's best rental markets.

330 N Juniper Street, Escondido

$10,200,000
260018174SD MLS Active Status
We are pleased to present Villa Park, a 37-unit multifamily community located at 345 E. Park Avenue in Escondido, California. Built in 1977, the two-story property features an attractive unit mix comprised entirely of two-bedroom, one-bathroom apartment homes, offering residents spacious layouts within an established residential setting. Villa Park provides a comfortable living environment enhanced by a variety of desirable community amenities. Residents enjoy private balconies, convenient off-street parking, laundry facilities and a private pool area. Situated in the heart of Escondido, the property benefits from proximity to downtown amenities, local retail, dining destinations, schools, parks, and major transportation corridors. Its central location provides residents with convenient access to employment centers throughout North County while maintaining the neighborhood feel that continues to attract renters to the area. Villa Park represents the opportunity to acquire a sizeable and stabilized multifamily asset in a growing Southern California submarket. The property's combination of functional apartment layouts, resident-focused amenities, and accessible location positions it to benefit from continued tenant demand.

345 E Park Avenue, Escondido

$1,500,000
260002831SD MLS Active Status
Prime Escondido commercial asset located along the highly trafficked E Valley Parkway corridor, offering strong street exposure and long-term upside. The property features an approximately 2,400 SF single-story commercial building on a 7,668 SF lot, configured into three ±800 SF units, each with independent front and rear access for flexible use. Zoned C-6 (Commercial), the site allows for a wide range of permitted retail, professional, and service-oriented uses (buyer to verify). The central Escondido location benefits from consistent daily traffic and visibility, appealing to both owner-users and investors. The property also offers future redevelopment or mixed-use potential, subject to City of Escondido approval, providing income today with optional long-term value creation. Buyer to independently verify all information including zoning, square footage, permitted uses, and development potential. Prime Escondido commercial asset located along the highly trafficked E Valley Parkway corridor, offering strong street exposure and long-term upside. The property features an approximately 2,400 SF single-story commercial building on a 7,668 SF lot, configured into three ±800 SF units, each with independent front and rear access for flexible use. Zoned C-6 (Commercial), the site allows for a wide range of permitted retail, professional, and service-oriented uses (buyer to verify). The central Escondido location benefits from consistent daily traffic and visibility, appealing to both owner-users and investors. The property also offers future redevelopment or mixed-use potential, subject to City of Escondido approval, providing income today with optional long-term value creation. Buyer to independently verify all information including zoning, square footage, permitted uses, and development potential.

1025 E Valley Pkwy, Escondido

$8,300,000
250036922SD MLS Active Status
BACK ON MARKET! PRICE REDUCED!! Prime multifamily investment opportunity in Vista, walking distance to Downtown Vista Village. Extensively renovated - approx. $1 Million in CapEx upgrades. Large lot and extra-large units with downstairs enclosed patios and upstairs balconies. Potential to add additional ADUs! Upgrades include: • New kitchens - quartz counters, new cabinets/sinks/fixtures, stainless steel appliances • New baths - new cabinets/sinks/fixtures, refinished bath/shower stalls • New windows, new LVP flooring, wall-unit ACs • Automatic garage doors, roof upgrades, new paint, fenced-in patios, and washer/dryers in select units Do not disturb tenants. Contact broker for showings and more info.

628 W California Ave, Vista

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.