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537 De Luz Rd

Fallbrook, CA 92028
  • $1,095,000
  • STATUS: ACTIVE
  • ON SITE: 16 Days
  • ID#: 250020576
UPDATED: 56 min ago
$1,095,000
  • 4
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,735
    SQFT
  • $631
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Description

**3 Units, 5.23% CAP** The Cottages at De Luz are three (3) detached homes on one lot situated on a 7,353sf parcel. The property consists of two (2) 2Bedroom / 1Bathroom units and one (1) Studio. Each unit is an individual cottage featuring in-unit laundry, a large private fenced yard, and off-street parking. This well-maintained and upgraded property is the perfect opportunity for an investor looking for a unique multifamily asset with top of the market rents or an owner-occupant looking for extra income to cover the mortgage.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.coastalhomesbytiffany.com/homes/161127282
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537 De Luz Rd Fallbrook, CA 92028

  • Price: $1,095,000
  • Status: ACTIVE
  • On Site: 16 Days
  • Updated: 56 min ago
  • ID#: 250020576
4
Beds
3
Baths
0
½ Baths
N/A
Acres
1,735
SQFT
$631
$/SQFT
1960
Built
Neighborhood:
Fallbrook
County:
San Diego
Area:
Fallbrook (92028)
Property Description
**3 Units, 5.23% CAP** The Cottages at De Luz are three (3) detached homes on one lot situated on a 7,353sf parcel. The property consists of two (2) 2Bedroom / 1Bathroom units and one (1) Studio. Each unit is an individual cottage featuring in-unit laundry, a large private fenced yard, and off-street parking. This well-maintained and upgraded property is the perfect opportunity for an investor looking for a unique multifamily asset with top of the market rents or an owner-occupant looking for extra income to cover the mortgage.
Exterior Features

Exterior Stucco Fencing Partial Roof CompositionOther/Remarks Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 0

Interior Features

Cooling Wall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Units With Cooling 3 Units With Dishwashers 3 Units With Dryers 3 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 3

Property Features

Actual Cap Rate 5.23 Age Restrictions N/K Annual Expense Actual 21915 Annual Expense Projected 21915 Association ID San Diego Association of REALTORS (SDAR) Buildings 3 Cfd Mello Roos Fee 0.0 Community FALLBROOK Complex Park n/a Cross Streets De Luz Rd & W View St Gross Rent Multiplier Actual 13.41 Gross Rent Multiplier Project 12.76 Gross Scheduled Income Actual 81684 Gross Scheduled Income Project 85800 Mandatory Remarks None Known Market Area North County Monthly Total Fees 0 Net Operating Income Projected 61311 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 5.6 Projected Other Income 0.0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays ElectricityGas/Propane Terms Other/Remarks Unit Number For Unit1 A Unit Number For Unit2 B Unit Number For Unit3 C Unit1 Deposit 2295 Unit1 Occupied Tenant Unit1 Projected Rent 2650.0 Unit1 Rent Actual 2525.0 Unit2 Deposit 2545 Unit2 Occupied Tenant Unit2 Projected Rent 1850.0 Unit2 Rent Actual 1795.0 Unit3 Deposit 2295 Unit3 Occupied Tenant Unit3 Projected Rent 2650 Unit3 Rent Actual 2488.0

San Diego MLS logo Listing provided courtesy of Angelo La Bruna of Apartment Realty Group (ARG): 858-247-1095. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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Tiffany Torgan | Prestige Properties Enterprises
7855 Ivanhoe Ave. Suite 210
La Jolla CA, 92037