Offer Price:

$10,595,000

Price/SF:

$397.84

Cap Rate:

5.75%

NOI:

$609,643

Gross Building Area:

26,631 SF

Lot Size:

1.73 AC

Status:

Active

Submarket:

North County

Property Type:

Apartments

Strategy:

Core

Westfall Village is a newly renovated apartment complex located at 302-324 E Fallbrook St in Fallbrook, CA 92028. With 29 units in total, the property offers a diverse unit mix comprising 4 one-bedroom, 24 two-bedroom, and 1 three-bedroom apartment.

Situated in the heart of Fallbrook, Westfall Village enjoys a convenient location close to essential amenities, including shopping centers, schools, and recreational facilities. Its proximity to major transportation routes offers easy access to neighboring towns and cities, enhancing its appeal for commuters and those looking for convenient travel options.

The renovation project has not only revitalized the appearance of the complex but also upgraded its infrastructure, ensuring that residents benefit from modern amenities and efficient utility systems. From updated kitchens and bathrooms to improved energy efficiency, Westfall Village provides residents with a high-quality living environment that meets the demands of modern lifestyles.

Overall, Westfall Village presents a compelling opportunity for renters seeking well-appointed, renovated apartments in Fall-Brook, CA. With its attractive unit mix, convenient location, and modern amenities, the complex is poised to attract discerning tenants looking for comfort, convenience, and quality in their rental housing experience.

Listed By:

Aaron Bove
Senior Managing Director, Investments
aaron.bove@marcusmillichap.com
(858) 945-7094