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Sold on 02/14/2024

305 W Clemmens Ln, Fallbrook, CA 92028

  • $5,852,000

    Last sold 02/14/2024 after 932 Days

  • 6

    bed

  • 3

    bath

  • 18,840

    Sqft ($311/Sqft)

Multi-family not for sale
Movoto is helping 43 homebuyers near you

About 305 W Clemmens Ln

Property type Multi-family
HOA fee $0/month
Property description
- Classic value-add opportunity– being sold by original developer from 1986 (35+ year ownership) - 70% Seller financing @ 5% I.O. for 5 years for qualified buyers - 80% +/- upside in rents post renovation - Primarily 2BR Units (2 – 1BR/1BA, 18 – 2BR/1BA and 2 – 3BR/1BA) - Newer roof - Individual hot water heaters – more efficient operations - Balconies with views for both 3BR units - Upscale city park / playground across the street Clemmens Lane County Park
Listed by
Listing Agent - Corey McHenry
Listing Agent Contact: 619-994-8896
Listing Office - David Santistevan
Source: San Diego MLS mls logo
MLS#230023941 • last updated 2 years ago
Movoto checked San Diego MLS for data 14 minutes ago
Overview
Levels/Style 2 Story, 2
MLS # 230023941
Type Residential Income
Status SOLD
SubType Com-Res Income
Living Area 18840
Interior
Total # of Bathrooms 3
Total # of Bedrooms 6
Exterior
Parking Spaces
Multifamily Details
Total # of Buildings 2
Total # of Units 22
We are not permitted to show value estimates for this property.
  • Feb 2024
    mls logo MLS # 230023941
  • Feb 21, 2024 Sold
    $5,852,000
  • Dec 11, 2023 Listed
    $5,852,000 (+867.3%)
  • Feb 2024
    Public Records
  • Feb 13, 2024 Sold
    $5,852,000
  • Nov 2001
    Public Records
  • Nov 16, 2001 Sold
    $605,000
  • Year Property taxes Tax assessment
  • 2024
    $16,840 +3.2%
    $1,561,632 +2.0%
  • 2023
    $16,315
    $1,531,013
  • 2022
    $16,318 +2.8%
    $1,531,013 +4.04%
  • 2021
    $15,879 -1.2%
    $1,471,565 +1.04%
  • 2020
    $16,067
    $1,456,477
  • 305 W Clemmens Ln
    $5.85M
  • —
  • 92028
    $879K 0% y/y
  • Fallbrook
    $879K 0% y/y
No chart available
Statistics calculated by Movoto

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6/10
Fallbrook High School
public Grades 9-12
Fallbrook Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • 305 W Clemmens Ln
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