1340 E Fallbrook Street, Fallbrook, California 92028, Fallbrook, 92028 - 3 bed, 2 bath
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Fallbrook, California 92028
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $749,999—positioned above the $733,035 Fair Market Value. While the property lacks immediate equity, its 10,454 sqft lot and 2,130 sqft of living space provide significant upside for value-add renovations. Given its Condition Rating of 4, the home requires modernization to meet contemporary standards. The expansive lot offers excellent potential for an ADU, making this a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term wealth through targeted interior improvements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1340 E Fallbrook Street Subject | $749,999* List Price | 3 | 2 | 2,130 | $344 | - |
A 1061 Ridge Heights Sold | $779,000 | 3 | 2 | 1,992 | $391 | 0.5 mi |
B 946 Woodcreek Road Sold | $684,000 | 3 | 2 | 1,537 | $445 | 0.4 mi |
C 776 Oak Glade Sold | $940,000 | 3 | 3 | 2,501 | $376 | 0.8 mi |
D 1181 Gearald Way Sold | $749,000 | 3 | 2 | 1,728 | $433 | 0.3 mi |
E 1057 Ridge Heights Sold | $875,000 | 3 | 3 | 2,712 | $323 | 0.5 mi |
F 903 Crescent Bend Active Under Contract | $660,000 List Price | 3 | 2 | 1,656 | $399 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1966 (60 years old) and the listing description lacks any mention of recent renovations to the kitchen, bathrooms, or major systems like HVAC and electrical. Given the age and the focus on lot size rather than interior condition, the home is likely dated and requires modernization and minor repairs to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10454, living area = 2130.
The property boasts a generous 10,454 sqft lot, providing ample space for outdoor recreation, gardening, or the potential addition of an ADU for multi-generational living.
Situated in the heart of Fallbrook, the home offers excellent walkability and proximity to local shopping, dining, and schools, capturing the highly desirable small-town charm.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10454, other record lot size in square feet = 10624.
Built in 1966, the property likely requires modernization of its original systems and aesthetic finishes to meet the expectations of contemporary buyers.
The listing indicates no specific views, which may be a disadvantage in a market like Fallbrook where hillside or panoramic vistas are often a key selling point.
In the heart of charming Fallbrook, this property offers a unique opportunity to enjoy the peaceful lifestyle. This home is conveniently situated near local shopping, dining, and schools. It will give you a small-town atmosphere you will fall in love with. Also, with this huge lot size you will have plenty of room for your entire family, even the in-laws!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 31% |
| Square foot | 2,130 | 2,341 | 39% |
| Lot Size | 10,454 | 24,829.199 | 39% |
| Price | $750.0K | $910.0K | 22% |
| Price per sq ft | $352 | $418 | 18% |
| Built year | 1966 | 1992 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 142 | 9% |
May 11, 2026
$749,999
Initial Listing
Feb 12, 2015
$397,000
Public Record
Jan 9, 2013
$325,000
Public Record
Sep 26, 2012
$194,000
Public Record
Feb 7, 2006
$495,000
Public Record