4644 La Canada Road, Fallbrook, California 92028, Fallbrook, 92028 - 4 bed, 3 bath
ACTIVE$900,999
4644 La Canada Road, Fallbrook, California 92028
4Beds
3Baths
1,647Sqft
39,204Lot
Price Vs. Estimate
The estimated value ($747,081.99) is $153,917.01 (17%) lower than the list price ($900,999). This property may be overpriced.
Key pros and cons
Top Pros:
Income Generating Potential: The large lot offers significant potential for rental income, with room to add two ADUs (Additional Dwelling Units) projected to generate $5,000/month, plus an estimated $3,000/month from the main house, totaling $8,000/month.
Top Cons:
Extensive Renovation Required: The property explicitly 'needs repairs' and is presented as a project to 'update,' indicating a substantial investment in renovation and modernization will be necessary.
Compared to the nearby listings
Price:$901.0K vs avg $884.0K (+$16,999)52%
Size:1,647 sqft vs avg 2,173 sqft22%
Price/sqft:$547 vs avg $42391%
More Insights
Built in 1954 (71 years old).
Condition: Built in 1954, the property's description explicitly states 'The house needs repairs' and is 'perfect to update to the specifications of your dream home.' The images confirm this, showcasing an extremely dated kitchen with original-style dark wood cabinets, old appliances (including a white refrigerator and basic range), outdated fluorescent panel lighting, and worn tile flooring. Other areas show dated tile and worn carpets, along with wood paneling in the laundry area. There is no evidence of significant recent renovations. The property requires substantial repairs and rehabilitation, including likely major system replacements, to meet modern living standards, aligning with the 'Poor' condition category.
Year Built
1954
Close
-
List price
$901K
Original List price
$1.2M
Price/Sqft
$547
HOA
-
Days on market
-
Sold On
-
MLS number
PT25094153
Home ConditionPoor
Features
Good View: Canyon, Mountain(s)
ViewCanyon, Mountain(s)
About this home
Welcome to 4644 La Canada Rd. Fallbrook! Available for sale. The house needs repairs but it's great for gardening, raising avocados, or turn it into a profit center by building two casitas on the large lot. All bedrooms Down, Bedroom on Main Level, Main Level Master. There's plenty of room to add two 10 X 12 Additional Dwelling Units (ADU) and rent them out for $2,500 per month each and rent the main house for $3,000 to collect rental income of $8k per month. Excellent opportunity to own horses, and grow grapes in Fallbrook. This home is perfect to update to the specifications of your dream home.Fallbrook, renowned for its vibrant community, hosts a variety of events, from the celebrated Avocado Festival to art shows, farmers markets, and live music performances, ensuring a lively and engaging lifestyle. Experience the serene countryside in this exceptional Fallbrook area.
Nearby schools
8/10
Bonsall Elementary School
Public,•K-5•1.5mi
6/10
La Paloma Elementary School
Public,•K-6•4.9mi
4/10
Fallbrook Street Elementary School
Public,•K-6•5.0mi
5/10
Maie Ellis Elementary
Public,•K-6•5.2mi
7/10
Norman L. Sullivan Middle School
Public,•6-8•3.1mi
4/10
James E. Potter Intermediate School
Public,•7-8•4.2mi
5/10
Fallbrook High School
Public,•9-12•3.0mi
5/10
Bonsall High
Public,•9-12•3.1mi
Condition Rating
Poor
Built in 1954, the property's description explicitly states 'The house needs repairs' and is 'perfect to update to the specifications of your dream home.' The images confirm this, showcasing an extremely dated kitchen with original-style dark wood cabinets, old appliances (including a white refrigerator and basic range), outdated fluorescent panel lighting, and worn tile flooring. Other areas show dated tile and worn carpets, along with wood paneling in the laundry area. There is no evidence of significant recent renovations. The property requires substantial repairs and rehabilitation, including likely major system replacements, to meet modern living standards, aligning with the 'Poor' condition category.
Pros & Cons
Pros
Income Generating Potential: The large lot offers significant potential for rental income, with room to add two ADUs (Additional Dwelling Units) projected to generate $5,000/month, plus an estimated $3,000/month from the main house, totaling $8,000/month.
Expansive Lot & Versatile Use: With a substantial lot size of 39,204 sqft, the property is ideal for various agricultural pursuits such as growing avocados and grapes, gardening, or establishing an equestrian setup.
Scenic Views: The property boasts desirable Canyon and Mountain views, enhancing its aesthetic appeal and providing a serene living environment.
Vibrant Community & Serene Location: Located in Fallbrook, known for its lively community events like the Avocado Festival, art shows, and farmers markets, while offering a peaceful countryside setting.
Customization & Value-Add Opportunity: Described as 'perfect to update to the specifications of your dream home,' this property presents a prime opportunity for a buyer to customize and renovate, potentially adding significant value.
Cons
Extensive Renovation Required: The property explicitly 'needs repairs' and is presented as a project to 'update,' indicating a substantial investment in renovation and modernization will be necessary.
Age of Structure: Built in 1954, the home likely features outdated systems, infrastructure, and finishes, which will require significant upgrades to meet modern standards and preferences.
Significant Price Reduction: A substantial price drop from $1.2 million to $900,999 could signal initial overpricing or underlying issues that have made the property challenging to sell, potentially raising concerns about its true market value or condition.