3690 Lupine Ln

$879,000

3690 Lupine Ln, Fallbrook, CA 92028
Beautiful, large 2.49 acre gated estate located on corner lot with outstanding, westerly views! Open floor plan, vaulted ceilings with exposed beams, tons of windows to let the light flow through and wrap around deck. First level has 3 beds and 2.5 baths. Downstairs has 1 bedroom, 1 full bath, and 1 bonus room that can be used as a bedroom. Downstairs also includes full kitchen. Laundry room upstairs, and an additional washer/dryer in garage. Perfect for extended family, or renting out the downstairs for extra income! Sprawling acreage allows for plenty of parking, RV, avocado/fruit trees. Horse property with corral already on property. Both units were rented for a total of $4,250.00. Upstairs $2750, downstairs $1500. Property is Zoned Agriculture. Unlimited horses allowed. Up to 28 chickens allowed and turkeys allowed. Sellers raised chickens producing up to 700 eggs per month and sold eggs and turkeys for Thanksgiving. The County will allow you to build a separate single family home up to 1200 square feet with similar architecture style. Parking for large events up to 12 to 15 cars within the gated area and up to 40 more cars, RVs, Boats, Campers or storage outside the gated area. Can plant up to 220 avocado trees, this is an avocado grove up to 2.5+ acres available for avocados, citrus, macadamia nuts, etc. Planting for a nursery. Great event space, property has hosted events up to 80 to 100 people!  Seller recommends building a two unit (duplex), 600 square feet per unit and rent each unit for $1,400 to $1,800 per unit with a total cash flow of $2,800 to $3,600 per month adding to the $1,550 per month for down stairs producing a total rent of $4,350 to $5,150 not including any rent for upstairs for investors. Adding $2,750 for renting upstairs makes the total property potential income of $7,050 to $7,850 per month total potential income. Equipment: Dryer, Range/Oven, Washer Other Fees: 0 Sewer: Sewer Available Topography: RSLP

Features & Amenities

Interior

Total Bedrooms 4
Total Bathrooms 3.5
Full Bathrooms 3
Half Bathrooms 1
Laundry Room Laundry Room, Propane Dryer Hookup
Appliances Barbecue, Double Oven, Refrigerator
Other Interior Features Bedroom on Main Level, Main Level Master

Exterior

Stories 2
Garage Space 3
POOL None
Parking Concrete, Unpaved
Heat type Forced Air, Propane
Air Conditioning None
Substructure Stucco

Area & Lot

Status Pending
LIVING SPACE 3,301 Sq.Ft.
LOT SIZE 2.49 Acres
MLS® ID 210008237
Type RESIDENTIAL
Year Built 1989

Financial

SALES PRICE $879,000

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