331 S Main Ave, Fallbrook, CA 92028
OFF MARKET
Listed by Cody Evans, South Coast Commercial Inc., (858) 729-3094 . Bought with eXp Realty of California, Inc.

$1,538,400

Trulia Estimate
  • 11 Beds
  • 8 Baths
  • 2,582 sqft

331 S Main Ave, Fallbrook, CA 92028

Est. Refi. Payment $9,730/mo*
Refinance Your Home
Currently Off Market - Sold Nov 21, 2024 for $1,500,000

Home Value

Trulia Estimate
$1.54M
Since last month
Decreased$22K (-1.4%)
Since last year
Increased$64K (+4.4%)
Since last sale
Increased$37K (+2.4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value decreased by -9% in the last 10 years
MonthEstimated value
2026
August 2026$1.54M
August 2026$1.53M
July 2026$1.56M
June 2026$1.52M
May 2026$1.47M
April 2026$1.5M
March 2026$1.5M
February 2026$1.48M
January 2026$1.5M
2025
2024

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
535 W Fig St, Fallbrook, CA
0.31
Single-Family Home
$760,000
09/16/25
3
3
1,785
127 E College St, Fallbrook, CA
0.09
Single-Family Home
$710,000
11/18/25
3
1.5
1,119
435 W Hawthorne St, Fallbrook, CA
0.32
Single-Family Home
$770,000
11/21/25
3
1.5
1,674
503 Potter St, Fallbrook, CA
0.50
Single-Family Home
$715,000
12/19/25
4
3
1,641
1032 Felicidad Dr, Fallbrook, CA
0.81
Single-Family Home
$850,000
08/03/26
5
3
2,585
522 S Pico Ave, Fallbrook, CA
0.12
Single-Family Home
$634,000
04/29/26
3
1
1,206
540 Teran Dr, Fallbrook, CA
0.41
Single-Family Home
$740,000
03/27/26
3
2
1,511
214 Summit Ave, Fallbrook, CA
0.30
Single-Family Home
$625,000
04/17/26
3
2
1,125
275 Royal Glen Dr, Fallbrook, CA
0.62
Single-Family Home
$750,000
04/23/26
4
3
1,962
508 Village View Pl, Fallbrook, CA
0.44
Single-Family Home
$739,000
02/18/26
3
2
1,676

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
127 E College St, Fallbrook, CA 92028
0.09
$710,000
3
1.5
1,119
Recently Sold
210 S Vine St, Fallbrook, CA 92028
0.13
$1,150,000
5
3
2,618
For Sale
129 S Vine St, Fallbrook, CA 92028
0.14
$671,600
3
2
1,100
Off Market
522 S Pico Ave, Fallbrook, CA 92028
0.12
$634,000
3
1
1,206
Recently Sold
302 E College St, Fallbrook, CA 92028
0.14
$732,900
3
2
1,532
Off Market
130 E Alvarado St, Fallbrook, CA 92028
0.20
$1,027,700
Studio
-
2,890
Off Market
210 S Orange Ave, Fallbrook, CA 92028
0.18
$645,000
3
2
1,766
Recently Sold
206 S Wisconsin St, Fallbrook, CA 92028
0.24
$774,200
4
3
1,548
Off Market
132 N Mission Rd, Fallbrook, CA 92028
0.24
$587,000
3
2
1,264
Off Market
323-327 W Hawthorne St, Fallbrook, CA 92028
0.28
$1,335,600
5
4
2,553
Off Market
Olive Hill Rd #20, Fallbrook, CA 92028
0.22
$4,660,000
-
-
-
For Sale

Local Information

  • Map ViewExplore the area around 331 S Main Ave.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1920
2,582 sqft
$596/sqft

About this House

331 S Main Ave is an apartment complex located in the heart of Fallbrook. The property consists of 5 permitted units and 3 additional bootleg rentals, for a total of 8. There are 5 two-bedroom anjavascript:void(0);d one-bath units, 2 studios, and 1 one-bedroom one bath unit. In 2023, the units were significantly renovated inside and out. For the exterior the ownership put on new roofs, siding, dual pane windows, fencing, paint, artifcial turf, and drought-tolerant landscaping. Interior there are new kitchen cabinets, counter tops, flooring, paint, sinks, and vanities. Based on in place income of approx. $14,000 a month this turn-key investment offers it all, cash flow without any heavy repositioning.
331 S Main Ave, Fallbrook, CA 92028 is a 11 bedroom, 8 bathroom, 2,582 sqft single-family home built in 1920. It last sold for $1,500,000 on Nov 21, 2024 (6% below the $1,599,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $1,538,400, with a rent estimate of $2,816/month.

Home Details for 331 S Main Ave

Interior Features

Interior Details
Number of Rooms: 4Types of Rooms: Master Bedroom, Master Bathroom, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 11Number of Bathrooms: 8Number of Bathrooms (full): 8
Dimensions and Layout
Living Area: 2582 Square Feet
Appliances & Utilities
Laundry: None
Heating & Cooling
Has CoolingAir Conditioning: Wall/Window Unit(s)No Heating
Fireplace & Spa
Fireplace: NoneNo FireplaceNo Spa
Windows, Doors, Floors & Walls
Common Walls: 1 Common Wall
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 2Levels: OneEntry Location: Front Door
View
Has a ViewView: Hills

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
No Garage
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 1920
Property Type / Style
Property Type: ResidentialProperty Subtype: Mixed Use
Building
Attached To Another Structure
Property Information
Parcel Number: 1040521400

Price & Status

Price
List Price: $1,599,000
Status Change & Dates
Off Market Date: Tue Nov 12 2024

Active Status

MLS Status: Closed

Media

Location

Direction & Address
City: Fallbrook
School Information
High School District: Fallbrook Union

Community

Community Features: Curbs, Gutter(s), SidewalksNot Senior CommunityUnits in Building: 8

HOA

Association for this Listing: California Regional MLS (North San Diego County & Pacific Southwest AORs)

Lot Information

Lot Area: 8798 sqft

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Cash to New Loan, 1031 Exchange

Miscellaneous

Mls Number: PTP2406337Living Area Range Units: Square FeetUniversal Property Id: US-06073-N-1040521400-R-N

Additional Information

CurbsGutter(s)Sidewalks

Price and Tax history

DateEventPrice
Nov 21, 2024
Source: CRMLS #PTP2406337
Sold
$1,500,000
Aug 26, 2024
Source: SDMLS #240013970
PriceChange
$1,599,999
Price decreased by 3%
Jun 18, 2024
Source: SDMLS #240013970
Listed For Sale
$1,650,000
Apr 7, 2023
Source: SDMLS #220027303
Sold
$875,000

Market trends in Fallbrook

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$840K
$45KMoM
Sale-to-List Price
100.0%
0.4%MoM
Price per sq ft
$426
$2MoM
Available listings
244
7MoM

Around this home

What Locals Say about Fallbrook

At least 232 Trulia users voted on each feature.

  • 83 % Say car is needed

  • 81 % Say it's dog friendly

  • 79 % Say parking is easy

  • 77 % Say there's holiday spirit

  • 73 % Say yards are well-kept

  • 67 % Say it's quiet

  • 63 % Say there's wildlife

  • 59 % Say neighbors are friendly

  • 58 % Say people would walk alone at night

  • 54 % Say they plan to stay for at least 5 years

  • 53 % Say kids play outside

  • 46 % Say there are sidewalks

  • 43 % Say it's walkable to grocery stores

  • 41 % Say it's walkable to restaurants

  • 39 % Say there are community events

  • 33 % Say streets are well-lit

Sourced by Trulia users. Learn more about our methodology.
  • 8d4sbsmkv2
    "The Avacado Festival is an event that makes our neighborhood special because we gather to buy different things such as food, clothes, walk in family, and hang out and meet new people."
    0
    Flag
  • Fallbrookusa
    "Church’s, Avocado festival. Christmas Parade, small town feel with good restaurants a town supported by military."
    0
    Flag
  • Sunshine.ecorinne
    "We don’t have many events in my neighborhood but everyone is very kind. Then neighborhood is very relaxed and Fallbrook in general is a tight community "
    0
    Flag
  • Richelle Stephens
    "Small town feel without living far from civilization. People are generally nice and are active in the community. Sometimes I wish there was more kid friendly activities but we still find fun. "
    0
    Flag
  • Bren.nunez
    "Friendly neighborhood. Quiet neighborhood. Great place to live as a transition to a house. Condos are quiet. "
    9
    Flag
  • Trulia User
    "Quiet and clean. Feels good to come he to friendly neighbors and love that outdoorsy feel. "
    0
    Flag
  • Daveandmonique
    "Avocado Festival, summer nights, fall hoedown and Christmas Parade are some area specific seasonal events in Fallbrook.events"
    3
    Flag
  • Moy R.
    "Small streets can’t handle amount of cars in the roads every single day of the week. It is very annoying to drive around this town even during the week. "
    0
    Flag
  • Jordis F.
    "Quaint rural community with friendly folk. Fallbrook has unique topography and lots of trees, and nice outdoor activities."
    0
    Flag
  • Eric
    "The commute is longer than where I lived previously but that was a trade off for other things the area had to offer"
    1
    Flag
  • Jordis F.
    "I work remotely but close access to the 15 and 76. About ten minutes to the 15 and 76, and 30 minutes to the 5"
    3
    Flag
  • Harnackeb
    "I’ve lived in this super quiet neighborhood for seven years with an amazing view and amazing friendly neighbors who always look out after another. Great community!"
    7
    Flag
  • Stephanie R.
    "Not a lot of walking areas in my neighborhood but some parks and community areas are available which is nice "
    0
    Flag
  • Rodrigo G.
    "I bought a new house at Horse Creek Ridge last year, and I love it. really nice and save neighborhood with lots of parks, walking trails and an sport park. "
    0
    Flag
  • Jordis F.
    "We have a number of Halloween events that are safe and fun for the kids. We also have other annual events like the Avocado Festival and Art Faire."
    1
    Flag
  • William R.
    "People decorate their homes for holidays. Neighborhood still developing and should bring future events."
    0
    Flag
  • Kristin K.
    "That we are all very friendly and we all help each other out when it is needed. Can’t ask for better neighbors "
    0
    Flag
  • Sonja S.
    "People are very friendly. It’s such a tranquil place to live. Central to everything with a small town feel. Love it "
    0
    Flag
  • Nancy C.
    "I see people walking with their dogs all the time. I see people exercising and going to public events. I like Fallbrook's vibe. "
    5
    Flag
  • Pcrazyfeet
    " I no loner if I did, I would be going north in the morning against traffic, so it would be 15-20 commute"
    0
    Flag
  • B1ack
    "That everyone tries to keep pets safe. If a dog gets out, most try to find the owners. There is also a community app to post information so everyone knows what’s going on around us."
    3
    Flag
  • Pcrazyfeet
    "Very rural. No public transportation. No malls, just a couple of markets. Nice restaurants. No hospital"
    1
    Flag
  • Gonza190
    "Small town. Everyone knows when you fart. Gossip girl kinda town. Schools suck, fact check me on this one. It’s true schools suck look at scores "
    5
    Flag
  • Funkyones
    "Rural area & lots of country to spread out‼️‼️ Nice homes & small town atmosphere👍👍 Lots of GREAT SCHOOLS & Football on Fridays night is the place to be.. Stay in Fallbrook to shop or travel a half an hour on Freeway North or South (City Trip) & find what ur looking for.. "
    1
    Flag
  • Jesus P.
    "Friendly small town. Not topical or California. Lots of vegetation compared to the surrounding cities. Country living feeling, with lots of ranch style homes."
    0
    Flag
  • Tyhawthorne6
    "There’s no yard in the apartments by the gate to get on base so you you have to take your dog somewhere to Poo but it’s a lovely area "
    1
    Flag
  • Kpaintermeyers
    "Convenient to the 15 freeway, short commute to Camp Pendleton. Easy option to take the old hwy 395 when the 15 backs up at commute time. "
    1
    Flag
  • Jolene
    "I moved here 2 years ago and it is my new home. Private and friendly. Family oriented with a lot of community events."
    0
    Flag
  • Brittanygraves10
    "Unsafe, unkept, no local police. Only Sheriff. A lot of unkept areas and a lot of burglaries at homes."
    3
    Flag
  • J
    "It is a great neighborhood, close to parks, and schools. The culture is unique with art shows, and festivals in the summer."
    0
    Flag
  • Fmom411
    "Great small town community near very large metros. Close enough to big box stores but also quaint with everything needed in town. People that love her, LOVE living here so pride in the town is high. Great restaurants! "
    3
    Flag
  • Dawn
    "no off leash areas are a point of contention. no off leash allowed, but some do anyway and create tension. need dog park area for them. "
    0
    Flag

LGBTQ Local Legal Protections

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-09-11 00:47:25 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Frequently asked questions about 331 S Main Ave

  • What is 331 S Main Ave estimated to be worth?
    Trulia's estimated value for 331 S Main Ave in Fallbrook, CA is $1,538,400.
  • What is the price history for 331 S Main Ave?
    331 S Main Ave in Fallbrook, CA last sold for $1,500,000 in November 2024.
  • Is Fallbrook a buyer's or seller's market?
    Fallbrook is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Fallbrook?
    The median sale price in Fallbrook is $840K. That is down $45K from the prior month.
  • Does 331 S Main Ave have air conditioning?
    Yes, 331 S Main Ave in Fallbrook, CA has air conditioning.
  • How big is the lot at 331 S Main Ave?
    The lot at 331 S Main Ave in Fallbrook, CA is about 0.20 acres (8,798 sq ft).

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Apartments for Rent

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Off Market Homes Near 331 S Main Ave

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