729 E Elder St, Fallbrook, CA 92028
OFF MARKET

729 E Elder St
Fallbrook, CA 92028

  • Studio
  • 4,256 sqft

$1,290,500

Trulia Estimate
as of Jun 25, 2026
Est. Refi. Payment $7,804/mo*
Refinance Your Home

$1,290,500

Trulia Estimate
as of Jun 25, 2026
Est. Refi. Payment $7,804/mo*
Refinance Your Home
Studio
4,256 sqft

Local Information

  • Map ViewExplore the area around 729 E Elder St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

The Elder Street Apartments represent a true value add opportunity in the North San Diego County community of Fallbrook. The opportunity consists of a 4 unit building with the potential to add the adjacent property at 725 E. Elder, for a total of 8 units on 2 separate parcels enabling the investor to lock in 30 year fixed rate debt at historically low rates on each building. Constructed in 1965, 729 E. Elder rests on a slab foundation with stucco and frame construction. The 2 story building has a unit mix consisting of four 3 bedroom 1.5 bath units, with all units over 1050 square feet. The 2 ground level units were completely rehabbed in 2016. Separately metered for gas and electric, the units have long term tenants with a solid payment history. The roof was replaced in 2015 and the boiler in 2016 so major systems are relatively new. All plumbing angle stops have been replaced, all toilets are low flow, and plumbing lines are copper. There is a laundry room with leased equipment providing the residents with onsite convenience plus extra income for the owner. Parking is via carports. Purchase this as a 4 unit investment or combine with 725 E. Elder for an 8 unit asset with no income fluctuation from interest rate uncertainty due to the ability to use 30 year fixed rate debt. Number of Furnished Units: 0
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.

Home Highlights

Parking
No Info
Outdoor
No Info
A/C
Cooling only
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago

Home Details for 729 E Elder St

Property Information

Year Built
Year Built: 1965
Property Type / Style
Property Type: Multi Family

Interior Features

Appliances & Utilities
Cable Ready
Heating & Cooling
Air ConditioningCooling System: Wall

Community

Units in Building: 4

Lot Information

Lot Area: 6928 sqft

Price History for 729 E Elder St

DatePriceEventSource
12/13/2023ListingRemovedZillow Rentals
11/11/2023$2,850Listed For RentZillow Rentals
11/06/2023ListingRemovedSDMLS #210014904
04/19/2023$1,250,000Sold
N/A
03/15/2023$1,275,000PendingCRMLS #NDP2301604
03/04/2023$1,275,000Listed For SaleCRMLS #NDP2301604
11/05/2021$1,200,000Sold
SDMLS #210014904
10/06/2021$1,200,000PendingSDMLS #210014904
06/01/2021$1,200,000Listed For SaleSDMLS #210014904
07/23/2015$610,000Sold
N/A
02/28/1996$165,000Sold
N/A

Market trends in Fallbrook

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$893K
$8.75KMoM
Sale-to-List Price
99.6%
Price per sq ft
$421
$1MoM
Available listings
275
14MoM
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Property Tax and Assessment

Year2025
Tax$13,999
Assessment$1,300,500
Home facts updated by county records

Comparable Sales for 729 E Elder St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
219-21 E Elder St, Fallbrook, CA
0.39
Multi-Family Home
$701,500
10/06/25
4
2
2,079
904-06 S Wisconsin Ave, Fallbrook, CA
0.76
Multi-Family Home
$635,000
05/19/26
7
3
2,099
1423-25 Via Lima, Fallbrook, CA
0.79
Multi-Family Home
$885,100
04/13/26
5
3
2,383
1708 E Mission Rd, Fallbrook, CA
1.10
Multi-Family Home
$862,500
12/30/25
5
4
-
2253-55 Via Dulcea, Fallbrook, CA
4.60
Multi-Family Home
$2,250,000
10/23/25
6
7
5,022

Nearby homes

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Assigned Schools

These are the assigned schools for 729 E Elder St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Fallbrook

At least 231 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

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Homes for sale near 729 E Elder St

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Off Market Homes Near 729 E Elder St

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729 E Elder St, Fallbrook, CA 92028 is a studio, 4,256 sqft multi-family built in 1965. This property is not currently available for sale. 729 E Elder St was last sold on Apr 19, 2023 for $1,250,000. The current Trulia Estimate for 729 E Elder St is $1,290,500.