
4123 Oak Island
Btop 30%Fallbrook, CA 92028
HOA rules unknown: an HOA can ban stays under 30 days (Civ. Code §4741), and no permit on file shows this one allows them. Get the CC&Rs.
Pass at asking: -$2,085/mo full cashflow at 20% down, 7.43% rate.
Works at $227,680 (54% under asking), or at 81% down.
Rent $3,051/mo from 4 leases of condos & townhomes in 92028, size-adjusted ($2,967–$3,251).
Beds
2
Baths
2
Sqft
1,308
Year Built
1980
Days on Market
127
Property Type
Condo
HOA/mo
$601
MLS ID
260016276SD
This property is in Fallbrook (92028). Browse neighborhood analytics →
About This Property
Turnkey and move-in ready, this beautifully updated 2-bedroom, 2-bathroom condo in the highly sought-after Pala Mesa Villas golf community is the one you've been waiting for. From the moment you step inside, you'll appreciate the thoughtful upgrades, including a stunning kitchen featuring quartz countertops, stainless steel appliances, abundant cabinet and countertop space, engineered hardwood flooring, updated bathrooms, and newer heating and A/C units that add both style and comfort. The open pass-through from the kitchen to the dining area creates a bright, connected living space that's perfect for entertaining. The spacious living and dining room boasts soaring vaulted ceilings, a cozy fireplace, and direct access to a private deck overlooking the 2nd hole of the Pala Mesa Golf Course, an ideal spot to relax and take in the tranquil golf course views. The generous primary suite serves as a peaceful retreat with its own beautifully updated en-suite bathroom, while the second bedroom and updated full bath offer flexibility for guests, a home office, or additional living space. A rare 1.5-car garage provides space for a full-sized vehicle plus a golf cart, workshop, or extra storage. Residents enjoy resort-style amenities, including community pools and a spa, all just minutes from the Pala Mesa Golf Resort, Interstate 15, Highway 76, Temecula wine country, and San Diego's beautiful coastline. Experience the best of Fallbrook living—peaceful, scenic, and conveniently located. Don't miss this exceptional opportunity!
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Est. Monthly Payment
$4,018
Location
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Zoned Schools
Elementary
Live Oak Elementary · grades K-6 · Fallbrook Union Elementary
Middle
James E. Potter Intermediate · grades 7-8 · Fallbrook Union Elementary
High
Fallbrook High · grades 9-12 · Fallbrook Union High
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$3,051
Comp Average
$3,061
4129 Cyprus Island Court
2bd / 2ba · 1,308 sqft · Condo
$469K
Est. $3,047/mo
4115 Cyprus Island Court
2bd / 2ba · 1,308 sqft · Condo
$499K
Est. $3,047/mo
1759 Pala Lake Drive
2bd / 2ba · 1,426 sqft · Condo
$515K
Est. $3,081/mo
2542 Los Cerritos Lane
2bd / 2ba · 1,389 sqft · Condo
$530K
Est. $3,118/mo
4308 Los Padres Dr
2bd / 2ba · 1,196 sqft · Condo
$575K
Est. $3,010/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
4 leases of condos & townhomes in 92028, size-adjusted · $2,967–$3,251
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,085/mo short at 20% down; 81% down or +$2,707/mo rent closes it.
- Break-even price
- $227,680
- Break-even rent
- $5,758/mo
- Cashflow at 35% down
- −$1,565/mo
- Down payment to break even
- 81%
- Rate to break even
- Not reachable
54% under asking
$2,707/mo above the estimate
$404,190 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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