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502 E Elder Street — Fallbrook | Belmont Brokerage | Belmont Brokerage

Active

+53 more

$1,500,000

181 DOM

— bd— ba— sqft

Call

502 E Elder St Fallbrook, CA 92028

4.90acre lot

Prime 4.9-Acre Development Opportunity in Fallbrook. Discover this exceptional 4.9-acre parcel in Fallbrook, perfectly suited for your next project. Comprising two APNs—103-246-28-00 (3.98 acres) and 103-246-17-00 (0.92 acres)—this property offers flexible zoning under RU (Urban Residential) with a General Plan designation of Village Residential (VR-15), unlocking a range of residential development possibilities. Utilities Ready including Fallbrook Public Utility water meter already installed and sewer access available on-site. Truly a prime location nestled in desirable Fallbrook, ideal for custom homes, subdivisions, or village-style living. This is a rare development gem—don't let it slip away!

MLS NDP2510072

877-366-2213 (Office) 760-704-9252 (Cell) timkirkrealestate@gmail.com

Est. payment

$9,586/mo

Principal & interestTaxesInsurance

$7,585$1,563$438

Down %

Rate %

Years

Down payment: $300,000 · Total cost: $3,030,534

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$9,586/mo

Principal & interest: $7,585
Est. property tax: $1,563
Est. insurance: $438
Down payment: $300,000

Est. gross rent$6,250/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-3,336/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.

Virtual Tour

Explore 3D Space

Opens interactive virtual tour

Price History

Event	Date	Price	Change
Listed	Oct 17, 2025	$2,000,000	—

Facts & Features

Transaction Data

▼Price Reduced from $2,000,000 (−$500,000)

877-366-2213 (Office) 760-704-9252 (Cell) timkirkrealestate@gmail.com

Sale & Tax History

No Recent Sales History

We didn't find any closed transactions for this property in the last 5 years.

Location

502 E Elder Street, Fallbrook, CA 92028

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Call

502 E Elder St Fallbrook, CA 92028

About this home

Tim Kirk

Est. monthly payment

Mortgage vs rent

Virtual Tour

Price History

Facts & Features

Transaction Data

Tim Kirk

Sale & Tax History

No Recent Sales History

Location

502 E Elder Street, Fallbrook, CA 92028

About This Property

Property Photos

Location

Listing Agent

Presented by Belmont Brokerage Inc.

502 E Elder St Fallbrook, CA 92028

About this home

Tim Kirk

Est. monthly payment

Mortgage vs rent

Virtual Tour

Price History

Facts & Features

Transaction Data

Tim Kirk

Sale & Tax History

No Recent Sales History

Location