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2542 Los Cerritos Lane, Fallbrook, CA 92028

$530K2bd · 2ba · 1,389 sqft
Lot 7 sqft•HOA $598/mo•Condominium•
Active
•13d on market•MLS# 8N-2609595

Property Description

The most unique condo on the market in North County San Diego! This distinctive 2-bedroom, 2-bathroom condo offers 1,389 sq. ft. of character, panoramic views and an extraordinary setting within an intimate six-unit community. Tranquil hillside views stretch across the living and dining areas, kitchen, and primary bedroom with gorgeous sunsets providing a beautiful backdrop to everyday living. Inside rich cherry wood flooring flows throughout the home, paired with distinctive amber glass entryway windows that add warmth and character. The kitchen features an owned Culligan water softener and under-sink filtered water system. The primary suite offers a remodeled bathroom, built-in wood dresser, custom quartz dressing table and unique capiz shell lighting fixtures. Step outside to a spacious patio where panoramic views invite slow mornings and sunset evenings. While a second, large covered side patio offers a versatile space for entertaining, outdoor dining or creating your own private retreat. What truly sets this property apart is the surrounding community. Approximately seven acres of shared green space feature an impressive variety of mature trees including avocado, macadamia, pomegranate, guava, navel orange, Valencia orange, lemon, grapefruit and fig. Residents also enjoy a community swimming pool, a shared stocked workshop and a guest house available to rent for visiting family and friends. Opportunities like this rarely come to market! Discover a unique chance to own your own slice of Fallbrook, where distinctive character, sweeping views, and remarkable shared grounds create a living experience unlike the ordinary condo. Whether you’re a first-time homebuyer, a retiree looking to downsize, or a snowbird seeking a peaceful getaway - this special property offers a rare opportunity to enjoy the best of Fallbrook living. Full of charm and individuality, it’s an inviting place to call home or enjoy as your own seasonal retreat. Come experience it for yourself, this is a Fallbrook gem you won’t want to miss!

Features & Amenities

FeeBuilt 1974

Property Details

Land Type
Fee
Year Built
1974
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
2
Garage Spaces
0
Heating
Central
Cooling
Central Air
View
Hills, Panoramic, Trees/Woods
Flooring
Tile, Wood
City
Fallbrook
Zip Code
92028
County
San Diego
Listed byLux Team, Amber M Mcpolin

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,679.46
Principal & Interest
Loan Amount
$423,920
Total Interest
$540,687
Total Payment Over 30 Years
$964,607
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 4 active · 3 closed

2542 Los Cerritos Lane, Fallbrook, CA 92028

Fallbrook · Condominium

$530K
Affordable Tier
Beds
2
Baths
2
Sqft
1,389
Lot
7.00 ac
Year
1974
$/Sqft
$381
Pool: No✓
Spa: No✓
View: city✓

Listed in line with the median closed sale of $540,000. Price per sqft ($381) is a 14% discount to closed comps ($445). Closed comps sold at 94% of list — buyers have negotiating leverage.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $530K· $381/sqft
Total list price
Closed comps
vs closed median $540K
−$10K (−1.9%)
Active comps
vs active median $529K
+$900 (+0.2%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $370
+$11 (+3.0%)

Active Properties (4)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1759 Pala Lake DriveFallbrook1979221,426474,368$372$529,9003070
1637 Pala Lake DriveFallbrook1980221,4380$368$529,00016369
4115 Cyprus Island CourtFallbrook1979221,3080$381$499,0004668
4129 Cyprus Island CourtFallbrook1979221,308474,368$359$469,0004367
Total: 4 · Average2.02.01,370474,368$370$506,72570.5
Median1,426$529,000

Closed Properties (3)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
4119 Oak Island LaneFallbrook198011/20/2025221,432473,497$549,900$525,000$3670.954165
1714 Woodlark LaneFallbrook198212/05/2025221,1664,356$595,000$545,000$4670.924361
1744 Woodlark LaneFallbrook198212/23/2025221,0782,614$565,000$540,000$5010.9618858
Total: 3 · Average2.02.01,225.333160,155.667$536,666.667$536,666.667$445—90.66666666666667
Median1,166$540,000$540,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.