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Investor OpportunityTwo Homes on One Lot just under an Acre! – Rehab or Rental Income PotentialAmazing value-add opportunity in Fallbrook (Rainbow)! This property includes two separate units on the same lot, ideal for investors, flippers, or DIY buyers.Main House: Tax records list as 2 bed / 1 bath, but the home is actually 4 bedrooms (Den can be 4th bedroom), 2 bathrooms, approximately 1,600 sq ft. Features include central heat and A/C, fireplace, and patio access. Chicken Coup and Multiple Storage Sheds and room for RV's, Boats, Toys, etc.Back Unit (ADU): Approx. 400 sq ft, featuring 1 bedroom, 3/4 bath, an open kitchen/dining/living layout, plus a loft sleep space above.Located in RR zoning (Rural Residential), close to schools, county park, shopping, down the street from famous Rainbow Oaks Cafe, freeway access, 10 minutes from Temecula.Buyer to verify all details, permits, and square footage. Great opportunity for rental income or a full remodel.
Property Type(s):
Single Family
| Last Updated | 4/22/2025 | Tract | Fallbrook |
|---|---|---|---|
| Year Built | 1952 | Community | Fallbrook |
| County | San Diego |
SCHOOLS
| School District | Fallbrook Union |
|---|
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Vented Exhaust Fan |
| AREA | Fallbrook |
| EXTERIOR | Kennel |
| FIREPLACE | Yes |
| GARAGE | No Driveway, RV Access/Parking, See Remarks |
| HEAT | Central, Fireplace(s), Natural Gas, See Remarks |
| HOA DUES | 0 |
| INTERIOR | Bar, Beamed Ceilings, Block Walls, Living Room Deck Attached, Open Floorplan, See Remarks, Storage |
| LOT | 0.72 acre(s) |
| LOT DESCRIPTION | Front Yard, Gentle Sloping, Lawn, Trees, Yard |
| PARKING | No Driveway,RV Access/Parking,See Remarks |
| POOL DESCRIPTION | None |
| SEWER | None,Septic Type Unknown |
| STORIES | 1 |
| SUBDIVISION | Fallbrook |
| UTILITIES | Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,See Remarks,Water Connected,Sewer Not Available, Electric: Electricity - On Property,Unknown |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s) |
| WATER | Public,See Remarks |
| ZONING | RR |
Location
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Listed with Realty Masters & Associates, I
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