2005 07 Camino Rainbow Fallbrook, CA ^$ 699,000

2005 07 Camino Rainbow

^$ 699,000

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2005 07 Camino Rainbow

Fallbrook, CA, 92028

^$ 699,000

Studio Baths1.0 Sq 1,920

Monthly Estimate*

^$ 4,361

Listed by Peace Castle Properties

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Studio

Multi-Family Home for sale in Fallbrook, CA

for $699,000 with 1 full bath. This 1,920 square foot home was built in 1970 on a lot size of 0.59.

OPPORTUNITY HAS ARRIVED! Quaint Duplex is Rural Fallbrook Community of Rainbow, CA. Both Units are Tenant Occupied to Provide Immediate Rental Income or Live in One and Rent the Other for More Opportunity to Enjoy Rental Income and Your Very Own Slice of County Peace. Each Unit has Fenced Front Yards and the North Unit has a Large Fenced Back Yard. South Unit has Access to the Remaining Section of the Large Flat Lot with Various Fruit and Citrus Trees Bordering the Property. Two Out Buildings Provide Storage and a Rustic County Feel. Each Unit is a 2 Bedroom, 1 Bathroom, Approximately 960 Sq Ft Situated on a 0.59 Acre Parcel Serviced by an Advanced Treatment Septic System. Come Visit and You Will Want to Make this Special Slice of Rainbow your Pot of Gold.

Multi-Family Pending

Price

^$ 699,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.59

Year Built

1970

Town/City

Fallbrook

County/Region

San Diego

MLS | Web ID

NDP2508940

Days on Market

115

Features

General

Sewer Engineered Septic

Zoning R-1:SINGLE FAM-RES

HOA Fee 0

Garage Spaces 0

Pool Features None

Year Built 1970

Property Subtype Duplex

Gross Income 54000

Community Features Rural

County San Diego

Net Operating Income 24795

Operating Expense 29205

Insurance Expense 3700

New Construction 0

Property Type Residential Income

HOA 0

Garage Y/N 0

Special Listing Conditions Trust

Status Pending

Directions GPS

City Fallbrook

Entry Location Living Room

Senior Community Y/N 0

Number Of Units Total 2

MLS Area 92028 - Fallbrook

Lot Size Units Acres

Lot Size Square Feet 25700.4

Number of Units Leased 2

Listing Terms Cash Conventional FHA VA Loan

Property Attached Y/N 1

Land Lease Y/N 0

Trash Expense 1704

Water Sewer Expense 3288

Rent Control Y/N 1

Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2508940

Building Area Units Square Feet

Standard Status Pending

Year Built Source Assessor

Tax Lot 102-630-51-00

Total Actual Rent 4500

Property Sub Type Additional Duplex

Taxes 8737

Cap Rate 3.54

Interior

Total Stories 1

Common Walls 1 Common Wall

Air Conditioning Y/N 0

Heating Y/N 0

Fireplace Y/N 0

Laundry Features Washer Hookup Gas Dryer Hookup

Entry Level 1

Total Baths 0

Exterior

Total Parking 0

Lot Size Area 0.59

Number of Buildings 1

Spa 0

Building Area Total 1920

Lot Size Acres 0.59

Private Pool 0

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 2

Number of Separate Electric Meters 2

* Excluded Features

List By

Peace Castle Properties

Broker

admin@peacecastlepm.com

Affordability Calculator

$4,361

Per Month

Monthly Principal & Interest: $4,361
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Fallbrook, CA

Average List Price ^$1,011,143

Percent of Sale Price 45%

About Fallbrook, CA

33,184 Population

14% Since 2002

^$57,009 Median Income

35.56 Median Age

31% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$699,000		Listed Price

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2005 07 Camino Rainbow, Fallbrook, CA, 92028 is a Multi-Family Home for sale at $699,000 with 1,920 sqft and a lot size of 0.59. 2005 07 Camino Rainbow is a studio with 1.0 baths and was built in 1970. The property's zip code is 92028 which is in Fallbrook, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/19/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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2005 07 Camino Rainbow

Multi-Family Home for sale in Fallbrook, CA

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