2005 Camino Rainbow Fallbrook, CA ^$ 699,000

2005 Camino Rainbow

^$ 699,000

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2005 Camino Rainbow

Fallbrook, CA, 92028

^$ 699,000

Bedrooms2 Baths1.0

Monthly Estimate*

^$ 4,361

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Multi-Family Home for sale in Fallbrook, CA

for $699,000 with 2 bedrooms and 1 full bath. The lot size is 0.589991.

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

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Res Income 2-4 Units

Lot Size

0.589991

Town/City

Fallbrook

County/Region

San Diego

MLS | Web ID

NDP2508940

Features

General

Zoning Assessor

HOA Fee 0.0

Pool Features N/K

Year Built 0

Property Subtype Res Income 2-4 Units

County San Diego

Operating Expense 17429.0

New Construction N

Property Type Residential Income

HOA N

Attached Garage N

Status PENDING

Directions GPS

City Fallbrook

Senior Community Y/N N

Number Of Units Total 2

Lot Size Units Acres

Lot Size Square Feet 25700.0

Property Attached Y/N N

Building Area Units Sqft

Living Area Units Sqft

Standard Status Pending

Cap Rate 3.54

Freehold IDX

Exterior

Lot Size Area 0.59

Number of Buildings 1

Building Area Total 0.0

Waterfront Y/N N

Interior

Total Stories 1

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Half Baths 0

Total Bedrooms 2

Total Baths 1

* Excluded Features

List By

Eric Fredenburg

Listing Agent

Peace Castle Properties

Broker

(760) 533-1076

Phone

Affordability Calculator

$4,361

Per Month

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

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

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 ^$972,125

Percent of Sale Price 39%

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.

281193 Elementary School

281006 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/12/2025	$699,000		Listed Price

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2005 Camino Rainbow, Fallbrook, CA, 92028 is a Multi-Family Home for sale at $699,000 with a lot size of 0.589991. 2005 Camino Rainbow has 2 bedrooms and 1.0 baths. 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 San Diego Multiple Listing Service, Inc.

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.

Data is updated as of 12/11/2025.

CA BRE #019180026.

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2005 Camino Rainbow

Multi-Family Home for sale in Fallbrook, CA

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