335 Rainbow Crest new Save Request In-Person Tour Request Virtual Tour
Fallbrook,CA 92028
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Fallbrook
MLS Listing ID ND25229991
Bedrooms 4
Lot Size 5.860 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Investors dream in Rainbow! This secluded 5.86-acre estate features three detached income-producing homes with panoramic mountain and canyon views: a 2BR/2BA main house (1,527 sq ft) currently available for rent, a 1BR/1BA guest house (958 sq ft) with a 3-car garage/workshop (approx. 952 sq ft), and a charming 1BR/1BA cottage (410 sq ft) known as The Hideaway. All residences showcase quality craftsmanshiphardwood floors, custom cabinetry, artistic woodwork, and two with steam showersplus unique outdoor living including a hot/cold shower. Modern upgrades include paid solar, Starlink internet, high-end appliances, and 2x6 construction. Ideal for investors seeking rental income, multigenerational living, vacation rentals, or retreat potential. A lower pad offers water, utilities, and septic access with room to add another home, maximizing upside. A rare opportunity for cash flow and future expansion in a peaceful, highly desirable location. See supplemental for rental details.
Location
State CA
County San Diego
Zoning Assessor
Interior
Heating Fireplace,Forced Air Unit,Pellet/Wood Burning Stove
Exterior
Fence Partial
View Y/N No
Roof Type Composition
Building
Story 2
Others
Virtual Tour https://showcase.zinmeta.com/order/c3fecc58-c638-4643-9aad-08dd9fa2c99e?branding=false