Listed by Erick Ciprian•DRE #01826437• Premier Agency R.E. Inc
Contact: ciprianhomes@gmail.com
For sale
$1,150,000
Est. $7,773/mo —
4
bd
•
2 ba
•
1,920
sq ft
2005-07 Camino Rainbow, Fallbrook, CA 92028
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About this home
Beautifully renovated duplex situated on a spacious lot in the desirable Rainbow/ Fallbrook community, offering an exceptional opportunity for investors, owner-occupants, or multigenerational living. Both residences have undergone extensive renovations with thoughtful updates throughout, creating a clean, modern, turnkey property that reflects exceptional pride of ownership. Improvements include new flooring, windows, upgraded kitchens with modern countertops and custom islands, remodeled bathrooms, updated fixtures, sinks, faucets, tile work, recessed lighting, Wi-Fi-enabled mini-split heating and cooling systems, smart-home features, landscaping, fencing, and independent updated electrical panels for each residence. Each unit offers comfortable and functional living spaces with modern finishes throughout. The expansive lot has been improved and graded, providing generous outdoor space and exciting possibilities for future expansion. The property may offer potential for adding an ADU and Junior ADU, creating an opportunity for additional living space, multigenerational use, or future rental income. Additional possibilities may include ranch or equestrian use, hobby farming, or other improvements. All future development and uses are subject to applicable County requirements, zoning, permits, and buyer verification. Conveniently located just minutes from Interstate 15, the property offers the privacy and space of country living while maintaining easy access to Fallbrook, Temecula, and surrounding North County communities. A rare opportunity to own a beautifully remodeled, income-producing two-home property offering modern amenities, usable land, flexibility, and exciting future potential. Live in one and rent the other, create a multigenerational compound, explore the potential for an ADU and JR ADU, or add this unique property to your investment portfolio.
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.
CRMLS #NDP2402675
Apr 19, 2024
Rental Removed
$2,250
$1/sq ft
Apr 12, 2024
Price Changed
$2,250
$1/sq ft
Apr 1, 2024
Listed for Rent
$2,395
$1/sq ft
APPFOLIO #1
Apr 1, 2024
Rental Removed
$2,395
$1/sq ft
Mar 28, 2024
Listed for Rent
$2,395
$1/sq ft
CRMLS #71095347
Jul 31, 2008
Listing Removed
—
Dec 17, 2007
Listed
$375,000
$195/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Style
Single Family Residential
County
San Diego County
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Last updated by owner on Feb 25, 2026.
A70
Limited Agricultural Zone
The A70 Use Regulations are intended to create and preserve areas intended primarily for agricultural crop production. Additionally, a limited number of small farm animals may be kept and agricultural products raised on the premises may be processed.
Typically, the A70 Use Regulations would be applied to areas throughout the County to protect moderate to high quality agricultural land.
Permitted uses
Include but are not limited to:
Agriculture
Housing
Processing
Fire house
Police station
Agriculture-Cropland
Agriculture-Grove / orchard
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
8/10 Fire Factor
31% chance of being in a wildfire in next 30 years
7/10 Heat Factor
7 days above 97° expected this year, 22 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
5/10 Air Factor
7 unhealthy days expected this year, 8 days in 30 years
Provided by First Street
Historical weather
Fallbrook, CA • 92028
Average low and high temperatures (°F)
69
49
70
51
73
52
70
51
74
55
78
58
84
62
87
63
84
63
80
57
72
51
70
49
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.4 hours in
June and 7.3 hours in December, placing it above the
U.S. average for solar exposure.
9.4 hrs
7.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2005-07 Camino Rainbow
$1,145,922
$4,078 under list price of $1.15M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $745K to $1.3M.