335 Rainbow Crest new Save Request In-Person Tour Request Virtual Tour
Fallbrook,CA 92028
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Fallbrook
MLS Listing ID ND25229991
HOA Y/N No
Year Built 1983
Lot Size 5.860 Acres
Property Sub-Type Triplex
Property Description
Investor's 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 craftsmanship—hardwood floors, custom cabinetry, artistic woodwork, and two with steam showers—plus 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
Area 92028 - Fallbrook
Interior
Interior Features Balcony,Ceiling Fan(s),Living Room Deck Attached,Open Floorplan,Pantry,Storage,All Bedrooms Down,Walk-In Pantry
Heating Central,Forced Air,Fireplace(s),Oil,Pellet Stove
Cooling None
Flooring Wood
Fireplaces Type Bath,Free Standing,Kitchen,Living Room,Pellet Stove,Propane
Inclusions washers, dryers, refrigerators
Fireplace Yes
Appliance Dishwasher,Electric Oven,Electric Range,Propane Oven,Propane Range,Refrigerator,Tankless Water Heater,Water Heater,Dryer,Washer
Laundry Inside,In Garage
Exterior
Parking Features Door-Multi,Direct Access,Driveway,Driveway Up Slope From Street,Garage,Garage Door Opener,Gravel,Gated,Paved,RV Potential,Garage Faces Side,Workshop in Garage
Garage Spaces 3.0
Garage Description 3.0
Fence Chain Link,Partial
Pool None
Community Features Rural
View Y/N Yes
View Hills,Mountain(s),Valley
Roof Type Composition
Total Parking Spaces 10
Private Pool No
Building
Lot Description Agricultural,Sloped Down,Front Yard,Garden,Horse Property,Landscaped,Paved,Sprinkler System
Story 2
Entry Level One,Two
Sewer Septic Type Unknown
Water Public
Level or Stories One,Two
New Construction No
Others
Senior Community No
Tax ID 1100212000
Energy Description 600.0
Acceptable Financing Cash,Cash to New Loan,Conventional
Horse Property Yes
Listing Terms Cash,Cash to New Loan,Conventional
Special Listing Condition Standard
Virtual Tour https://showcase.zinmeta.com/order/c3fecc58-c638-4643-9aad-08dd9fa2c99e