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Jerrod Waller

jwaller@sdrealtyco.com +1(858) 822-8634

$749,000

Est. payment - /mo

1 Bed

1 Bath

888 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 888 sqft

Price per Sqft $843

MLS Listing ID V1-39305

Bedrooms 1

Full Baths 1

Year Built 2015

Lot Size 1.950 Acres

Property Sub-Type Detached

Property Description

Nearly two acres of elevated Fallbrook Heights land with no HOA, no restrictions on yourvision, and a turnkey 2015-built cottage ready the day you close -- that is the opportunityat 5521 Rainbow Heights Rd. The 1.95-acre parcel sits in the Rainbow Heights corridor ofFallbrook, California's legendary avocado and citrus country, where acreage with thiscombination of usable land, modern construction, and zero HOA constraints is genuinely rare. The 888 sq ft single-family residence, built in 2015 and in nearly new condition, provides a clean, livable anchor while you plan what comes next -- whether that is anADU, an orchard, a hobby farm, outbuildings, or simply the privacy and elbow room that anear-two-acre elevated parcel delivers. The lot scale, the Fallbrook Heights topography,and the absence of HOA oversight are the story here; the move-in-ready cottage is thebonus. Gross rent estimate of approximately $3,716/month supports an investor or househack angle for a cash or portfolio-lender buyer. Cash buyers and land-savvybuyers with portfolio financing are best positioned. Verify all details independently.

Location

State CA

County San Diego

Direction Traveling southbound on I-15/ Exit 54 Rainbow Valley Blvd./ Turn Left, crossing over freeway/ Turn Left at 2nd Stop-Sign staying on Rainbow Valley Blvd/ Turn Left on Eighth St/ Turn Left onto Rainbow Heights Rd./ *Turn Left onto Select Way.

Interior

Interior Features Living Room Deck Attached

Cooling Central Forced Air

Flooring Tile

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, Gas & Electric Range

Exterior

View Y/N Yes

Water Access Desc Public

View Mountains/Hills, Ocean, Panoramic, Rocks, Trees/Woods, Valley/Canyon

Accessibility 2+ Access Exits

Porch Deck

Building

Sewer Conventional Septic

Water Public

Others

Senior Community No

Tax ID 1026306600

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition REO

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Listed by Omar Ortiz, DRE#02056548 My Realty Company, Inc.
Co-listed byNON LISTED OFFICE

NEARBY SCHOOL & BUSINESS

“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”

+1(858) 822-8634

jwaller@sdrealtyco.com

3555 5th Avenue 3rd Floor, San Diego, CA 92103

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5521 Rainbow Heights Road Fallbrook, CA 92028