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07 Camino Rainbow

Fallbrook, CA 92028
  • $699,000
  • STATUS: Pending
  • ON SITE: 245 Days
  • ID#: NDP2508940
Pending
UPDATED: 11 min ago
$699,000
  • 0
    BEDS
  • 0.59
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1970
County:

School Ratings & Info

Listing Agent(s): Eric Fredenburg of Peace Castle Properties (760-644-8695)


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-15T22:35:44.57. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.
www.bobkellyteam.com/homes/167831337
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07 Camino Rainbow Fallbrook, CA 92028

  • Price: $699,000
  • Status: Pending
  • On Site: 245 Days
  • Updated: 11 min ago
  • ID#: NDP2508940
0
Beds
0
Baths
0
½ Baths
0.59
Acres
1970
Built
Neighborhood:
92028 - Fallbrook
County:
San Diego
Area:
92028 - Fallbrook
Property Description
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.
Exterior Features

Entry Level 1 Entry Location Living Room Number Of Separate Electric Meters 2 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Spa YN No View YN No

Interior Features

Common Walls 1 Common Wall Cooling YN No Fireplace YN No Heating YN No

Property Features

Association Fee 0 Association YN No Cap Rate 3.54 Community Features Rural Garage YN No Gross Income 54000 Gross Scheduled Income 54000 Insurance Expense 3700 Land Lease YN No Laundry Features Washer HookupGas Dryer Hookup Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalFHAVA Loan Net Operating Income 24795 New Construction YN No New Taxes Expense 8737 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 29205 Property Sub Type Duplex Rent Control YN Yes Senior Community YN No Sewer Engineered Septic Special Listing Conditions Trust Total Actual Rent 4500 Trash Expense 1704 Water Sewer Expense 3288 Zoning R-1:SINGLE FAM-RES



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-15T22:35:44.57. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.
 
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The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties
2355 Northside Drive, Suite 180
San Diego CA, 92108
Listing Agent(s): Eric Fredenburg of Peace Castle Properties (760-644-8695)