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
Square Footage 2,895 sqft
Price per Sqft $385
MLS Listing ID CRND25229991
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
Interior
Heating Forced Air,Perimeter,Oil,Central,Fireplace(s)
Cooling No Air Conditioning
Flooring Wood
Laundry Dryer,In Garage,Washer,Inside
Exterior
View Hills,Mountain(s),Valley
Building
Lot Description Agricultural,Sloped Down,Other,Front Yard,Garden,Landscaped,Paved