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    2005 Camino Rainbow Fallbrook, CA 92028

    For Sale
    $699,000

    Duplex with rental income potential in Rainbow, California.

    Lot size:
    0.59 Acres

    Property Features for 2005 Camino Rainbow

    General Information

    Lot size
    0.59 Acres

    Building Details

    Year built
    1970

    Source: Peace Castle Properties Agent Eric Fredenburg

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Duplex in Rural Fallbrook Community

    This duplex is located in the rural Fallbrook community of Rainbow, California. The property consists of two units, each featuring 2 bedrooms and 1 bathroom, with approximately 960 square feet of living space. Situated on a 0.59-acre parcel, the property is serviced by an advanced treatment septic system. Both units are tenant-occupied, providing immediate rental income. Each unit has a fenced front yard, and the north unit includes a large fenced backyard. The south unit has access to the remaining section of the large, flat lot, which features various fruit and citrus trees bordering the property. Two outbuildings provide storage and contribute to the rustic county feel. This property offers the opportunity to live in one unit and rent the other, maximizing rental income while enjoying a peaceful country setting.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy Wholesale Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fallbrook
    County
    San Diego
    State
    California
    Longitude
    -117.1474092
    Latitude
    33.4086796

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    FAQs

    What type of property is this?
    Duplex - Duplex with rental income potential in Rainbow, California.
    Where is this duplex located?
    The property is located at 2005 Camino Rainbow Fallbrook, CA.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Income-producing duplex: Immediate rental income from two tenant-occupied units.; - Live-and-rent option: Live in one unit and rent the other for supplemental income.; - Large lot: Situated on a 0.59-acre parcel with fruit and citrus trees.
    (760) 644-8695
    Request Owner's contact information
    2005 Camino Rainbow Fallbrook, CA 92028
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    Fallbrook, CA 92028
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2005 Camino Rainbow Fallbrook, CA 92028
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