Tenant-Occupied Duplex with Fenced
2005-07 Camino Rainbow Fallbrook, CA 92028
For Sale
Contact for pricing
Two tenant-occupied units each offer fenced front yards, with additional fenced outdoor space and storage outbuildings on site.
Property Size1,920 SF
Lot Size0.59 Acres
Price / SF$364.06
Days on Market124
Property Features for 2005-07 Camino Rainbow
General Information
- Standard status
- Active
- Size
- 1,920 SF
- Lot size
- 0.59 Acres
- Property subtype
- Multifamily
Listing Agency:
Peace Castle Properties
Listed By:
Eric Fredenburg · License #01880547
Source:
Crexi
Added: Mar 22
Changed: Jul 23
Last Checked: Jul 23 at 12:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Peace Castle Properties
Investment Insights
Based on property information with market context.
This quaint duplex includes two tenant-occupied 2-bedroom, 1-bath units. Each unit has a fenced front yard, and the north unit also features a large fenced back yard. The south unit provides access to the remaining portion of a large, flat lot with fruit and citrus trees. Two outbuildings on the property provide additional storage.
Located in the rural Fallbrook community of Rainbow, CA, the duplex sits on a parcel served by an advanced treatment septic system.
For buyers seeking an income-producing setup, the property is currently occupied by tenants in both units while offering outdoor space for day-to-day use and storage support via the on-site outbuildings.
Located in the rural Fallbrook community of Rainbow, CA, the duplex sits on a parcel served by an advanced treatment septic system.
For buyers seeking an income-producing setup, the property is currently occupied by tenants in both units while offering outdoor space for day-to-day use and storage support via the on-site outbuildings.
Key Highlights
- Duplex in the Rainbow, CA area of Rural Fallbrook community with both units tenant occupied for rental income
- Each unit is 2 bed, 1 bath, approximately 960 SF
- Fenced front yards for both units; north unit also has a large fenced back yard
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.8k | $27.00 |
| − Vacancy | −$2.7k | −$1.40 |
| EGI | $49.1k | $25.60 |
| − OpEx | −$14.7k | −$7.68 |
| NOI | $34.4k | $17.92 |
1,920 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$491.4K
$430.0K – $573.4K
NOI $34,401 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$455.7K
$398.8K – $531.7K
NOI $31,902 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$879.7K
$769.7K – $1.03M
NOI $61,578 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two tenant-occupied units each offer fenced front yards, with additional fenced outdoor space and storage outbuildings on site.
Where is this duplex located?
The property is located at 2005-07 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: Duplex in the Rainbow, CA area of Rural Fallbrook community with both units tenant occupied for rental income; Each unit is 2 bed, 1 bath, approximately 960 SF; Fenced front yards for both units; north unit also has a large fenced back yard
