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    Fallbrook, CA Multifamily Properties for Sale

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    Temecula, CA Bonsall, CA Oceanside, CA
    Fallbrook Duplex with Income Potential
    $699,000
    1,920 SF

    Fallbrook Duplex with Income Potential

    2005 Camino Rainbow 07, Fallbrook, CA 92028

    Quaint duplex in Fallbrook's Rainbow community with immediate rental income.

    • Duplex offers immediate rental income potential.
    • Opportunity to live in one unit and rent the other.
    • Each unit is 2 bedrooms, 1 bathroom, approximately 960 sq ft.
    • Large 0.59 acre lot with fruit and citrus trees.
    • Each unit has a fenced front yard; North unit has a large fenced backyard.
    Updated: Sep 11, 2025
    View details
    Three Detached Homes on One Lot
    $1,150,000

    Three Detached Homes on One Lot

    537 DeLuz Rd, Fallbrook, CA 92028

    Three detached cottage-style homes in Fallbrook's strong rental market.

    • High income property with three detached cottage style homes on one lot
    • Fantastic location in one of San Diego’s strongest rental markets
    • Two 2bdrm/1bthrm houses plus one detached studio, all with private yards, in‑unit laundry, & off‑street parking
    • Separately metered for SDGE & submetered for water
    • Very walkable location (Walk Score 82) walking distance to Downtown Fallbrook
    Updated: Apr 1
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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 2 Active listings in Fallbrook, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Vista Income Property with Solar
    $1,740,000
    2,054 SF

    Vista Income Property with Solar

    Three rentable spaces on 2.57 acres with owned solar.

    6937 KELLYN Lane, Vista, CA 92084
    View details
    Murrieta Commercial Land Opportunity
    $1,100,000
    1,440 SF

    Murrieta Commercial Land Opportunity

    Prime location for high-density residential and mixed-use commercial development.

    25063 Monroe Avenue, Murrieta, CA 92562
    View details
    Land with Development Potential
    $1,490,000

    Land with Development Potential

    Land suitable for multi-family or commercial development.

    25195 Jackson Ave, Murrieta, CA 92562
    View details
    Vista Multifamily Income Property
    $1,740,000
    2.57 Acres

    Vista Multifamily Income Property

    Three rentable spaces on 2.57 acres with owned solar.

    6937 Kellyn Lane, Vista, CA 92084
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    10-Acre Lot with Development Potential
    $1,150,000
    438,214.00 Acres

    10-Acre Lot with Development Potential

    Large lot with flat usable acres and development potential.

    23700 Oak Circle Drive, Wildomar, CA 92595
    View details
    Lake Elsinore Hillside Lot
    $55,900
    8,940.00 Acres

    Lake Elsinore Hillside Lot

    Hillside lot with mountain views, convenient location, utilities ready.

    0 Reid Street, Lake Elsinore, CA 92530
    View details
    Residential Land in Menifee, CA
    $45,000
    10,890.00 Acres

    Residential Land in Menifee, CA

    0.25 acre lot zoned for residential and manufactured homes.

    0 NEVADA Drive, Menifee, CA 92587
    View details
    Rancho California RV Resort Lot
    $65,000

    Rancho California RV Resort Lot

    Luxury RV resort lot near Temecula Wine Country.

    45525 Highway 79, Unit 351, Aguanga, CA 92536
    View details

    Off-Market Properties in Fallbrook, CA

    Consider similar Off-Market properties in Fallbrook, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    235 Aviation Rd
    MOBILE HOME PARK, TRAILER PARK
    Lot: 2.87 Acres
    Estimated value
    $6,000,000

    235 Aviation Rd, Fallbrook, CA 92028-3305

    View details
    1149 Alturas Rd
    APARTMENT HOUSE (5+ UNITS)
    4,032 SF Lot: 0.28 Acres
    Estimated value
    $1,055,000

    1149 Alturas Rd, Fallbrook, CA 92028-6111

    View details
    331 Main Ave
    APARTMENT HOUSE (5+ UNITS)
    2,582 SF Lot: 0.20 Acres
    Estimated value
    $1,500,000

    331 Main Ave, Fallbrook, CA 92028-2939

    View details
    1105 Old Stage Rd
    APARTMENT HOUSE (5+ UNITS)
    12,684 SF Lot: 0.56 Acres
    Estimated value
    $2,965,000

    1105 Old Stage Rd, Fallbrook, CA 92028-3471

    View details
    127 Kalmia St
    APARTMENT HOUSE (5+ UNITS)
    4,004 SF Lot: 0.15 Acres
    Estimated value
    $1,165,000

    127 Kalmia St, Fallbrook, CA 92028-1963

    View details
    303 Clemmens Ln
    APARTMENT HOUSE (5+ UNITS)
    16,764 SF Lot: 0.72 Acres
    Estimated value
    $2,880,000

    303 Clemmens Ln, Fallbrook, CA 92028-4074

    View details
    305 Clemmens Ln
    APARTMENT HOUSE (5+ UNITS)
    18,840 SF Lot: 0.72 Acres
    Estimated value
    $5,850,000

    305 Clemmens Ln, Fallbrook, CA 92028-4057

    View details
    1133 Old Stage Rd
    APARTMENT HOUSE (5+ UNITS)
    13,202 SF Lot: 0.53 Acres
    Estimated value
    $2,220,000

    1133 Old Stage Rd, Fallbrook, CA 92028-3492

    View details
    1514 Msn Rd, Unit 24
    APARTMENT HOUSE (5+ UNITS)
    4,062 SF Lot: 1.59 Acres
    Estimated value
    $760,000
    Unit 24

    1514 Msn Rd, Fallbrook, CA 92028-2404

    View details
    1244 Alturas Rd
    APARTMENT HOUSE (5+ UNITS)
    3,082 SF Lot: 0.18 Acres
    Estimated value
    $530,000

    1244 Alturas Rd, Fallbrook, CA 92028-3938

    View details
    1255 Old Stage Rd
    APARTMENT HOUSE (5+ UNITS)
    18,627 SF Lot: 0.66 Acres
    Estimated value
    $4,670,000

    1255 Old Stage Rd, Fallbrook, CA 92028-4100

    View details
    212 Fallbrook St
    APARTMENT HOUSE (5+ UNITS)
    12,805 SF Lot: 0.58 Acres
    Estimated value
    $1,555,000

    212 Fallbrook St, Fallbrook, CA 92028-3374

    View details
    235 Kalmia St
    APARTMENT HOUSE (5+ UNITS)
    5,472 SF Lot: 0.20 Acres
    Estimated value
    $1,445,000

    235 Kalmia St, Fallbrook, CA 92028-1969

    View details
    470 Ammunition Rd, Unit 88
    APARTMENT HOUSE (5+ UNITS)
    4,184 SF Lot: 0.40 Acres
    Estimated value
    $765,000
    Unit 88

    470 Ammunition Rd, Fallbrook, CA 92028-3213

    View details
    329 Pico Ave, Unit A
    APARTMENT HOUSE (5+ UNITS)
    4,903 SF Lot: 0.16 Acres
    Estimated value
    $1,025,000
    Unit A

    329 Pico Ave, Fallbrook, CA 92028-1948

    View details
    145 Clemmens Ln
    APARTMENT HOUSE (5+ UNITS)
    14,112 SF Lot: 0.71 Acres
    Value Estimation by Request

    145 Clemmens Ln, Fallbrook, CA 92028-4027

    View details
    821 Old Stage Rd
    APARTMENT HOUSE (5+ UNITS)
    27,406 SF Lot: 1.65 Acres
    Estimated value
    $2,200,000

    821 Old Stage Rd, Fallbrook, CA 92028-4701

    View details
    1210 Vine St
    APARTMENT HOUSE (5+ UNITS)
    4,500 SF Lot: 0.21 Acres
    Estimated value
    $720,000

    1210 Vine St, Fallbrook, CA 92028-3342

    View details
    123 Pasadena Ave, Unit 33
    APARTMENT HOUSE (5+ UNITS)
    3,500 SF Lot: 0.20 Acres
    Value Estimation by Request
    Unit 33

    123 Pasadena Ave, Fallbrook, CA 92028-2034

    View details
    1433 Msn Rd
    APARTMENT HOUSE (5+ UNITS)
    19,968 SF Lot: 1.31 Acres
    Estimated value
    $4,710,000

    1433 Msn Rd, Fallbrook, CA 92028-4011

    View details
    1122 Vine St
    APARTMENT HOUSE (5+ UNITS)
    4,032 SF Lot: 0.27 Acres
    Estimated value
    $535,000

    1122 Vine St, Fallbrook, CA 92028-3390

    View details
    430 Ammunition Rd, Unit 40
    APARTMENT HOUSE (5+ UNITS)
    Lot: 0.51 Acres
    Value Estimation by Request
    Unit 40

    430 Ammunition Rd, Fallbrook, CA 92028-3213

    View details

    Fallbrook, CA Multifamily Properties Investment Opportunities Market Analysis

    Explore 72 multifamily properties for sale in Fallbrook, CA on our real estate platform. These investment opportunities span a total of 1,920 square feet of properties for sale, with an estimated market value of $699,000.

    Sale prices for multifamily properties in Fallbrook, CA start at $699,000, averaging $699,000, and reaching up to $699,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Duplexes 3
    Mobile home & RV parks 1

    Demographics Overview

    Population 51K
    Population Growth (5Y) +3.1%
    Median Household Income $102,346
    College Educated 24.6%

    High-Yield Neighborhoods for Investment

    Identify Fallbrook submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

    Neighborhood Average Price
    92028 $924.5K

    Taxes & Financing

    Tax Rate (average for all types) 1.01%
    Property Tax per SF $11.84 per sq ft
    Tax Rate vs County Average 0.16 pp below county avg
    Average Loan-to-Value 65.0%

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