NOT LISTED FOR SALE

168 5th St Rainbow, CA 92028

9.53 Acres
-- Price per Acre
415,127 Sq Ft Lot

Last Sold November 15, 2023

Last sale price $500,000

59 Days on Market

Highlights

  • River View
  • No HOA
  • Paved or Partially Paved Lot
  • 9.53 Acre Lot

About This Lot

As of November 2023

DRASTIC PRICE REDUCTION!! Motivated Seller! WANTS IT SOLD NOW!! Investment Opportunity! Enjoy monthly income of ($2000/MONTH) billboard sign lease. The subject property includes 2 parcels totaling 16.8 acres (APN #102-530-18-00 and APN #102-530-19-00) At the miniumu will support 2 residential sites. There is approx. 849 feet of frontage off Old Highway 395, including direct frontage of Interstate 15. The property is also right next door to the historic Rainbow Oaks Restaurant which also includes a gas station, grocery store, and cabanas. There are many potentials such as: residential use, nursery, storage,small rv park or other commercial use with a possible zoning change or CUP (Conditional Use Permit). Buyer to verify any potential use with San Diego County Building and Safety Dept. Many possible home sites, flat usable land, a panoramic view, lush tropical vegetation, endless oak tress, and a year round creek running through the property. Will clean up like a park!! Buyer to verify property access points. All utilities are at the street, there is a 2" water meter. There is a MWD Aqueduct easement going between the 2 properties Property nearest freeway has an old elevated pad site on south part upper area. Fantastic Opportunity awaits! 2 APNS 102-530-18,19 San Diego county Fallbrook Hwy 395 and I-15 Northbound exposure!! Submit All Offers!
Seller wants it sold NOW !

Last Agent to Sell the Property

Randy Roth

Fairway and Ranch Realty License #00893936 Listed on: 07/31/2023

Last Buyer's Agent

Randy Roth

Fairway and Ranch Realty License #00893936 Listed on: 07/31/2023

Property Details

Property Type

  • Land

Lot Details

  • 9.53 Acre Lot
  • Rural Setting
  • Paved or Partially Paved Lot
  • 1025301900
  • Property is zoned RR

Property Views

  • River
  • Woods
  • Rock

Utilities

  • Sewer Not Available

Community Details

  • No Home Owners Association
  • Fallbrook Subdivision

Listing and Financial Details

  • Tax Tract Number 10286
  • Assessor Parcel Number 1025301800
  • $310 per year additional tax assessments

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Inclusions: 1.5" Water Meter
  • Subdivision Name Other: Fallbrook
  • View: Yes
  • Zoning: RR
  • Property Type: Land
  • Parcel Number: 1025301800
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 1.20

Exterior Features

  • View: River, Rocks, Trees/Woods

Utilities

  • Sewer: None
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 1025301900
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 415127.00
  • Lot Size Acres: 9.5300
  • Latitude Manual: 33.41163800

Multi Family

  • Lot Size Area: 415127.0000 Square Feet

Tax Info

  • Tax Census Tract: 188.01
  • Tax Tract Number: 10286
  • TaxOtherAnnualAssessmentAmount: 310.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2023 11/15/23 Sold $500,000 -39.4% --
09/06/2023 09/06/23 Price Changed $825,000 -10.8% --
08/25/2023 08/25/23 Price Changed $925,000 +3.4% --
08/22/2023 08/22/23 Price Changed $895,000 -8.2% --
07/31/2023 07/31/23 For Sale $975,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW23140907

California Regional Multiple Listing Service (CRMLS)