A
Seller's Agent in 2025
Adam Sparks
Realty Masters & Associates, I
(951) 522-0887
30 Total Sales
Estimated Value: $589,000 - $685,577
Investor Opportunity
Two Homes on One Lot just under an Acre! – Rehab or Rental Income Potential
Amazing value-add opportunity in Fallbrook (Rainbow)! This property includes two separate units on the same lot, ideal for investors, flippers, or DIY buyers.
Main House: Tax records list as 2 bed / 1 bath, but the home is actually 4 bedrooms (Den can be 4th bedroom), 2 bathrooms, approximately 1,600 sq ft. Features include central heat and A/C, fireplace, and patio access. Chicken Coup and Multiple Storage Sheds and room for RV's, Boats, Toys, etc.
Back Unit (ADU): Approx. 400 sq ft, featuring 1 bedroom, 3/4 bath, an open kitchen/dining/living layout, plus a loft sleep space above.
Located in RR zoning (Rural Residential), close to schools, county park, shopping, down the street from famous Rainbow Oaks Cafe, freeway access, 10 minutes from Temecula.
Buyer to verify all details, permits, and square footage. Great opportunity for rental income or a full remodel.
Last Agent to Sell the Property
Realty Masters & Associates, I Brokerage Phone: 951-522-0887 License #01323190 Listed on: 04/22/2025
Last Buyer's Agent
Realty Masters & Associates, I Brokerage Phone: 951-522-0887 License #01323190 Listed on: 04/22/2025
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Arriaga Saul Linares | -- | Lawyers Title | |
| Arriaga Saul Linares | $625,000 | Lawyers Title | |
| Jge Investments Llc | $485,000 | Lawyers Title Company | |
| Arter Klara Therese | $340,000 | Fidelity National Title | |
| Zapico Laura B | $180,000 | First American Title |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Arriaga Saul Linares | $425,000 | |
| Previous Owner | Jge Investments Llc | $635,000 | |
| Previous Owner | Arter Klara Therese | $238,000 | |
| Previous Owner | Zapico Laura B | $115,000 |
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/06/2025 05/06/25 | Sold | $625,000 | -10.7% | $391 / Sq Ft | |
| 04/24/2025 04/24/25 | Pending | -- | -- | -- | |
| 04/22/2025 04/22/25 | For Sale | $699,900 | +105.9% | $437 / Sq Ft | |
| 05/29/2020 05/29/20 | Sold | $340,000 | 0.0% | $349 / Sq Ft | View Prior Sale |
| 03/28/2020 03/28/20 | Pending | -- | -- | -- | |
| 03/27/2020 03/27/20 | For Sale | $340,000 | 0.0% | $349 / Sq Ft | |
| 03/25/2020 03/25/20 | For Sale | $340,000 | 0.0% | $349 / Sq Ft | |
| 03/16/2020 03/16/20 | Pending | -- | -- | -- | |
| 03/14/2020 03/14/20 | Off Market | $340,000 | -- | -- | |
| 03/14/2020 03/14/20 | Pending | -- | -- | -- | |
| 02/23/2020 02/23/20 | For Sale | $340,000 | -- | $349 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,837 | $371,833 | $284,345 | $87,488 |
| 2024 | $3,837 | $364,543 | $278,770 | $85,773 |
| 2023 | $3,743 | $357,396 | $273,304 | $84,092 |
| 2022 | $3,691 | $350,390 | $267,946 | $82,444 |
| 2021 | $3,599 | $343,521 | $262,693 | $80,828 |
| 2020 | $2,602 | $243,128 | $135,073 | $108,055 |
| 2019 | $2,556 | $238,362 | $132,425 | $105,937 |
| 2018 | $2,514 | $233,689 | $129,829 | $103,860 |
| 2017 | $2,464 | $229,108 | $127,284 | $101,824 |
| 2016 | $2,333 | $224,617 | $124,789 | $99,828 |
| 2015 | $2,289 | $221,244 | $122,915 | $98,329 |
| 2014 | $2,239 | $216,911 | $120,508 | $96,403 |
A
Seller's Agent in 2025
Adam Sparks
Realty Masters & Associates, I
(951) 522-0887
30 Total Sales
J
Seller's Agent in 2020
Jason Wade
Avant Broker & Associates
(310) 546-6300
1 Total Sale
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SW25087984
APN: 102-420-24