5461 Rainbow Creek Rd Fallbrook, CA 92028
Estimated payment $5,711/month
Highlights
- Horse Property Unimproved
- Gated Parking
- Cathedral Ceiling
- RV Access or Parking
- Contemporary Architecture
- Slab Porch or Patio
About This Home
A Rare Multi-Use Opportunity Minutes From the I-15 Corridor: This unique property offers exceptional flexibility for commercial operations, residential living, or a blend of both. Ideally located just minutes from the I-15 transportation corridor, it provides convenient access while maintaining privacy and space on over 3 acres. The primary structure was previously used as the office headquarters for a construction company and features an expansive great room that can easily be reimagined as a traditional living room and kitchen. Its current configuration includes 5–6 private offices—each readily convertible to bedrooms—along with a dedicated conference room, making the layout adaptable to a wide range of needs.
Home Details
Home Type
- Single Family
Year Built
- Built in 1950
Home Design
- Contemporary Architecture
- Additions or Alterations
- Shingle Roof
- Composition Roof
- Wood Siding
- Stucco
Interior Spaces
- 4 Bedrooms
- 2,000 Sq Ft Home
- 1-Story Property
- Cathedral Ceiling
- Family Room
- Dining Area
- Storage Room
- Laminate Flooring
Parking
- 20 Parking Spaces
- Gated Parking
- RV Access or Parking
Outdoor Features
- Slab Porch or Patio
- Shed
- Outbuilding
Utilities
- Forced Air Heating and Cooling System
- Propane
- Electric Water Heater
- Satellite Dish
Additional Features
- More Than Two Accessible Exits
- Property is Fully Fenced
- Horse Property Unimproved
Community Details
- Fallbrook Subdivision
Map
Tax History
| 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 | $5,409 | $526,090 | $409,941 | $116,149 |
| 2024 | $5,409 | $515,775 | $401,903 | $113,872 |
| 2023 | $5,278 | $505,663 | $394,023 | $111,640 |
| 2022 | $5,204 | $495,749 | $386,298 | $109,451 |
| 2021 | $4,436 | $425,000 | $236,000 | $189,000 |
| 2020 | $4,134 | $390,000 | $217,000 | $173,000 |
| 2019 | $4,031 | $380,000 | $212,000 | $168,000 |
| 2018 | $3,726 | $350,000 | $196,000 | $154,000 |
| 2017 | $3,619 | $340,000 | $191,000 | $149,000 |
| 2016 | $3,395 | $320,000 | $180,000 | $140,000 |
| 2015 | $2,869 | $270,000 | $152,000 | $118,000 |
| 2014 | $2,654 | $250,000 | $141,000 | $109,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/22/2026 03/22/26 | For Sale | $999,000 | -- | $500 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $350,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | Pacific Title | |
| Grant Deed | $485,000 | Pacific Title | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $135,000 | First American Title | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $388,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $121,500 | No Value Available |
Source: San Diego MLS
MLS Number: 260007159
APN: 102-240-09
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