2005-07 Camino Rainbow

Fallbrook, CA 92028

$699,000
Price
4
Beds
1,920 Sq. Ft.
$364 / Sq. Ft.
1,920
Sq. Ft.
$364
per Sq. Ft.
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Pending
Pending
a view of a house with a tree
a front view of a house with a yard
a view of a yard with wooden fence
a view of a house with snow on the road
a backyard of a house with lots of green space
a backyard of a house with table and chairs
a kitchen with a stove top oven cabinets and stainless steel appliances
a kitchen with a stove top oven cabinetry and a refrigerator
a kitchen with granite countertop a sink and a window
a kitchen with granite countertop a refrigerator a stove and a sink
an empty room with a window
a view of a storage & utility room
an empty room with a window
a bathroom with a sink a toilet and mirror
a bathroom with a bathtub and a shower
a bathroom with a sink a toilet and mirror
a white toilet sitting next to a bathroom sink and a mirror
a view of an empty room and a window
a view of a room with a sink
an empty room with a window
a bathroom with a sink and a mirror
a utility room with dryer and washer
a kitchen with a sink and a stove
a view of an empty room
a view of house with trees in the background
a front view of a house with garden
a backyard of a house with table and chairs
a view of a backyard with a garden
a view of an empty room and window
a view of an empty room
a kitchen with granite countertop white cabinets and white appliances
a kitchen with granite countertop a stove sink and cabinets
a kitchen with granite countertop white cabinets and a sink
a kitchen with a sink and cabinets
a view of room
an empty room with a window
a view of a hallway
a bathroom with a sink a toilet a tub and shower
a bathroom with a white toilet sitting next to a bathroom sink and a mirror
a bathroom with a sink a toilet and bathtub
an empty room with windows
a view of an empty room and a window
a view of a yard with a tree
a view of a house with a tree in front
a backyard of a house with lots of green space
a view of outdoor space with playground
a view of a park with swings
a view of a outdoor space with mountain view
a view of a house with wooden fence
a view of a house with a yard

Description

Opportunity has arrived! Quaint Duplex is Rural Fallbrook Community of Rainbow, CA. Both Units are Tenant Occupied to Provide Immediate Rental Income or Live in One and Rent the Other for More Opportunity to Enjoy Rental Income and Your Very Own Slice of County Peace. Each Unit has Fenced Front Yards and the North Unit has a Large Fenced Back Yard. South Unit has Access to the Remaining Section of the Large Flat Lot with Various Fruit and Citrus Trees Bordering the Property. Two Out Buildings Provide...Opportunity has arrived! Quaint Duplex is Rural Fallbrook Community of Rainbow, CA. Both Units are Tenant Occupied to Provide Immediate Rental Income or Live in One and Rent the Other for More Opportunity to Enjoy Rental Income and Your Very Own Slice of County Peace. Each Unit has Fenced Front Yards and the North Unit has a Large Fenced Back Yard. South Unit has Access to the Remaining Section of the Large Flat Lot with Various Fruit and Citrus Trees Bordering the Property. Two Out Buildings Provide Storage and a Rustic County Feel. Each Unit is a 2 Bedroom, 1 Bathroom, Approximately 960 Sq Ft Situated on a 0.59 Acre Parcel Serviced by an Advanced Treatment Septic System. Come Visit and You Will Want to Make this Special Slice of Rainbow your Pot of Gold.
  1. Listed by Eric Fredenburg • DRE #01880547 • Brokerage DRE #02073448 • Peace Castle Properties • admin@peacecastlepm.com

Property Details for 2005-07 Camino Rainbow

View
None
Parking Spaces Total
0
Private Pool
No
Cooling Type
None
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
1920
LISTING UPDATED: 05/07/2026 09:38 AM

Property Details for 2005-07 Camino Rainbow

StatusPending
MLS #NDP2508494
Days on Market38
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential
Year Built1970
Lot Size0.59 AC / 25,700 SF
CountySan Diego County
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Location

Listing Courtesy of Peace Castle Properties, Eric Fredenburg, DRE #01880547
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Building Information for 2005-07 Camino Rainbow

Stories1Residences-Year Built1970Building Size-Lot Size0.59 AC / 25,700 SF

Payment Calculator

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$3,483 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,483

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 2005-07 Camino Rainbow

Income / Expense / Tax Details
Income Details
  • Gross Income: $54,000
  • Gross Scheduled Income: $54,000
  • Net Operating Income: $24,795
  • Cap Rate: 3.54
Expense Details
  • Operating Expense: $29,205
  • New Taxes Expense: $8,737
  • Insurance Expense: $3,700
  • Trash Expense: $1,704
  • Water Sewer Expense: $3,288
  • Total Expenses: $17,429
Tax / Assessment Info
  • Tax Tract Number: 000880
  • Tax Lot: 102-630-51-00
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Rural
  • Number Of Units In Community: 2
Property / Structure Info
Interior Features
  • Room Type: Kitchen, Living Room
  • Laundry: Yes
Exterior Features
  • Entry Location: Living Room
  • Fence: No
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: Lot 20000-39999 Sqft
  • Lease Considered: No
  • Number Of Units: 2
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Sprinklers: No
  • Levels: One
  • Sewer: Engineered Septic
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,250
  • Unit Type Total Rent: $2,250
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 2005-07 Camino Rainbow

DateEvent & SourcePriceAppreciation
May 6, 2026

Pending

CRMLS #NDP2508940

—
May 1, 2026

Pending

SDMLS #NDP2508940

—
May 1, 2026

Pending

CLAW #NDP2508940MR

—
DateEvent & SourcePrice
05/06/2026

Pending

CRMLS #NDP2508940

—
05/01/2026

Pending

SDMLS #NDP2508940

—
05/01/2026

Pending

CLAW #NDP2508940MR

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 2005-07 Camino Rainbow

This home is within Vallecitos Elementary School District.
Rating
School
Type
Grades
Distance
Vallecitos Elementary School
Public - K to 8
Fallbrook High School
Public - 9 to 12
Ivy High (Continuation) School
Public - 9 to 12
Oasis High (Alternative) School
Public - 9 to 12
Rating
School
Distance
Vallecitos Elementary School
PublicK to 8

Fallbrook High School
Public9 to 12

Ivy High (Continuation) School
Public9 to 12

Oasis High (Alternative) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Peace Castle Properties, Eric Fredenburg, DRE #01880547

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by SDMLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 SDMLS®, Inc.