Movoto Real Estate
  • Other
  • Exterior
  • View/Area
  • Entry Way
  • Kitchen
  • Living
  • Bath
  • Bedroom
  • Animated home icon 3D tour

2005 Camino Rainbow, Fallbrook, CA 92028

$1,150,000
•
  • —

    bed

  • —

    bath

Multi-family for sale 47 days

About 2005 Camino Rainbow

Property type Multi-family
Year built 1970
HOA fee $0/month
Lot size 1,920 Sqft
Movoto estimate
Rental estimate
Property description
Beautifully renovated duplex situated on a spacious lot in the desirable Rainbow/Fallbrook community, offering an exceptional opportunity for investors, owner-occupants, or multigenerational living. Both residences have undergone extensive renovations with thoughtful updates throughout, creating a clean, modern, turnkey property that reflects exceptional pride of ownership. Improvements include new flooring, windows, upgraded kitchens with modern countertops and custom islands, remodeled bathrooms, updated fixtures, sinks, faucets, tile work, recessed lighting, Wi-Fi-enabled mini-split heating and cooling systems, smart-home features, landscaping, fencing, and independent updated electrical panels for each residence. Each unit offers comfortable and functional living spaces with modern finishes throughout. The expansive lot has been improved and graded, providing generous outdoor space and exciting possibilities for future expansion. The property may offer potential for adding an ADU and Junior ADU, creating an opportunity for additional living space, multigenerational use, or future rental income. Additional possibilities may include ranch or equestrian use, hobby farming, or other improvements. All future development and uses are subject to applicable County requirements, zoning, permits, and buyer verification. Conveniently located just minutes from Interstate 15, the property offers the privacy and space of country living while maintaining easy access to Fallbrook, Temecula, and surrounding North County communities. A rare opportunity to own a beautifully remodeled, income-producing two-home property offering modern amenities, usable land, flexibility, and exciting future potential. Live in one and rent the other, create a multigenerational compound, explore the potential for an ADU and JR ADU, or add this unique property to your investment portfolio.
Listed by
Listing Agent - Erick Ciprian
Listing Agent Contact: Ciprianhomes@gmail.com
Listing Office - Premier Agency R.E. Inc
Source: CRMLS mls logo
MLS#PTP2607291 • last updated 1 month ago
Movoto checked CRMLS for data 4 minutes ago
Request a virtual or in-person tour
Overview
Type Residential Income
SubType Duplex
Virtual Tour External Link
Status Active
Lot Size (Acres) 0.0441
Lot Size (SqFt) 1920
Year Built 1970
Interior
Laundry In Closet
Appliances Microwave, Refrigerator, Gas Range, Gas Oven
Exterior
Construction Frame, Hardboard
Building Area Square Feet, 1920
# Uncovered Spaces 6
# Parking Spaces 6
Lot Description 0-1 Unit/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Pool None
Location
County San Diego
Community Features Curbs, Rural, Foothills, Sidewalks
Neighborhood Rainbow
Zoning R-1
Directions GPS
APN 1026305100
Multifamily Details
Operating Expense 3500
Cap Rate 5.38
Gross Income 65400
Gross Scheduled Income 65400
Tour this home
When would you like to see 2005 Camino Rainbow?
question
Have a question about this property? Call us at (844) 430-0869
6/10
Source: GreatSchools.org © 2026. All rights reserved.

Around the neighborhood

Explore everything this neighborhood has to offer.
14/100
Walk
85/100
Family
40/100
Dining
72/100
Pet
  • Real Estate
  • CA
  • San Diego County
  • Fallbrook
  • 92028
  • 2005 Camino Rainbow

My commute

Enter a destination to see travel time and distance.
By entering my info and clicking Ask a Question, I am providing my e-signature and express written consent to receive marketing emails, calls, and texts (including via automatic telephone dialing systems, AI generative, artificial or pre-recorded voice technology) relating to my inquiry from Movoto (and parties calling/messaging on their behalf) even if my number appears on the company, state, or national Do Not Call Registry. You also agree to ourTerms and Conditions and Privacy Policy. Consent not required to receive services (call 1-844-420-1270 to be connected without providing consent).

Nearby homes for sale in Fallbrook, CA

Nearby recently sold homes in Fallbrook, CA

Newest listings in 92028

Meet with a real estate agent today (844) 430-0869
The multiple listing information is provided by CRMLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information updated every 15 minutes. Terms of use & Privacy Policy, California Privacy Info. Copyright © 2005 - 2026 Movoto, Inc. All rights reserved. Equal Housing Opportunity CalDRE CalDRE #01517281
Movoto Real Estate is committed to ensuring accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone. We welcome feedback and accommodation requests, please submit them here.
CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/12/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Requests for information regarding mortgage products will be directed to Movoto.com affiliate, Lower, LLC - a licensed Mortgage Lender (NMLS #1124061), or, based on your location, may be redirected to a participating mortgage marketing partner that may pay Lower, LLC for any consumer contact information provided through this site.