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.
Sold for $750,000
Listing Provided by: Peace Castle Properties
Bought with: Premier Agency R.E. Inc
$750,000
2005-07 Camino Rainbow, Fallbrook, CA 92028
4beds
1,920sqft
Duplex
Built in 1970
0.59 Acres Lot
$750,800 Zestimate®
$391/sqft
$2,134 Estimated rent
Home value
$750,800
$698,000 - $811,000
$2,134/mo
Zestimate® history
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$4,745/mo
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Out buildingsFenced front yards
Zillow last checked:
Listing updated:
Listing Provided by:
Eric Fredenburg DRE #01880547 admin@peacecastlepm.com,
Peace Castle Properties
Bought with:
Erick Ciprian, DRE #01826437
Premier Agency R.E. Inc
Source: CRMLS,MLS#: NDP2508494
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Cooling
- None
Appliances
- Laundry: Washer Hookup, Gas Dryer Hookup
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total interior livable area: 1,920 sqft
Property
Features
- Levels: One
- Stories: 1
- Entry location: Living Room
- Pool features: None
- Has view: Yes
- View description: None
Lot
- Size: 0.59 Acres
Details
- Parcel number: 1026305100
- Zoning: R-1:SINGLE FAM-RES
- Special conditions: Trust
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Duplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: Engineered Septic
Community & neighborhood
Community
- Community features: Rural
Location
- Region: Fallbrook
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 6/12/2026 | Sold | $750,000+7.3%$391/sqft |
Source:  CRMLS #NDP2508494 Report a problem | ||
| 5/7/2026 | Pending sale | $699,000$364/sqft |
Source: CRMLS #NDP2508940 Report a problem | ||
| 4/22/2026 | Listed for sale | $699,000$364/sqft |
Source: CRMLS #NDP2508494 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,618 +1.6% | $248,332 +2% |
| 2024 | $2,577 +2.5% | $243,464 +2% |
| 2023 | $2,514 +1.4% | $238,691 +2% |
| 2022 | $2,478 +2.7% | $234,012 +2% |
| 2021 | $2,413 -0.4% | $229,424 +1% |
| 2020 | $2,424 +3.8% | $227,073 +2% |
| 2019 | $2,335 -0.2% | $222,621 +2% |
| 2018 | $2,339 +2% | $218,257 +2% |
| 2017 | $2,292 +2.4% | $213,979 +2% |
| 2016 | $2,238 +1.6% | $209,784 +1.5% |
| 2015 | $2,203 +2.2% | $206,634 +2% |
| 2014 | $2,156 | $202,587 +0.5% |
| 2013 | -- | $201,672 +2% |
| 2012 | -- | $197,719 +2% |
| 2011 | -- | $193,843 +0.8% |
| 2010 | -- | $192,395 -0.2% |
| 2009 | -- | $192,853 +2% |
| 2008 | -- | $189,072 |
Find assessor info on the county website
Neighborhood: 92028
Nearby schools
GreatSchools rating
- 6/10Vallecitos Elementary SchoolGrades: K-8Distance: 0.3 mi
- 6/10Fallbrook High SchoolGrades: 9-12Distance: 6.9 mi
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Estimated market value
$750,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$750,800
- California
- San Diego County
- Fallbrook
- 92028
- 2005-07 Camino Rainbow
Nearby cities
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