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. 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. The grounds offer extensive parking, two legal access points, a sea container for storage, and full perimeter fencing. Whether you envision a commercial hub, a family farm, or a live-work compound, this property delivers the space, infrastructure, and flexibility to bring your plans to life.
For sale
$999,000
5461 Rainbow Creek Rd, Fallbrook, CA 92028
4beds
2,000sqft
Est.:
Single Family Residence
Built in 1950
3.25 Acres Lot
$613,800 Zestimate®
$500/sqft
$-- HOA
What's special
Full perimeter fencingExpansive great roomSea container for storageTwo legal access pointsExtensive parkingDedicated conference room
- 1 day |
- 182 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: 20 hours ago
Listed by:
Glen E Brush DRE #01248553 760-807-9984,
Brush Realty
Source: SDMLS,MLS#: 260007159
Originating MLS: San Diego Association of REALTOR
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Forced Air Unit
Cooling
- Central Forced Air
Appliances
- Included: N/K, Electric Water Heater
- Laundry: None Known
Features
- Cathedral-Vaulted Ceiling
- Flooring: Laminate
Interior area
- Total structure area: 2,000
- Total interior livable area: 2,000 sqft
Property
Parking
- Total spaces: 20
- Parking features: Gated
Accessibility
- Accessibility features: 2+ Access Exits
Features
- Levels: 1 Story
- Patio & porch: Patio Open, Slab
- Pool features: N/K
- Fencing: Full
Lot
- Size: 3.25 Acres
Details
- Additional structures: Shed
- Parcel number: 10224007,08,09
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- Stucco, Wood
- Roof: Composition,Shingle
Condition
- Additions/Alterations
- Year built: 1950
Utilities & green energy
- Sewer: Septic Installed
- Water: Meter on Property
- Utilities for property: Electricity Connected, Propane, Water Connected
Community & HOA
Community
- Subdivision: FALLBROOK
Location
- Region: Fallbrook
Financial & listing details
- Price per square foot: $500/sqft
- Tax assessed value: $526,090
- Annual tax amount: $5,508
- Date on market: 3/22/2026
- Listing terms: Cash,Conventional,Lease Option
- Electric utility on property: Yes
Estimated market value
$613,800
$497,000 - $737,000
$2,920/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/22/2026 | Listed for sale | $999,000+640%$500/sqft |
Source: | ||
| 11/6/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 10/6/2022 | Listed for rent | $7,000$4/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 6/8/2000 | Sold | $135,000$68/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,508 +1.8% | $526,090 +2% |
| 2024 | $5,409 +2.5% | $515,775 +2% |
| 2023 | $5,278 +1.4% | $505,663 +2% |
| 2022 | $5,204 +17.3% | $495,749 +16.6% |
| 2021 | $4,436 +7.3% | $425,000 +9% |
| 2020 | $4,134 +3.7% | $390,000 +2.6% |
| 2019 | $3,985 +7% | $380,000 +8.6% |
| 2018 | $3,726 +3% | $350,000 +2.9% |
| 2017 | $3,619 +6.6% | $340,000 +6.3% |
| 2016 | $3,395 +18.3% | $320,000 +18.5% |
| 2015 | $2,869 +8.1% | $270,000 +8% |
| 2014 | $2,654 | $250,000 +23.8% |
| 2013 | -- | $202,000 |
| 2012 | -- | $202,000 -12.2% |
| 2011 | -- | $230,000 +35.3% |
| 2010 | -- | $170,000 -51.4% |
| 2009 | -- | $350,000 -12.6% |
| 2008 | -- | $400,554 +2% |
| 2007 | -- | $392,700 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$6,049/mo
Principal & interest
$5075
Property taxes
$974
More affordability tools
Climate risks
Neighborhood: 92028
Nearby schools
GreatSchools rating
- 6/10Vallecitos Elementary SchoolGrades: K-8Distance: 0.6 mi
- 6/10Fallbrook High SchoolGrades: 9-12Distance: 7.5 mi
Local experts in 92028
- California
- San Diego County
- Fallbrook
- 92028
- 5461 Rainbow Creek Rd



