Welcome to 6133 Rainbow Heights Rd, an exceptional 4.25-acre investment opportunity in the sought-after hills of Fallbrook. Zoned Agricultural and offering 360-degree panoramic views, this unique property is perfect for those looking to capitalize on multi-family development, generational living, ADU additions, or flip projects. Featuring two existing fixer units, the lot presents immediate upside for investors or owner-builders. Renovate and resell the existing 2bd 1ba detached home and 1bd 1ba ADU, add units for rental income, or design a custom estate with multiple dwellings, the flexibility is unmatched. With existing utilities on site, the path to development is already in motion. Surrounded by custom homes and tucked in a peaceful setting, this is the kind of property where vision becomes reality. Located in the 92028 zip code and just minutes from downtown Fallbrook, Temecula wine country, and North San Diego County, you’ll enjoy easy access to shopping, dining, and freeways while still savoring rural charm. Whether you're building a multi-generational retreat, creating an income-producing property, or searching for a high-upside flip opportunity, this is a rare find in one of Southern California’s most promising investment pockets.
For sale
$749,900
6133 Rainbow Heights Rd, Fallbrook, CA 92028
2beds
1,826sqft
Est.:
Single Family Residence
Built in 1970
4.25 Acres Lot
$741,600 Zestimate®
$411/sqft
$-- HOA
What's special
Surrounded by custom homesSought-after hills of fallbrook
- 134 days |
- 1,481 |
- 60 |
Zillow last checked: 8 hours ago
Listing updated: September 11, 2025 at 12:08pm
Listed by:
Karla L Mexia DRE #02136510 619-419-6619,
Premier Agency Real Estate Inc.
Source: SDMLS,MLS#: 250034899
Originating MLS: San Diego Association of REALTOR
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Other/Remarks
Cooling
- Other/Remarks
Appliances
- Included: Other/Remarks
- Laundry: Other/Remarks
Features
- Number of fireplaces: 1
- Fireplace features: FP in Living Room
Interior area
- Total structure area: 1,826
- Total interior livable area: 1,826 sqft
Video & virtual tour
Property
Parking
- Total spaces: 7
- Parking features: Attached
- Garage spaces: 3
Features
- Levels: Other/Remarks
- Pool features: N/K
- Fencing: Gate,Other/Remarks
- Has view: Yes
- View description: Evening Lights, Mountains/Hills, Panoramic, Valley/Canyon, Other/Remarks
Lot
- Size: 4.25 Acres
Details
- Additional structures: Other/Remarks
- Parcel number: 1093200400
- Zoning: AGRICULTUR
- Zoning description: AGRICULTUR
- Special conditions: Other/Remarks
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood/Stucco, Other/Remarks
- Roof: Shingle
Condition
- Year built: 1970
Utilities & green energy
- Sewer: Septic Installed, Other/Remarks, Unknown
- Water: Other/Remarks
Community & HOA
Community
- Subdivision: FALLBROOK
Location
- Region: Fallbrook
Financial & listing details
- Price per square foot: $411/sqft
- Tax assessed value: $504,848
- Annual tax amount: $5,517
- Date on market: 7/31/2025
- Listing terms: Cash,Conventional,Other/Remarks
Estimated market value
$741,600
$705,000 - $779,000
$2,935/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 9/8/2025 | Listed for sale | $749,900$411/sqft |
Source: | ||
| 8/19/2025 | Pending sale | $749,900$411/sqft |
Source: | ||
| 7/31/2025 | Listed for sale | $749,900+837.4%$411/sqft |
Source: | ||
| 7/1/2025 | Sold | $80,000$44/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,517 +1% | $504,848 +2% |
| 2024 | $5,464 +2.4% | $494,950 +2% |
| 2023 | $5,338 +1.1% | $485,246 +2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,593/mo
Principal & interest
$3600
Property taxes
$731
Home insurance
$262
Climate risks
Neighborhood: 92028
Nearby schools
GreatSchools rating
- 6/10Vallecitos Elementary SchoolGrades: K-8Distance: 1.5 mi
- 6/10Fallbrook High SchoolGrades: 9-12Distance: 7 mi
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