Investor Opportunity
Two Homes on One Lot just under an Acre! – Rehab or Rental Income Potential
Amazing value-add opportunity in Fallbrook (Rainbow)! This property includes two separate units on the same lot, ideal for investors, flippers, or DIY buyers.
Main House: Tax records list as 2 bed / 1 bath, but the home is actually 4 bedrooms (Den can be 4th bedroom), 2 bathrooms, approximately 1,600 sq ft. Features include central heat and A/C, fireplace, and patio access. Chicken Coup and Multiple Storage Sheds and room for RV's, Boats, Toys, etc.
Back Unit (ADU): Approx. 400 sq ft, featuring 1 bedroom, 3/4 bath, an open kitchen/dining/living layout, plus a loft sleep space above.
Located in RR zoning (Rural Residential), close to schools, county park, shopping, down the street from famous Rainbow Oaks Cafe, freeway access, 10 minutes from Temecula.
Buyer to verify all details, permits, and square footage. Great opportunity for rental income or a full remodel.
Sold for $625,000 on 05/06/25
Listing Provided by:
Adam Sparks DRE #01323190 951-522-0887,
Realty Masters & Associates, I
Bought with: Realty Masters & Associates, I
$625,000
2244 Huffstatler St, Fallbrook, CA 92028
4beds
1,600sqft
Single Family Residence
Built in 1952
0.72 Acres Lot
$614,000 Zestimate®
$391/sqft
$3,679 Estimated rent
Home value
$614,000
$565,000 - $669,000
$3,679/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 07, 2025 at 04:52pm
Listing Provided by:
Adam Sparks DRE #01323190 951-522-0887,
Realty Masters & Associates, I
Bought with:
Adam Sparks, DRE #01323190
Realty Masters & Associates, I
Source: CRMLS,MLS#: SW25087984
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 4
Heating
- Central, Fireplace(s), Natural Gas, See Remarks
Cooling
- Central Air
Appliances
- Included: Vented Exhaust Fan
- Laundry: Laundry Room
Features
- Beamed Ceilings, Block Walls, Living Room Deck Attached, Open Floorplan, See Remarks, Storage, Bar
- Flooring: Wood
- Windows: Bay Window(s), Stained Glass, Wood Frames
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,600 sqft
Property
Parking
- Parking features: No Driveway, RV Access/Parking, See Remarks
Accessibility
- Accessibility features: See Remarks
Features
- Levels: One
- Stories: 1
- Entry location: Porch
- Patio & porch: Deck, Porch, Screened, See Remarks, Wood
- Exterior features: Kennel
- Pool features: None
- Spa features: None
- Fencing: Block,Barbed Wire,Needs Repair,See Remarks,Wood
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 0.72 Acres
- Features: Front Yard, Gentle Sloping, Lawn, Trees, Yard
Details
- Additional structures: Guest House Detached, Guest House, Shed(s), Storage, Two On A Lot
- Parcel number: 1024202400
- Zoning: RR
- Special conditions: Standard
- Other equipment: Satellite Dish
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: See Remarks
- Roof: Composition,See Remarks
Condition
- Fixer,Repairs Cosmetic,Repairs Major
- New construction: No
- Year built: 1952
Utilities & green energy
- Electric: Electricity - On Property, Unknown
- Sewer: None, Septic Type Unknown
- Water: Public, See Remarks
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, See Remarks, Water Connected, Sewer Not Available
Community & neighborhood
Community
- Community features: Biking, Hiking, Mountainous
Location
- Region: Fallbrook
- Subdivision: Fallbrook
Other
Other facts
- Listing terms: Cash,Contract
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/6/2025 | Sold | $625,000-10.7%$391/sqft |
Source:  CRMLS #SW25087984 | ||
| 4/28/2025 | Pending sale | $699,900$437/sqft |
Source: CRMLS #SW25087984 | ||
| 4/22/2025 | Listed for sale | $699,900+44.3%$437/sqft |
Source: CRMLS #SW25087984 | ||
| 2/18/2025 | Sold | $485,000+42.6%$303/sqft |
Source: Public Record | ||
| 5/29/2020 | Sold | $340,000$213/sqft |
Source:  CRMLS #SB20052949 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,904 +1.8% | $371,833 +2% |
| 2024 | $3,837 +2.5% | $364,543 +2% |
| 2023 | $3,743 +1.4% | $357,396 +2% |
Find assessor info on the county website
Neighborhood: 92028
Nearby schools
GreatSchools rating
- 6/10Vallecitos Elementary SchoolGrades: K-8Distance: 0.2 mi
- 6/10Fallbrook High SchoolGrades: 9-12Distance: 6.8 mi
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Estimated market value
$614,000
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
$614,000