Skip main navigation
For sale
  • $999,000

    5461 Rainbow Creek Rd, Fallbrook, CA 92028

    4beds
    2,000sqft
    : Get pre-qualified
    Single Family Residence
    Built in 1950
    3.25 Acres Lot
    $961,100 Zestimate®
    $500/sqft
    $-- HOA

    What's special

    Full perimeter fencingExpansive great roomSea container for storageTwo legal access pointsExtensive parkingDedicated conference room
    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.
    68 days
    |
    626
    |
    19
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Glen E Brush DRE #01248553 760-807-9984,

    Brush Realty

    Source: SDMLS,MLS#: 260007159MLS LogoOriginating 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
      Video & virtual tour

      Property

      Parking
      • Total spaces: 20
      • Parking features: Gated
      Accessibility
      • Accessibility features: 2+ Access Exits
      Features
      • Levels: 1 Story
      • Patio & porch: Slab, Patio Open
      • 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
      Get pre-qualifiedBe ready to make an offer.
      Connect with an agentGet info on this home, tour, and more.
      Calculate monthly paymentSee if you can afford this home.

        Estimated market value

        $961,100

        $913,000 - $1.01M

        $3,289/mo

        Price history

        DateEventPrice
        3/22/2026Listed for sale$999,000+640%$500/sqft
        Source: SDMLS #260006735 Report a problem
        11/6/2022Listing removed--
        Source: Zillow Rental Manager Report a problem
        10/6/2022Listed for rent$7,000$4/sqft
        Source: Zillow Rental Manager Report a problem
        6/8/2000Sold$135,000$68/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

        Monthly payment

        Est. payment

          Payment breakdown

          Explore the cost of this home by adjusting the details. Changes won't be saved.
          All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
          See how much you could borrow to make a competitive offer.

          Climate risks

          Neighborhood: 92028

          Getting around

          11 / 100
          Car-Dependent
          26 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

          A local agent can set up tours, give advice and negotiate with sellers.

          Browse local experts

          Similar homes

          Skip to the end of the carouselSkip to the beginning of the carousel
              • Local buyer's agents are ready to help