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For sale
  • $875,000

    5461 Rainbow Creek Rd, Fallbrook, CA 92028

    4beds
    2,000sqft
    : 
    $5,884/mo
    Get pre-qualified
    Single Family Residence
    Built in 1950
    3.25 Acres Lot
    $851,600 Zestimate®
    $438/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.
    42 days
    1,126
    55

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

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

    Brush Realty

    Source: SDMLS,MLS#: 260018939MLS LogoOriginating MLS: SDMLS

      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: 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: $438/sqft
      • Tax assessed value: $536,610
      • Date on market: 8/3/2026
      • Listing terms: Cash,Conventional,Lease Option
      • Electric utility on property: Yes

        Estimated market value

        $851,600

        $809,000 - $894,000

        $3,454/mo

        Price history

        DateEventPrice
        8/3/2026Listed for sale$875,000-12.4%$438/sqft
        Source: SDMLS #260018939 Report a problem
        6/30/2026Listing removed$999,000$500/sqft
        Source: SDMLS #260006735 Report a problem
        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
        2026-- $536,610 +2%
        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

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        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.
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        Climate risks

        Neighborhood: 92028

        Getting around

        11 / 100
        Car-Dependent
        26 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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