$1,150,000

2005 Camino Rainbow Fallbrook, CA 92028

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0.04 acres

Residential Income · Duplex · Built 1970 · 20 days on Properkey

Description

Beautifully renovated duplex situated on a spacious lot in the desirable Rainbow/Fallbrook community, offering an exceptional opportunity for investors, owner-occupants, or multigenerational living. Both residences have undergone extensive renovations with thoughtful updates throughout, creating a clean, modern, turnkey property that reflects exceptional pride of ownership. Improvements include new flooring, windows, upgraded kitchens with modern countertops and custom islands, remodeled bathrooms, updated fixtures, sinks, faucets, tile work, recessed lighting, Wi-Fi-enabled mini-split heating and cooling systems, smart-home features, landscaping, fencing, and independent updated electrical panels for each residence. Each unit offers comfortable and functional living spaces with modern finishes throughout. The expansive lot has been improved and graded, providing generous outdoor space and exciting possibilities for future expansion. The property may offer potential for adding an ADU and Junior ADU, creating an opportunity for additional living space, multigenerational use, or future rental income. Additional possibilities may include ranch or equestrian use, hobby farming, or other improvements. All future development and uses are subject to applicable County requirements, zoning, permits, and buyer verification. Conveniently located just minutes from Interstate 15, the property offers the privacy and space of country living while maintaining easy access to Fallbrook, Temecula, and surrounding North County communities. A rare opportunity to own a beautifully remodeled, income-producing two-home property offering modern amenities, usable land, flexibility, and exciting future potential. Live in one and rent the other, create a multigenerational compound, explore the potential for an ADU and JR ADU, or add this unique property to your investment portfolio.

Agent & source

Listed by
Erick Ciprian
Brokerage
Premier Agency R.E. Inc
DRE
#01826437
MLS # PTP2607291 Source CRMLS

Property details

Rooms & Layout

Levels
1 story
Laundry
Laundry Closet

Property Features

Lot features
0-1 Unit/Acre
Community
  • Curbs
  • Rural
  • Foothills
  • Sidewalks

Building & Construction

Construction Materials
Frame, Hardboard

Exterior & Parking

Common Walls
1 Common Wall

Interior & Comfort

Cooling
Central Air, ENERGY STAR Qualified Equipment

Appliances & Equipment

  • Microwave
  • Refrigerator
  • Gas Range
  • Gas Oven

Utilities

Sewer
Public Sewer

Nearby

Active Pending Closed Rental

School information not available for this property.

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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-16 07:55:10 PST. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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