Fallbrook homes
For sale234 days on market
$699,000

6133 Rainbow Heights Rd, Fallbrook, CA 92028

2
Beds
1
Baths
1,826
Sq ft
$383
Per sq ft

About this home

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.

Type
Single Family Residence
Year built
1970
Lot
185,130 sq ft (4.25 ac)
Garage
3 car
HOA
None
Pool
No
View
Mountain(s)
Solar
—
Estimated payment
$4,408/mo
  • Principal & interest$3,535
  • Property tax (est.)$670
  • Home insurance (est.)$204

Example only, not a loan offer. Rate is a placeholder; ask a lender for today's. Taxes vary by neighborhood (Mello-Roos).

Listing provided courtesy of Karla Mexia, eXp Realty of California, Inc.. MLS# 260005804SD. Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2026 at 7:26 AM Pacific. Information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use to identify prospective properties they may be interested in purchasing. Coldwell Banker Associated Brokers Realty, CA DRE #00939614.

Similar homes in Fallbrook