1050 Rice Canyon Rd, Fallbrook, California 92028, Fallbrook, 92028 - 5 bed, 6 bath

1050 Rice Canyon Rd
Fallbrook, California 92028
Property Price
SUMMARY
Analysis of 1050 Rice Canyon Rd, Fallbrook, California 92028 is currently available with a list price of $1,600,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Fallbrook Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1982, this expansive 7,201 sqft residence is explicitly marketed as needing 'a lot of TLC' and being sold in 'AS IS' condition. The property likely retains original 1980s-era kitchen appliances, cabinetry, and bathroom fixtures which, given the scale of the home, require substantial rehabilitation and modernization. The description of the property as a 'legacy' or 'horse ranch' project, combined with the 'priced accordingly' note, indicates significant deferred maintenance and the need for major system overhauls rather than minor cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Expansive Acreage and Privacy
The sale includes three parcels totaling over 45 acres, offering a rare opportunity for a private legacy estate, horse ranch, or compound with unparalleled seclusion.
- Exceptional 360-Degree Views
Perched at the highest point of the property, the home features incredible panoramic views and an open, airy design with exterior exit doors from every room.
- Significant Multi-Unit Potential
The property includes a massive 7,201 sqft main residence plus two detached ADUs, providing versatile options for multi-generational living or guest accommodations.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Needed
The residence requires a significant amount of TLC and modernization to reach its full potential, which will necessitate a substantial additional budget for repairs.
- As-Is Sale Condition
Sold in as-is condition, the property may present challenges for standard financing and requires the buyer to conduct comprehensive inspections to uncover potential structural or systemic issues.
About 1050 Rice Canyon Rd
2 Additional parcels 108-320-26-00 and 108-320-14-00 included in sale. One of a kind home on 45+ acres. This large and expansive home sits at the highest point of the property and has 360 degree views that are INCREDIBLE! There are exit doors from every room in the home which provide open and airy living. The possibilities are endless. Set up your own private paradise...legacy property...horse ranch etc. You have 3 downstairs bedrooms with 2 being dual primaries and one even has it's own sauna. 1 additional bedroom off the kitchen and 2 large bedrooms upstairs. So many unique rooms and areas. Kitchen has 2 walk in pantry's with one having a dumbwaiter that goes down into the garage. There are 2 ADU's on the property that are not connected to the main house. This home is in need of a lot of TLC and is priced accordingly. Property is being sold AS IS. Owner suggests and will cooporate with any and all inspections buyers would want to carry out. Buyer to verify all facts and information prior to close of escrow.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1982
- Lot Size
- -
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 6 (6 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 87% |
| Baths | 6.0 | 3.0 | 95% |
| Square foot | 7,201 | 2,285 | 100% |
| Lot Size | - | 26,571.5 | 11% |
| Price | $1.60M | $917.5K | 92% |
| Price per sq ft | $222 | $422 | 1% |
| Built year | 1982 | 1991 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 178 | 5% |
Pricing History
Listed for Sale
Mar 5, 2026
$1,600,000
Initial Listing



















































