
Fallbrook, California 92028
This Multi-Parcel Development Opportunity is listed at $749,000, representing a strategic assembly of three contiguous lots totaling 42,318 sq ft in central Fallbrook. While the $610,995 Fair Market Value reflects the existing structure's Condition Score of 5, the property’s VR-15 Zoning and Significant Development Potential offer substantial long-term upside for high-density residential units. Featuring dual street access and elevated neighborhood views, this Value-Add Asset is a high-reward acquisition for Developers or Cash Investors looking to capitalize on the Fallbrook Union district's growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 210 S. Orange Subject | $749,000* List Price | 3 | 2 | 1,766 | $346 | - |
A 503 Potter Sold | $715,000 | 4 | 3 | 1,641 | $436 | 0.4 mi |
B 1206 Old Stage Road Sold | $675,000 | 3 | 2 | 1,399 | $482 | 0.7 mi |
C 741 Rossiter Lane Sold | $700,000 | 3 | 2 | 1,510 | $464 | 0.3 mi |
D 710 Ceramic Ln Sold | $685,000 | 3 | 2 | 1,379 | $497 | 0.5 mi |
E 903 Crescent Bend Active | $695,000 List Price | 3 | 2 | 1,656 | $420 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1955, the property is explicitly described as requiring extensive work and containing unpermitted additions, making it best suited for a cash buyer or developer. Interior images reveal significant age-related wear, including dated wood paneling, worn carpeting, drop ceilings, and an original-style kitchen with aged cabinetry and laminate counters. The presence of mini-split units suggests the primary HVAC system may be inadequate, and the overall condition necessitates substantial rehabilitation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9205, living area = 1766.
The inclusion of three contiguous parcels totaling approximately 42,318 sq ft with VR-15 zoning offers a rare opportunity for high-density residential development or multiple units in central Fallbrook.
With accessibility from both S Orange St and Fig St, the property provides exceptional flexibility for site planning, construction logistics, and future residential configurations.
The existing 1955 structure requires extensive work and contains unpermitted additions, likely limiting the buyer pool to cash investors and requiring substantial upfront capital for remediation.
Managing three separate APNs and verifying zoning, permits, and utility access with San Diego County presents a complex and potentially time-consuming hurdle for developers.
Now Offered with Additional Land! – Three Contiguous Parcels Combined into One Unique Opportunity in Central Fallbrook. Now including two additional legal parcels, this offering expands beyond the original homesite to a combined total of approximately 42,318 sq ft across three separate APNs (APN#103-243-02-00, APN#103-243-07-00, APN#103-243-08-00) —opening the door to a broader range of possibilities. The existing 3-bedroom, 2-bath home sits on an approximately 9,205 sq ft lot and presents a clear value-add opportunity through renovation or redevelopment. The property requires extensive work and is best suited for a cash buyer due to its condition and unpermitted additions. Directly behind the home, a second parcel of approximately 13,566 sq ft provides additional usable space, while the upper parcel of approximately 19,547 sq ft offers elevated positioning with expansive views. All three parcels are contiguous and accessible via S Orange St and Fig St, creating flexibility for future planning and potential development. Zoned RU (Urban Residential) with a General Plan designation of Village Residential (VR-15), this combined offering may support a range of residential uses, including the potential for multiple units or configurations (buyer to verify all zoning, permits, access, and development potential with San Diego County). A rare opportunity to acquire multiple parcels in an established Fallbrook neighborhood with ongoing demand and long-term upside.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 28% |
| Square foot | 1,766 | 2,414 | 26% |
| Lot Size | 9,205 | 30,492 | 35% |
| Price | $749.0K | $929.5K | 22% |
| Price per sq ft | $424 | $417 | 55% |
| Built year | 1955 | 1991 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 181 | 9% |
Apr 15, 2026
$749,000
$599,000
+25% Price Increase
Initial Listing
Mar 19, 2026
$599,000
Initial Listing