
Fallbrook, California 92028
This Versatile Multi-Unit Property represents a Strong Value Opportunity, listed at $1,100,000—positioned well below the $1,141,145 Fair Market Value by 3%. This valuation gap provides $41,145 in Instant Equity. Featuring a Mint Condition Rating with high-end renovations, solar, and a separate guest house, the home offers dual-living flexibility on a massive 33,541 sqft lot. With scenic hill views and proximity to Fallbrook Union schools, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking rental income potential.
Property is new construction or fully renovated.
Despite the 1947 original build date, the property has undergone extensive high-end renovations that appear to be less than 5 years old. The kitchen is fully modernized with shaker-style cabinetry, stone countertops, and updated appliances. Bathrooms feature contemporary tile work and fixtures. The home is in mint condition with updated flooring, recessed lighting, and the addition of solar, requiring no immediate maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 33541, living area = 3079.
The property offers exceptional flexibility with a main home designed for dual living quarters and a completely separate guest house, making it ideal for multi-generational families or rental income potential.
This home seamlessly blends classic 1947 charm with modern efficiency, featuring beautiful interior updates and an included solar system to significantly reduce utility costs.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3079, other record living area = 2849.
Originally constructed in 1947, the property may require more frequent maintenance or further modernization of core systems compared to newer builds.
While the property is served by the Fallbrook Union district, several of the closest assigned schools have average ratings, which may be a consideration for families prioritizing top-tier education.
Fallbrook charm with front porch entry combined with beautiful updates and separate guest house. Home sits back off the street with circular driveway and lots of parking along with an assortment of fruit trees. The main home could be ideal for 2 separate living quarters with each having 2 bedrooms and each having individual entrances. The guest house with porch feels private from the main home and even has it's own laundry hook up. Includes solar.
No exterior & parking available.
Grades K-6 • 1.7 mi
Grades K-6 • 2.6 mi
Grades K-6 • 3.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 3,079 | 2,169 |
| Lot Size | 33,541.199 | 47,480.4 |
| Price | $1.10M | $917.5K |
| Price per sq ft | $357 | $426 |
| Built year | 1947 | 1991 |
| HOA | $0 | $176 |
| Days on market | 20 | 60 |
Jul 2, 2026
$1,100,000
Initial Listing