
Fallbrook, California 92028
This Investor-focused Value-Add Property is listed at $799,000, positioned above the $705,294 Fair Market Value. While the price reflects a premium, local comparable sales of $809,000 for similar acreage validate the area's demand. The property features a 2.16-Acre Usable Lot and a Condition Rating of 5, requiring a total gut-rehab. With Mountain Views and access to the top-rated Bonsall Elementary School, the site offers rare flexibility for a custom estate. This is a high-upside acquisition for Fix-and-Flip Investors or Contractors looking to capitalize on Fallbrook’s rural appeal.
Property is extensive renovation needed.
Built in 1973 (53 years old) with no evidence of prior renovations. The listing explicitly states the home requires a full remodel and is being sold AS-IS. Interior images show an original 1970s kitchen, missing flooring throughout, and significant wall damage, indicating a need for a complete gut-rehab of all systems and finishes.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 94089, living area = 1760.
The property features 2.16 acres of scenic, usable land, offering rare privacy and significant flexibility for equestrian use, agriculture, or the development of a custom estate.
Ideally situated under 10 minutes from both I-15 and Highway 76, this location provides a tranquil rural lifestyle while maintaining excellent accessibility to major transit corridors.
The home is sold in 'as-is' condition and requires a complete remodel, which will necessitate significant upfront capital and a lengthy project timeline.
Built in 1973, the property likely requires modernization of major systems such as electrical, plumbing, and HVAC to meet contemporary standards and buyer expectations.
Investor Opportunity on Usable Acreage in Fallbrook’s Rolling Countryside. Situated on 2.16 acres of scenic, usable land, this 3-bedroom, 2-bath home offers 1,760 sq ft of potential in one of Fallbrook’s most desirable rural settings. Complete with an attached 2-car garage, the property is being sold AS-IS and requires a full remodel—presenting an exceptional opportunity for investors, builders, or buyers looking to design and create a custom residence tailored to their vision. Set among the peaceful backdrop of rolling hills, citrus groves, and estate properties, the expansive lot offers space, privacy, and flexibility for a variety of future uses. Whether you're envisioning a private retreat, renovation project, or long-term investment, the possibilities here are substantial. Conveniently located approximately 15 minutes to downtown Fallbrook and under 10 minutes to both I-15 and Highway 76, the property combines a tranquil, country feel with easy access to nearby amenities. Enjoy close proximity to local wineries, golf courses, hiking and equestrian trails, and a vibrant community known for events like the annual Fallbrook Avocado Festival and weekly farmers markets. Opportunities with this much usable land and upside potential in a prime Fallbrook location are increasingly rare. Bring your vision and unlock the full potential of this unique property.
No exterior & parking available.
Grades K-6 • 2.5 mi
Grades K-6 • 4.7 mi
Grades K-5 • 5.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 31% |
| Square foot | 1,760 | 2,341 | 26% |
| Lot Size | 94,089.602 | 25,264.801 | 78% |
| Price | $799.0K | $910.0K | 29% |
| Price per sq ft | $454 | $418 | 69% |
| Built year | 1973 | 1992 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 142 | 9% |
May 5, 2026
$799,000
Initial Listing