38149 De Luz Rd, Fallbrook, California 92028, Fallbrook, 92028 - 3 bed, 4 bath

38149 De Luz Rd
Fallbrook, California 92028
Property Price
SUMMARY
Analysis of 38149 De Luz Rd, Fallbrook, California 92028 is currently available with a list price of $3,795,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Built in 2018, this property is well within the 10-year threshold for an excellent rating. The main 3,000 sqft structure features high-end modern finishes, including polished concrete and wood-look flooring, exposed wood-beam ceilings, and contemporary light fixtures. The commercial kitchen is equipped with professional-grade stainless steel appliances, and the bathrooms and suites appear brand new with no signs of deferred maintenance or physical depreciation.
PROSSTRENGTHS & OPPORTUNITIES
- Dual Income Potential
The property uniquely combines a productive avocado ranch with 4,500+ trees and a conditionally permitted event venue, offering diversified revenue streams.
- Modern Infrastructure
Built in 2018, the 3,000 sqft barn-style facility features a commercial kitchen, multi-stall restrooms, and upstairs suites, minimizing immediate capital needs for business operations.
- Exceptional Versatility
The open-concept design and mixed-use zoning allow for various high-value uses, including a winery tasting room, wellness retreat, corporate headquarters, or a luxury private estate.
CONSRISKS & DEFICIENCIES
- Niche Buyer Profile
The specialized nature of a combined agricultural and commercial event space may limit the pool of qualified buyers compared to traditional residential estates.
- Operational Complexity
Managing a large-scale avocado ranch alongside a hospitality business requires significant labor, specialized knowledge, and ongoing maintenance oversight.
- Conditional Permitting
As the event venue is 'conditionally permitted,' operations are subject to specific local regulatory compliance and potential future zoning restrictions.
About 38149 De Luz Rd
Nestled in the rolling hills of Fallbrook, this exceptional property combines agricultural productivity with lifestyle and business potential. Rancho Pavo Real is a thriving avocado ranch paired with a conditionally permitted wedding and event venue, offering multiple income streams in one breathtaking location. At the heart of the estate is a striking barn-style building, thoughtfully designed for versatility. Its stunning open-concept, two-story event space features a large commercial kitchen for catering teams, two spacious multi-stall restrooms, and two upstairs suites — all within approximately 3,000 square feet. From farm-to-table celebrations to luxe country living, the possibilities are endless: winery tasting room, corporate retreat headquarters, upscale private residence, wellness retreat, or elegant wedding venue. Surrounded by restored natural landscapes, the ranch offers both beauty and function — ideal for those seeking an investment in agriculture with over 4,500 established avocado trees (Reed, Hass & Gem), hospitality, or a private escape. This is a rare opportunity to own a property with built-in revenue potential in one of Southern California’s most desirable rural communities. De Luz Canyon is known for its agricultural rural community, country roads, heritage oaks and sacred land. Only 1.5 hours from San Diego, Orange County and Los Angeles, close enough for convenience yet far enough for true peace. You truly feel worlds away!
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 2018
- Lot Size
- 1,350,360 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 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 | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 2.5 | 50% |
| Square foot | 3,000 | 2,079 | 50% |
| Lot Size | 1,350,360 | 801,939.5 | 50% |
| Price | $3.79M | $2.45M | 50% |
| Price per sq ft | $1.3K | $1.1K | 50% |
| Built year | 2018 | 1986 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 190 | 330 | 50% |
Pricing History
Listed for Sale
Oct 27, 2025
$3,795,000
Initial Listing
Price Change
Aug 29, 2025
$3,999,999
Initial Listing



































