1917 Rainbow Valley Blvd 7 Unit Apartment Building Offered at $2,899,900 Fallbrook, CA 92028

Custom-built estate situated on approximately 6+ acres in the scenic Rainbow Valley area of Fallbrook. This expansive residence offers approx. 4,280 sq ft with 4 bedrooms and 4.5 bathrooms, designed for both comfortable living and entertaining. The thoughtfully designed floor plan features spacious living areas, quality finishes including granite and stone accents, and abundant natural light throughout.
The chef’s kitchen includes premium appliances, ample cabinetry, and a large breakfast bar that opens to the main living spaces. Generously sized bedrooms provide privacy and comfort, while the primary suite offers a spa-like bath and tranquil views of the surrounding countryside.
Energy-efficient features include owned solar, double-pane windows, tankless water heaters, and fire sprinkler system. A detached guest unit provides flexibility for extended living, home office, or potential rental use. The property is serviced by both city water and well water.
Enjoy privacy, open space, and rural charm with convenient access to Fallbrook amenities, schools, and major transportation routes. This unique property offers endless possibilities for those seeking space, versatility, and a peaceful country setting.
For example, In case the new owner occupies the main house, monthly income would be $10,477 month from 6 other tenants ($13,977 - $3,500),
In case the Purchase price $2,900,000, If buyer puts $500,000 down 30 year amortization 5.5% interedst (depending on buyer's credit and income) , monthly mortgage payment of $13,630, net payments by new owner $3,153 a month + reaccessed property tax difference. Monthly steady income definitely helps owner's financial burden.