6133 Rainbow Heights Rd, Fallbrook, CA, 92028
About This Home
Welcome to 6133 Rainbow Heights Rd, an exceptional 4.25-acre investment opportunity in the sought-after hills of Fallbrook. Zoned Agricultural and offering 360-degree panoramic views, this unique property is perfect for those looking to capitalize on multi-family development, generational living, ADU additions, or flip projects. Featuring two existing fixer units, the lot presents immediate upside for investors or owner-builders. Renovate and resell the existing 2bd 1ba detached home and 1bd 1ba ADU, add units for rental income, or design a custom estate with multiple dwellings, the flexibility is unmatched. With existing utilities on site, the path to development is already in motion. Surrounded by custom homes and tucked in a peaceful setting, this is the kind of property where vision becomes reality. Located in the 92028 zip code and just minutes from downtown Fallbrook, Temecula wine country, and North San Diego County, you’ll enjoy easy access to shopping, dining, and freeways while still savoring rural charm. Whether you're building a multi-generational retreat, creating an income-producing property, or searching for a high-upside flip opportunity, this is a rare find in one of Southern California’s most promising investment pockets.
Getting Around
Car-Dependent
Very Limited Transit
Not Bike FriendlySchools
Construction
Condition
- Year built: 1970
Materials
- Roof: Shingle
- Construction materials: Wood/Stucco,Other/Remarks
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Other/Remarks
- Laundry features: Other/Remarks
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Number of fireplaces: 1
- Fireplace features: FP in Living Room
Heating & Cooling
- Heating features: Other/Remarks
- Cooling features: Other/Remarks
Interior Area
- Total structure area: 1,826
- Total interior livable area: 1,826 sqft
Property
Details
- Parcel number: 1093200400
- Zoning: AGRICULTUR
- Zoning description: AGRICULTUR
- Special condition: Other/Remarks
Features
- Levels: Other/Remarks
- Pool features: N/K
- Fencing: Gate,Other/Remarks
- Has view: Yes
- View description: Evening Lights,Mountains/Hills,Panoramic,Valley/Canyon,Other/Remarks
Lot
- Lot size: 4.25 Acres
Parking
- Total spaces: 7
- Parking features: Attached
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Wildfire
- Earthquake
- Heat Wave
- Inland Flooding
- Landslide
How This Home’s Risks Compare
FEMA Declared Disasters in San Diego County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,534 | $42,408 |
| Home Insurance * | $197 | $2,364 |
| Property Taxes | $629 | $7,548 |
| Electricity | $398 | $4,786 |
| Total | $4,758 | $57,096 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-29 | Listed for sale | $699,000 |
| 2026-04-28 | Pending sale | $699,000 |
| 2026-03-12 | Listed for sale | $699,000 |
| 2026-01-01 | Listing removed | $749,900 |
| 2025-09-08 | Listed for sale | $749,900 |
| 2025-08-19 | Pending sale | $749,900 |
| 2025-07-31 | Listed for sale | $749,900 |
| 2025-07-01 | Sold | $80,000 |
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