For more information regarding the value of a property, please contact us for a free consultation.
168 5th ST Rainbow, CA 92028
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $500,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Fallbrook
MLS Listing ID SW23140907
Sold Date 11/15/23
HOA Y/N No
Lot Size 9.530 Acres
Property Description
DRASTIC PRICE REDUCTION!! Motivated Seller! WANTS IT SOLD NOW!! Investment Opportunity! Enjoy monthly income of ($2000/MONTH) billboard sign lease. The subject property includes 2 parcels totaling 16.8 acres (APN #102-530-18-00 and APN #102-530-19-00) At the miniumu will support 2 residential sites. There is approx. 849 feet of frontage off Old Highway 395, including direct frontage of Interstate 15. The property is also right next door to the historic Rainbow Oaks Restaurant which also includes a gas station, grocery store, and cabanas. There are many potentials such as: residential use, nursery, storage,small rv park or other commercial use with a possible zoning change or CUP (Conditional Use Permit). Buyer to verify any potential use with San Diego County Building and Safety Dept. Many possible home sites, flat usable land, a panoramic view, lush tropical vegetation, endless oak tress, and a year round creek running through the property. Will clean up like a park!! Buyer to verify property access points. All utilities are at the street, there is a 2" water meter. There is a MWD Aqueduct easement going between the 2 properties Property nearest freeway has an old elevated pad site on south part upper area. Fantastic Opportunity awaits! 2 APNS 102-530-18,19 San Diego county Fallbrook Hwy 395 and I-15 Northbound exposure!! Submit All Offers!
Seller wants it sold NOW !
Location
State CA
County San Diego
Area 92028 - Fallbrook
Zoning RR
Interior
Fireplace No
Exterior
Community Features Rural
Utilities Available Sewer Not Available
View Y/N Yes
View Rocks, River, Trees/Woods
Building
Lot Description Paved
Sewer None
Water Public
New Construction No
Others
Senior Community No
Tax ID 1025301800
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
Read Less
Bought with Randy Roth • Fairway and Ranch Realty