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.

Facts and features

Schools

• Vallecitos Elementary School

  elementary · K-8 · 1.5 mi

  6

• Fallbrook High School

  high · 9-12 · 7.0 mi

  6

• Canyon Ridge Christian Prep

  elementary · PK-12 · 1.7 mi

• Aswe-T Pati'A Christian Academy

  elementary · K-12 · 3.6 mi

• Ashwet Patia Christion School

  elementary · K-12 · 3.6 mi

• Ivy High (Continuation) School

  high · 9-12 · 6.8 mi

  2

Price history

• Mar 12, 2026 · Listed$699,000
• Jan 2, 2026 · Listing Removed—
• Jul 31, 2025 · Listed$749,900
• Sep 11, 1973 · Sold$59,000

Tax history

• 2025$5,516 tax · $594,972 assessed
• 2024$5,463 tax · $504,848 assessed
• 2023$5,337 tax · $485,246 assessed
• 2022$5,281 tax · $475,732 assessed
• 2021$5,151 tax · $466,405 assessed
• 2020$5,161 tax · $461,624 assessed
• 2019$5,033 tax · $452,574 assessed
• 2018$4,915 tax · $443,700 assessed

Home value

$805,900

• Cotality$805,900
• Quantarium$911,678
• Collateral Analytics$692,000

Where it is