1645 Santa Margarita
About This Property
The property features an existing building pad along with mature citrus trees that add charm and character to the land. A70 Limited Agricultural zoning offers flexibility for a variety of residential and agricultural possibilities, including a custom or manufactured home, ADU, expanded orchard, gardens, and other agricultural uses, subject to County approval. Imagine designing a home that embraces the views, generous outdoor living spaces, gardens, and the relaxed Southern California lifestyle. Located just minutes from downtown Fallbrook, the property offers a wonderful balance of privacy and convenience with easy access to the 15 freeway, local restaurants, shops, wineries, and surrounding communities.
Opportunities to build within an already established neighborhood like this are increasingly hard to find. If you haven't found the perfect home, perhaps it's time to build it. Bring your vision and create something truly special at 1645 Santa Margarita Drive.
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 27, 2026 | Listed by Compass | $399,000 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017