2248 Mil Sorpresas
About This Property
The thoughtfully curated grounds include low-maintenance native landscaping, meandering gravel pathways, established citrus trees (orange, tangerine, and lemon), and ample usable land on approximately 1.14 acres. The fully fenced property offers equestrian amenities, including horse stalls and a tack room, plus generous RV storage and parking. Additional highlights include three fireplaces, a main-level primary suite, an unfinished basement with exterior access, owned solar, a new HVAC system (replaced December 2024), recent flooring and fixture updates, and an EV car charger.
With 3 parking spaces and set close to nature, this private, tranquil home sits in a friendly neighborhood with no through streets-offering seclusion while remaining conveniently accessible in the heart of Fallbrook.
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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 |
|---|---|---|---|
| Oct 6, 2026 | In contract | - | |
| In contract | |||
| Sep 30, 2026 | Price Decreased |
$999,900
↓ $40K
(3.9%) | |
| Price Decreased | |||
| Aug 22, 2026 | Price Decreased |
$1,040,000
↓ $60K
(5.5%) | |
| Price Decreased | |||
| Jul 24, 2026 | Price Decreased |
$1,100,000
↓ $100K
(8.3%) | |
| Price Decreased | |||
| Jun 3, 2026 | Listed by Benchmark Properties | $1,200,000 | |
| Listed by Benchmark Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017