3048 Jason Road
About This Property
Tucked away at the end of peaceful Jason Road, this gated property provides space, privacy, and wide-open views. The gentle rolling grounds are perfect for horses, 4-H projects, or building a shop, while still leaving room for open space and relaxation. A separate gated entrance leads to an RV pad with a 50 AMP power outlet, making it easy to bring your lifestyle with you.
Inside, the open-concept kitchen with crisp white cabinetry, a spacious eat-in area, and a cozy brick fireplace anchors the home with warm, country charm. Multiple living spaces - including a formal living room, family room with a fireplace and walk-behind bar, plus a large bonus game room - create endless options for entertaining or relaxing.
Configured with five bedrooms, including a private primary suite and an additional office/bedroom, the thoughtful layout is ideal for multi-generational living. A basement adds even more storage - a rare find in Southern California!
Bring your horses, your projects, and your dreams - this property has the land, the space, and the country feel that makes Fallbrook so special, all just minutes from downtown schools, shopping, and dining.
This home is ready for its new buyer - someone with vision, and the necessity for a beautiful horse property to call their own. Experience the best of Fallbrook country living today!
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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 |
|---|---|---|---|
| Nov 17, 2025 | Sold | ||
| Sold | |||
| Oct 18, 2025 | In contract | - | |
| In contract | |||
| Sep 25, 2025 | Listed by SimpliHOM | $1,249,000 | |
| Listed by SimpliHOM | |||
| Sep 4, 2025 | Price Decreased |
$1,248,747
↓ $25K
(2%) | |
| Price Decreased | |||
| Aug 11, 2025 | Price Decreased |
$1,273,747
↓ $25K
(1.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017