4323 Rainbow Vista
About This Property
The kitchen features stainless steel appliances, granite countertops, and custom cherry wood cabinetry with a large peninsula for added seating and prep space. A long private driveway leads past a corral and a productive mini orchard featuring tangerines, oranges, plums, jujubes, nectarines, apricots, figs, Fuji apples, Asian pears, persimmons, lemons, and avocados-providing nearly year-round enjoyment. The property is well laid out, mostly fenced, and supported by automatic irrigation and three rainwater holding tanks (1,550 gallons each reducing monthly water bills).
Enjoy outdoor living under the covered patio with peaceful views, ocean breezes, and an outdoor pellet stove for year-round comfort. The backyard also includes a dedicated space plumbed for a future hot tub, along with a lighted, fenced area ideal for a play yard or dog run.
Additional highlights include owned solar, RV parking with full hookups, and a private detached outbuilding with its own electric meter-ideal for a potential office, ADU, or workshop. Equestrian amenities include a corral, tack/storage room with power, and a nearby arena. Agricultural zoning allows for farm animals.
Quality construction includes walnut flooring, solid wood doors, custom cabinetry, 10' ceilings, wide hallways, dual water heaters (one solar-assisted), fire sprinklers, security system, and a whole-house generator.
Located in the rolling hills of Fallbrook, just minutes to town, shopping, dining, and Temecula Wine Country-offering the perfect balance of privacy and convenience.
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 |
|---|---|---|---|
| May 13, 2026 | Sold | ||
| Sold | |||
| Apr 30, 2026 | In contract | - | |
| In contract | |||
| Apr 18, 2026 | Relisted | $1,020,000 | |
| Relisted | |||
| Apr 16, 2026 | In contract | - | |
| In contract | |||
| Mar 31, 2026 | Listed by Century 21 Affiliated | $1,020,000 | |
| Listed by Century 21 Affiliated | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017