Rainbow, CA 92028,168 5th ST
Rainbow, CA 92028,168 5th ST
2
$500,000
$825,000
39.4%
Est.Price: ?

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9.53 Acres Lot

168 5th ST Rainbow, CA 92028

Est. payment /mo
SOLD DATE : 11/15/2023

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Key Details

Sold Price $500,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

Subdivision Fallbrook

MLS Listing ID SW23140907

Lot Size 9.530 Acres

Property Description

DRASTIC PRICE REDUCTION!! Motivated Seller! WANTS IT SOLD NOW!! Investment Opportunity! Enjoy monthly income of ($2000/MONTH) billboard sign lease. The subject property includes 2 parcels totaling 16.8 acres (APN #102-530-18-00 and APN #102-530-19-00) At the miniumu will support 2 residential sites. There is approx. 849 feet of frontage off Old Highway 395, including direct frontage of Interstate 15. The property is also right next door to the historic Rainbow Oaks Restaurant which also includes a gas station, grocery store, and cabanas. There are many potentials such as: residential use, nursery, storage,small rv park or other commercial use with a possible zoning change or CUP (Conditional Use Permit). Buyer to verify any potential use with San Diego County Building and Safety Dept. Many possible home sites, flat usable land, a panoramic view, lush tropical vegetation, endless oak tress, and a year round creek running through the property. Will clean up like a park!! Buyer to verify property access points. All utilities are at the street, there is a 2" water meter. There is a MWD Aqueduct easement going between the 2 properties Property nearest freeway has an old elevated pad site on south part upper area. Fantastic Opportunity awaits! 2 APNS 102-530-18,19 San Diego county Fallbrook Hwy 395 and I-15 Northbound exposure!! Submit All Offers!
Seller wants it sold NOW !

Location

State CA

County San Diego

Area 92028 - Fallbrook

Zoning RR

Exterior

Community Features Rural

Utilities Available Sewer Not Available

View Y/N Yes

View Rocks, River, Trees/Woods

Building

Lot Description Paved

Sewer None

Water Public

New Construction No

Others

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Randy Roth • Fairway and Ranch Realty • 951-970-7071
Bought with Randy Roth • Fairway and Ranch Realty

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Jeff Whittington

Broker Associate | License ID: 01893647

+1(858) 361-9090

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