Investor Opportunity Two Homes on One Lot just under an Acre! – Rehab or Rental Income Potential Amazing value-add opportunity in Fallbrook (Rainbow)! This property includes two separate units on the same lot, ideal for investors, flippers, or DIY buyers. Main House: Tax records list as 2 bed / 1 bath, but the home is actually 4 bedrooms (Den can be 4th bedroom), 2 bathrooms, approximately 1,600 sq ft. Features include central heat and A/C, fireplace, and patio access. Chicken Coup and Multiple Storage Sheds and room for RV's, Boats, Toys, etc. Back Unit (ADU): Approx. 400 sq ft, featuring 1 bedroom, 3/4 bath, an open kitchen/dining/living layout, plus a loft sleep space above. Located in RR zoning (Rural Residential), close to schools, county park, shopping, down the street from famous Rainbow Oaks Cafe, freeway access, 10 minutes from Temecula. Buyer to verify all details, permits, and square footage. Great opportunity for rental income or a full remodel.
Single-familyProperty Type
1952Year Built
0.72 acresLot Size
$406Est. Price/Sq.Ft.
Listed by Adam Sparks•DRE #01323190• Realty Masters & Associates, I
Contact: 951-522-0887
Bought with Adam Sparks•DRE #01323190• Realty Masters & Associates, I
Investors, DIY. Great opportunity to gain rental income or remodel and modify this home for yourself. There are actually two homes on the property. The main house is approx 1600ft, has four bedrooms and two bathrooms. Laminate and tile flooring, central and A/C, living area with picture window, fireplace and patio accessible. The back house is approx 400sq ft one bedroom 3/4 bath, open plan kitchen, dining living with loft sleep out above. Currently tenants are in both homes with leases until July 2020. Combined income from both houses is $2400. Zoned for agriculture and near schools and county park. Buyer to complete all inspections and property verification with city.
CRMLS #11020710
Jan 28, 2002
Sold
$180,000
$113/sq ft
Nov 16, 2001
Listed
$187,000
$117/sq ft
BARGAIN PRICE - THEY DON'T GET MUCH LOWER THAN THIS. .. . NEEDS A LOT OF T. L. C. DETACHED GARAGE AND OUTBUILDINGS COMPLETELY FENCED - CLOSE TO HWY 15 - BRICK FIREPLACE AND LAUNDRY ROOM - GREAT FIXER! 2 ROOM STUDIO, 25' X 17'. HURRY WON'T LAST!
Public Records
Jul 19, 1990
Sold
$155,000
$97/sq ft
Public Records
Aug 31, 1982
Sold
$72,000
$45/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,904 (+1.8%)
$489,600 + $147,900
$637,500
2024
$3,837 (+2.5%)
$284,345 + $87,488
$371,833
2023
$3,743 (+1.4%)
$278,770 + $85,773
$364,543
2022
$3,691 (+2.6%)
$273,304 + $84,092
$357,396
2021
$3,599 (+38.3%)
$267,946 + $82,444
$350,390
2020
$2,602 (+1.8%)
$262,693 + $80,828
$343,521
2019
$2,556 (+1.7%)
$135,073 + $108,055
$243,128
2018
$2,514 (+2.0%)
$132,425 + $105,937
$238,362
2017
$2,464 (+5.7%)
$127,284 + $101,824
$229,108
2016
$2,332 (+1.9%)
$127,284 + $101,824
$229,108
2015
$2,289 (+2.3%)
$124,789 + $99,828
$224,617
2014
$2,238 (+0.8%)
$120,508 + $96,403
$216,911
2013
$2,220 (+1.5%)
$120,508 + $96,403
$216,911
2012
$2,187 (+2.2%)
$119,964 + $95,968
$215,932
2011
$2,140 (+1.1%)
$117,612 + $94,087
$211,699
2010
$2,116 (+0.5%)
$115,306 + $92,243
$207,549
2009
$2,105 (+1.8%)
$114,445 + $91,554
$205,999
2008
$2,068
$114,717 + $91,772
$206,489
Tax history for 2244 Huffstatler St
Year
Property tax
Land + Additions
Assessment*
2025
$3,904 (+1.8%)
$489,600 + $147,900
$637,500
2024
$3,837 (+2.5%)
$284,345 + $87,488
$371,833
2023
$3,743 (+1.4%)
$278,770 + $85,773
$364,543
2022
$3,691 (+2.6%)
$273,304 + $84,092
$357,396
2021
$3,599 (+38.3%)
$267,946 + $82,444
$350,390
2020
$2,602 (+1.8%)
$262,693 + $80,828
$343,521
2019
$2,556 (+1.7%)
$135,073 + $108,055
$243,128
2018
$2,514 (+2.0%)
$132,425 + $105,937
$238,362
2017
$2,464 (+5.7%)
$127,284 + $101,824
$229,108
2016
$2,332 (+1.9%)
$127,284 + $101,824
$229,108
2015
$2,289 (+2.3%)
$124,789 + $99,828
$224,617
2014
$2,238 (+0.8%)
$120,508 + $96,403
$216,911
2013
$2,220 (+1.5%)
$120,508 + $96,403
$216,911
2012
$2,187 (+2.2%)
$119,964 + $95,968
$215,932
2011
$2,140 (+1.1%)
$117,612 + $94,087
$211,699
2010
$2,116 (+0.5%)
$115,306 + $92,243
$207,549
2009
$2,105 (+1.8%)
$114,445 + $91,554
$205,999
2008
$2,068
$114,717 + $91,772
$206,489
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
—
Lot width
—
Lot depth
—
Lot size
0.72 Acres
Year renovated
1961
Sq. Ft.
974
Year built
1952
Style
Single Family Residential
County
San Diego County
APN
1024202400
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 20, 2026.
RR
Rural Residential District
The RR Use Regulations are intended to create and enhance residential areas where agricultural use compatible with a dominant, permanent residential use is desired. Typically, the RR Use Regulations would be applied to rural or semi-rural areas where urban levels of service are not available and where large lots are desired. Various applications of the RR Use Regulations with appropriate development designators can create buffers between residential and agricultural uses, family or small farm areas, or large lot rural residential developments.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Fire house
Agriculture-Cropland
Agriculture-Grove / orchard
Park & open space
Property details
Parking
Parking / Garage Information
No Driveway, RV Access/Parking, See Remarks
Has Parking
Interior
Laundry Information
Has Laundry
Individual Room
Kitchen Information
Appliances: Vented Exhaust Fan
Has Appliances
In Living Room, See Remarks
Tile Counters
Bathroom Information
# of Baths (Full): 2
Shower
Cooling Information
Central
Has Cooling
Room Information
Entry, Kitchen, Laundry, Living Room, See Remarks
Fireplace Information
Living Room
Has Fireplace
Flooring Information
Wood
Heating Information
Central Furnace, Fireplace, Natural Gas, See Remarks
Has Heating
Interior Features
Entry Level: 1
Entry Location: Porch
Bar, Beamed Ceilings, Block Walls, Living Room Deck Attached, Open Floor Plan, Storage Space
Levels: One
Main Level Bathrooms: 2
Main Level Bedrooms: 4
Window Features: Bay Window, Stained Glass, Wood Frame Windows
Exterior
Exterior Information
Structure Type: House
Roof: Composition, See Remarks
Other Structures: Guest House, Guest House Detached, Shed, Storage Building, Two On A Lot
Fencing: Barbed Wire, Blockwall, Needs Repair, See Remarks, Wood
Has Fence
Foundation Information
Foundation Details: See Remarks
Exterior Features
Kennel, Satellite Dish
Patio And Porch Features: Deck, Screened Porch, See Remarks, Wood
Has Patio
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: Front Yard, Gentle Slope, Lawn, Lot 20000-39999 Sqft, Treed Lot, Yard
Lot Dimensions Source: Assessor
Property Information
Total # of Units: 2
Accessibility Features: See Remarks
Common Walls: No Common Walls
Direction Faces: East
Living Area Source: Estimated
Parcel Number: 1024202400
Property Condition: Fixer, Repairs Cosmetic, Repairs Major
Total # of Stories: 1
Has View
Year Built Source: Assessor
Property ADU: Yes
# of Property ADU: 1
Financial
Assesments Information
Assessments: Unknown
Utilities
Utilities Information
Electric: Electricity - On Property, Electricity - Unknown
Sewer: Sewer or Septic - None, Septic Type Unknown
Cable Connected, Electricity Connected, Natural Gas Connected, Telephone - On Property, See Remarks, Sewer Not Available, Water Connected
Water Source: District/Public, See Remarks
Location
Neighborhood Information
Community Features: Biking, Hiking, Mountainous
School Information
High School District: Fallbrook Union
Location Information
Latitude: 33.41314700
Longitude: -117.15243300
Other Subdivision Name: Fallbrook
Directions: Use GPS
Road Frontage Type: Access via County Road
Road Surface Type: Paved
Subdivision Name: Fallbrook
Zoning: RR
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 974
Stories: —
Lot Size: 0.72 acres
Style: Single Family Residential
Year Built: 1952
Year Renovated: 1961
County: San Diego County
APN: 1024202400
Home facts updated by county records on Aug 20, 2026
Other
Listing Information
IDX Contact Info: 951-522-0887
Days Active in MLS: 2
Continuous Days Active in MLS: 2
Listing Agent Information
List Agent First Name: Adam
List Agent Last Name: Sparks
Listing Office Information
List Office Name: Realty Masters & Associates, I
Selling Agent Information
Buyer Agent First Name: Adam
Buyer Agent Last Name: Sparks
Selling Office Information
Buyer Office Name: Realty Masters & Associates, I
Around this home
Schools
Vallecitos Elementary School
Public K-8 • Assigned • 0.2mi
6/10
Fallbrook High School
Public 9-12 • Assigned • 6.8mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
8/10 Fire Factor
32% chance of being in a wildfire in next 30 years
7/10 Heat Factor
7 days above 97° expected this year, 22 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Fallbrook, CA • 92028
Average low and high temperatures (°F)
69
49
70
51
73
52
70
51
74
55
78
58
81
60
87
63
84
63
80
57
72
51
70
49
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.4 hours in
June and 7.3 hours in December, placing it above the
U.S. average for solar exposure.
9.4 hrs
7.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$618,000 – $748,000
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