0 Old Highway 395

0 Old Highway 395

Cdirt

Fallbrook, CA 92028

$777,000

Beds

Baths

Sqft

Year Built

Days on Market

15

Property Type

Land

HOA/mo

N/A

MLS ID

SW26143744

This property is in Fallbrook (92028). View neighborhood stats →

About This Property

Two spectacular parcels for sale zoned as Rural Residential. Parcels are 9.53 and 7.27, and border the north side of the Rainbow Restaurant then south and east, on Historic Old Highway 395. These parcels are prime for housing developments, builder owner, storage, agriculture, or living off the grid. The larger parcel includes prime advertising space with hundreds of thousands of views per week. There is currently a billboard lease with several years remaining with an advertiser who subleases it. Seller earns $2,000 per month from 1 billboard, which is highly discounted. There is much more income potential from the 1 billboard as well as potential to create more. Why not multiply your income? You could potentially build up the advertising income to pay off your development costs. The advertising potential is just icing on the cake. Water, gas, electric are all extremely to the property line.

Dirt Analysis
Cdirt
91% above comp value
Asking $777,000 vs ~$407,033 implied by sold-land comps
Lot size
16.80 acres
Asking $/acre
$46,250
Area median $/acre (sold)
$29,486
Comp-implied value
$407,033

Benchmarked against 3,049 sold-land comps (5-yr, recency-weighted) via zip price-size model · high confidence. Land value is site-specific — zoning, utilities, access, and buildability are not modeled. Not an appraisal.