19 Gateview Drive
Dbottom 20%Fallbrook, CA 92028
HOA rules unknown: an HOA can ban stays under 30 days (Civ. Code §4741), and no permit on file shows this one allows them. Get the CC&Rs.
Pass at asking: -$11,342/mo full cashflow at 20% down, 7.36% rate.
Works at $510,907 (74% under asking); even all cash loses money at asking.
Rent $5,785/mo from 6 leases of 4–6 bed houses in 92028 ($5,331–$5,967).
Beds
5
Baths
5
Sqft
4,260
Year Built
1992
Days on Market
182
Property Type
Single Family
HOA/mo
$550
MLS ID
NDP2604745
This property is in Fallbrook (92028). Browse neighborhood analytics →
About This Property
A 4-bedroom, 4-bathroom single-level estate with an income-producing 1-bed/1-bath ADU — 4,260 sq. ft. on 2.65 private acres in Fallbrook, CA 92028, built in 1992 and served by a newly installed Cambridge elevator — delivers rare main-floor living with no stairs required and a self-contained dual living unit on the same footprint. For buyers weighing a move from Los Angeles, Orange County, or the Bay Area, this gated estate in North County San Diego checks every box: land ownership, agricultural income, energy independence, and a sub-two-hour drive back to the city when you need it. Positioned to capture sweeping hillside views in one of San Diego County's most sought-after rural enclaves, the main living floor features Italian tile flooring, quartz countertops, and a chef's kitchen with Viking appliances and a wine refrigerator; every bedroom includes both a walk-in and slider closet, and the 4-car garage adds four private walk-in storage rooms plus parking for trailers, boats, or RVs — practical details that suit the rural lifestyle Fallbrook has cultivated for generations. The home's open layout and high-speed infrastructure make it equally capable as a primary residence or a full-time remote work headquarters; you can run a home office, take calls from the terrace, or simply disconnect entirely — the property is built for all three. A dedicated home-office suite pairs naturally with the avocado ranch setting, giving remote-work buyers a San Diego County address without sacrificing space or productivity. The Cambridge elevator supports true aging-in-place living across the single-level floor plan, future-proofing the investment for multigenerational households. The attached 1-bed/1-bath ADU (~500 sq. ft.) has its own full kitchen and living area, purpose-built for caregiver quarters or extended-family use and fully capable of functioning as an income property (subject to local regulations) — a meaningful offset in a market where dual living flexibility drives purchase decisions. The 2.65 fully fenced acres support a working avocado grove of 100+ fruit trees — approximately 80 to 85 avocado — making this a genuine agricultural property eligible to explore Williamson Act or similar agricultural classifications; the orchard distinguishes this listing from every conventional estate in North County San Diego. The land is backed by a new well system with a variable-speed motor installed in 2023, and a 48-panel fully owned solar system with battery storage delivers the kind of energy independence that makes near off-grid capable living a real option year-round. The solar array, battery bank, and private well together push utility costs well below what comparable San Diego County properties carry. The I-15 corridor places you 35 minutes from downtown San Diego, 45 miles from San Clemente and the Orange County coast, approximately 85 miles from downtown Los Angeles, and just 30 minutes from the beaches at Oceanside and Carlsbad — you can drive to the coast for lunch and be back among the avocado ranch rows by afternoon. Fallbrook itself carries an equestrian heritage unlike anywhere else in the region; horse property buyers will find the acreage, fencing, and rural character consistent with that tradition, and the property's setting earns the town's long-held nickname as "The Friendly Village." The property sits inside Rolling Hills Estates, Fallbrook's only 24/7 guard-gated community, with tennis courts, a clubhouse, and an HOA of $550/month. Served by Fallbrook Street Elementary, James E. Potter Intermediate, Fallbrook High School, and the Fallbrook Union Elementary and Fallbrook Union High School Districts. Private showings available by appointment. Visit: https://thewrightgroupsd.com/properties/19-gateview-drive-fallbrook-ca-us-92028-ndp2604745 for the full video tour, Matterport 3D walkthrough, and architectural floor plans.
Mortgage Calculator
Est. Monthly Payment
$14,134
Location
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Zoned Schools
Elementary
Fallbrook STEM Academy · grades K-6 · Fallbrook Union Elementary
Middle
James E. Potter Intermediate · grades 7-8 · Fallbrook Union Elementary
High
Fallbrook High · grades 9-12 · Fallbrook Union High
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$5,785
Comp Average
$5,980
4709 Briana Court
5bd / 5.5ba · 4,225 sqft · Single Family
$1.90M
Est. $6,992/mo
5148 Minneola Drive
5bd / 4.5ba · 4,357 sqft · Single Family
$1.99M
Est. $5,850/mo
521 Rancho Camino
4bd / 3ba · 4,170 sqft · Single Family
$1.90M
Est. $5,544/mo
3026 Via Loma
5bd / 5.5ba · 4,315 sqft · Single Family
$2.00M
Est. $5,822/mo

3508 Vista Corona
5bd / 5ba · 4,122 sqft · Single Family
$2.10M
Est. $5,690/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
6 leases of 4–6 bed houses in 92028 · $5,331–$5,967
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$11,342/mo short at 20% down; +$14,730/mo rent closes it.
- Break-even price
- $510,907
- Break-even rent
- $20,515/mo
- Cashflow at 35% down
- −$9,278/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
74% under asking
$14,730/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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