3252 Via Altamira

3252 Via Altamira

Ctop 80%

Fallbrook, CA 92028

$678,500
STR: check · HOA rules unknown · TOT 8%

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: -$3,040/mo full cashflow at 20% down, 7.36% rate.

Works at $280,678 (59% under asking), or at 85% down.

Rent $3,182/mo from 21 leases of 1–3 bed houses in 92028 ($3,078–$3,375).

Beds

2

Baths

2

Sqft

1,270

Year Built

1966

Days on Market

173

Property Type

Single Family

HOA/mo

$305

MLS ID

SW26106132

This property is in Fallbrook (92028). Browse neighborhood analytics →

About This Property

This beautifully updated Weir Brothers adobe home in desirable Pala Mesa Village is now offered at an incredible new price. This is a fresh opportunity to make your move. If you've been watching this one, now is the time to take another look! HIGH RATES? You may have more options than you think! Qualified first-time buyers may be eligible for up to 22% in down payment assistance, potentially reducing the amount financed through the first mortgage. Seller may also consider a credit toward an interest rate buydown with an acceptable offer. Ask about available buyer assistance programs and financing options. Buyer eligibility, lender approval, program availability, rates and terms apply. THE VIEW IS THE SHOWSTOPPER. Set against sweeping mountain and hillside vistas, this beautifully remodeled Weir Brothers adobe offers a setting that feels private, peaceful, and distinctly Fallbrook. Positioned on one of the larger lots in Pala Mesa Village, with No rear neighbors the property offers more outdoor space than many neighboring homes ideal for entertaining, gardening, relaxing under the open sky, or exploring future possibilities for the property, subject to applicable approvals. Inside, the home blends timeless architectural character with thoughtful modern updates. Signature adobe construction, dramatic exposed wood beams, and a striking fireplace bring warmth and authenticity, while quartz countertops, updated lighting, fresh interior paint, upgraded bathrooms, new flooring and newer interior doors provide a clean, refreshed feel. A newer roof (2024) adds another valuable improvement. Step outside and take in the panoramic mountain and hillside views from the private patio and spacious yard a beautiful backdrop for morning coffee, evening gatherings, or simply enjoying the quiet surroundings. Pala Mesa Village also offers community amenities including a pool, spa, clubhouse, greenbelts, and maintained common areas, all within convenient reach of I-15, golf, shopping, dining, and everything Fallbrook has to offer. A rare combination of views, architectural character, extensive updates, and a larger homesite this is one you truly need to experience in person.

Mortgage Calculator

Est. Monthly Payment

$4,925

Principal & Interest$3,743
Property Tax$679
Insurance$198
HOA$305
%($135,700)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Bonsall Elementary · grades K-5 · Bonsall Unified

  • Middle

    Norman L. Sullivan Middle · grades 6-8 · Bonsall Unified

  • High

    Bonsall High · grades 9-12 · Bonsall Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

35C
Est. Monthly Rent
$3,182

21 leases of 1–3 bed houses in 92028 · $3,078–$3,375

Blended 50/50 with the zip's market median ($3,194)

Monthly Cashflow

Rent − PITIA

-$1,743
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,040

What would make this work?

$3,040/mo short at 20% down; 85% down or +$3,948/mo rent closes it.

Break-even price

59% under asking

$280,678
Break-even rent

$3,948/mo above the estimate

$7,130/mo
Cashflow at 35% down
−$2,338/mo
Down payment to break even

$576,725 cash

85%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$3,743
Cap Rate
1.53%
Cash-on-Cash
-26.88%
DSCR

Need ≥ 1.25 for DSCR loan

0.65

NOI (Annual)
$10,348
Price-to-Rent

Lower = better for investors

17.8

* 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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CCashflow−$3,040/mo