
3252 Via Altamira
Ctop 80%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: -$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
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.
Comparable Properties
5 comps foundThis Property
$3,182
Comp Average
$3,322
1734 Adalane Place
3bd / 2ba · 1,346 sqft · Single Family
$695K
Est. $3,390/mo
604 Porter Street
3bd / 2ba · 1,196 sqft · Single Family
$699K
Est. $3,389/mo
1020 La Solana
3bd / 2ba · 1,400 sqft · Single Family
$699K
Est. $3,392/mo
860 Magarian Rd
3bd / 2ba · 1,112 sqft · Single Family
$695K
Est. $3,073/mo
1340 Via Feliz
3bd / 2ba · 1,200 sqft · Single Family
$799K
Est. $3,368/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
21 leases of 1–3 bed houses in 92028 · $3,078–$3,375
Blended 50/50 with the zip's market median ($3,194)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,040/mo short at 20% down; 85% down or +$3,948/mo rent closes it.
- Break-even price
- $280,678
- Break-even rent
- $7,130/mo
- Cashflow at 35% down
- −$2,338/mo
- Down payment to break even
- 85%
- Rate to break even
- Not reachable
59% under asking
$3,948/mo above the estimate
$576,725 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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