33 Gateview
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33 Gateview

Dbottom 20%

Fallbrook, CA 92028

$2,285,000
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: -$14,063/mo full cashflow at 20% down, 7.43% rate.

Works at $454,033 (80% under asking); even all cash loses money at asking.

Rent $5,262/mo from 4 leases of 4-bed houses in 92028 ($4,835–$5,936).

Beds

4

Baths

3.5

Sqft

3,756

Year Built

1987

Days on Market

80

Property Type

Single Family

HOA/mo

$565

MLS ID

260020649SD

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

Virtual Tour

About This Property

Scheduling Private Showing Friday-Saturday-Sunday. Recently Price Refreshed to $2,285,000 Sweeping sunset and valley views define this extraordinary 2.79-acre estate in the prestigious guard-gated community of Rolling Hills Estates. Designed for resort-style living and entertaining, this unique single-level residence offers over 3,700 sq. ft., 4 bedrooms, 3.5 baths and potential for an attached granny flat. Over $250,000 was invested in outdoor hardscape and decking, creating a private resort with dramatic southwest-facing views. Enjoy the newer saltwater pool and spa with cascading waterfall, pool solar, built-in outdoor TV, two firepit areas, built-in BBQ and multiple patios. The gated and fenced grounds feature over $100,000 in exotic trees and drought-tolerant landscaping, an extra-long private driveway, detached tandem garage and storage building. Inside, Alder wood cabinetry and doors, travertine and luxury vinyl flooring, French doors, casement windows and abundant natural light create warmth and character. The kitchen features professional-grade appliances, skylight and a sizeable granite island. The Primary Retreat offers a sitting room/office and private patio access. Additional features include a refrigerated wine cellar, newer HVAC, paid solar with battery backup, Tesla charger and roof-mounted fire sprinklers. Watch the full Property Video. Sweeping sunset and valley views define this extraordinary 2.79-acre estate in the prestigious guard-gated community of Rolling Hills Estates. Designed for resort-style living and exceptional entertaining, unique single-level residence offers over 3,700 sq. ft., 4 bedrooms and 3.5 baths, with potential for an attached granny flat. The spectacular backyard is truly the centerpiece of the property. The homeowners have invested over $250,000 in outdoor hardscape and decking, creating a private resort overlooking dramatic southwest-facing sunsets. Enjoy the newer saltwater pool and spa with cascading waterfall feature, pool solar, built-in outdoor TV for movie nights under the stars, two outdoor firepit areas, built-in BBQ and multiple patios. The lush grounds represent an additional investment of over $100,000 in exotic trees and drought-tolerant landscaping. The 2.79-acre property is gated and fenced, with an extra-long private driveway, detached tandem garage w/storage building. Inside, the spacious single-level floor plan blends warmth and quality with Alder wood cabinetry and doors, travertine and luxury vinyl flooring, multiple French doors, casement windows and abundant natural light. The kitchen features upscale professional-grade appliances, a skylight and sizeable granite center island. The generous Primary Retreat features a sitting room/office and access to private patios where you can unwind while taking in the afternoon sunsets. Downstairs wine cellar w/ refrigerated. Additional upgrades include a newer HVAC system, paid so lar w/battery backup, Tesla charger and roof-mounted fire sprinklers. Rolling Hills Estates offers a lifestyle all its own. Residents enjoy guard-gated security, three lighted tennis/pickleball courts, groomed walking trails, an equestrian center with riding trails, clubhouse, RV/trailer storage, and picturesque lakes and waterfalls.

Mortgage Calculator

Est. Monthly Payment

$16,211

Principal & Interest$12,694
Property Tax$2,285
Insurance$666
HOA$565
%($457,000)
%
Loan Term

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.

Investment Score

0D
Est. Monthly Rent
$5,262

4 leases of 4-bed houses in 92028 · $4,835–$5,936

Monthly Cashflow

Rent − PITIA

-$10,948
Full Cashflow

Incl. vacancy, PM, maint, capex

-$14,063

What would make this work?

$14,063/mo short at 20% down; +$18,263/mo rent closes it.

Break-even price

80% under asking

$454,033
Break-even rent

$18,263/mo above the estimate

$23,525/mo
Cashflow at 35% down
−$11,682/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$12,694
Cap Rate
-0.58%
Cash-on-Cash
-36.93%
DSCR

Need ≥ 1.25 for DSCR loan

0.32

NOI (Annual)
-$13,264
Price-to-Rent

Lower = better for investors

36.2

* Modelled at 20% down, 7.43% 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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DCashflow−$14,063/mo