
33 Gateview
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: -$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 →
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
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
$5,262
Comp Average
$5,367

4057 Ladera
4bd / 3.5ba · 3,573 sqft · Single Family
$1.40M
Est. $5,132/mo
5382 Willman Way
4bd / 3.5ba · 3,642 sqft · Single Family
$1.48M
Est. $5,181/mo

4462 Fallsbrae Rd
4bd / 4ba · 3,930 sqft · Single Family
$1.60M
Est. $5,382/mo
991 River Oaks
4bd / 3.5ba · 3,611 sqft · Single Family
$1.85M
Est. $5,430/mo

1097 Camino Alisos
4bd / 4ba · 3,702 sqft · Single Family
$2.23M
Est. $5,708/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
4 leases of 4-bed houses in 92028 · $4,835–$5,936
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$14,063/mo short at 20% down; +$18,263/mo rent closes it.
- Break-even price
- $454,033
- Break-even rent
- $23,525/mo
- Cashflow at 35% down
- −$11,682/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
80% under asking
$18,263/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, 7.43% 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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