40340 Sandia Creek Dr

40340 Sandia Creek Dr

Ctop 80%

Fallbrook, CA 92028

$1,425,000

Pass at asking: -$7,119/mo full cashflow at 20% down, 7.36% rate.

Works at $493,494 (65% under asking), or at 93% down.

Rent $4,898/mo from 4 leases of 4-bed houses in 92028 ($4,313–$5,295).

Beds

4

Baths

4

Sqft

2,988

Year Built

1991

Days on Market

386

Property Type

Single Family

HOA/mo

N/A

MLS ID

SW25244355

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

About This Property

Welcome to 40340 Sandia Creek Drive, a timeless Victorian-style estate tucked within the prestigious DeLuz community, where Fallbrook's lush countryside meets Temecula's Deluz-country charm. Resting on 6.5 private, usable acres, this residence blends classic architecture, modern updates, and breathtaking mountain views. A long tree-lined driveway leads to the storybook facade--complete with a wraparound screened porch, vaulted peaks, and a brick chimney rising above manicured landscaping and white fencing. Step inside to find crown molding, tall ceilings, and a grand staircase with a whimsical Harry Potter closet beneath. Formal living and dining rooms glow under sparkling chandeliers, while expansive windows fill the home with natural light. The chef's kitchen impresses with white cabinetry, new appliances, a prep sink, and a breakfast nook overlooking rolling hills. Two inviting living areas feature brick fireplaces, ceiling fans, and open flow for effortless entertaining. Downstairs also hosts a guest suite with ensuite bath for ultimate convenience. Upstairs, the primary retreat offers panoramic views, dual vanities, a walk-in closet, and a spacious layout that radiates tranquility. Two additional bedrooms share a Jack-and-Jill bath, while a fourth bedroom offers versatility for guests, office, or studio. Above the three-car garage, discover a 510 sq ft guest apartment--complete with full bath, sink, microwave, ceiling fans, and a private view deck--perfect for extended family, guests, or an independent workspace. Outdoors, enjoy peaceful mornings or golden-hour gatherings from the screened wraparound porch, brick patio, or outdoor kitchen with grill, fridge, prep sink, and Alumawood cover. Beyond the immediate yard lies expansive, usable land--a rare find in DeLuz. Ideal for future development, the property offers flat and gently sloped areas perfect for a guest house, RV garage, sport court, pool, vineyard, or hobby farm. The land also features graded walking trails and a variety of fruit trees--apple, pear, plum, lemon, orange, and kumquat--adding to its serene countryside charm. With owned solar, ample parking, and proximity to Old Town Temecula, wineries, and freeway access, this property delivers the perfect blend of privacy, elegance, and convenience. 40340 Sandia Creek Drive captures the essence of Southern California living--timeless, tranquil, and truly extraordinary.

Mortgage Calculator

Est. Monthly Payment

$9,703

Principal & Interest$7,862
Property Tax$1,425
Insurance$416
%($285,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    William H. Frazier Elementary · 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

8C
Est. Monthly Rent
$4,898

4 leases of 4-bed houses in 92028 · $4,313–$5,295

Blended 50/50 with the zip's market median ($5,102)

Monthly Cashflow

Rent − PITIA

-$4,805
Full Cashflow

Incl. vacancy, PM, maint, capex

-$7,119

What would make this work?

$7,119/mo short at 20% down; 93% down or +$9,246/mo rent closes it.

Break-even price

65% under asking

$493,494
Break-even rent

$9,246/mo above the estimate

$14,144/mo
Cashflow at 35% down
−$5,645/mo
Down payment to break even

$1,325,250 cash

93%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$7,862
Cap Rate
0.83%
Cash-on-Cash
-29.98%
DSCR

Need ≥ 1.25 for DSCR loan

0.50

NOI (Annual)
$11,854
Price-to-Rent

Lower = better for investors

24.2

* 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−$7,119/mo