
4488 La Canada
Ctop 80%Fallbrook, CA 92028
Pass at asking: -$3,974/mo full cashflow at 20% down, 7.36% rate.
Works at $444,908 (54% under asking), or at 80% down.
Rent $4,416/mo from 16 leases of 3-bed houses in 92028 ($4,500–$4,896).
Beds
3
Baths
3
Sqft
2,680
Year Built
1974
Days on Market
1
Property Type
Single Family
HOA/mo
N/A
MLS ID
260027029SD
This property is in Fallbrook (92028). Browse neighborhood analytics →
About This Property
Room to Roam, Views to Love, and Endless Possibilities! Set against a backdrop of views and abundant natural light, this Fallbrook property offers the rare combination of usable land, outdoor living, and meaningful recent improvements on a generous 1.02-acre lot. Stunning decks extend from the living room and primary bedroom, while another deck in the rear yard creates multiple spaces to take in the setting and enjoy the outdoors. Inside, the home's natural light and views create an inviting atmosphere. A large downstairs room has ADU potential and has its own bathroom. Numerous fruit trees contribute to the property's established outdoor setting, while outside, the expansive acreage invites endless possibilities for fun, gardening, fruit harvesting, outdoor recreation, or exploring space for horses and other animals, subject to local regulations. Significant updates add to the home's appeal and functionality, including a mini-split HVAC system installed in 2025, a whole-house water filtration system added in 2024, owned solar panels installed in 2014, and a re-roof completed in 2020. Attic cleaning and new insulation were completed in 2026. An oversized three-car garage provides generous parking and storage capacity. Located in Fallbrook, a quaint small town with a downtown area, the property offers a balance of a small-town setting with convenient access to beaches, Hwy 76, I-5, I-15, and everyday conveniences. This property offers an opportunity to experience the distinctive character of Fallbrook. It's a must see! An oversized three-car garage provides abundant room for vehicles, storage, hobbies, or workshop needs. Enjoy the charm of Fallbrook's small-town atmosphere, with convenient access to shopping, dining, Highway 76, I-5, I-15, and Southern California beaches. Whether you're drawn to the views, the usable acreage, the flexible living spaces, or the opportunity to create your own country-inspired retreat, this distinctive property offers a lifestyle that's increasingly hard to find. Come experience the space, scenery, and possibilities for yourself!
Mortgage Calculator
Est. Monthly Payment
$6,571
Location
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Zoned Schools
Elementary
La Paloma 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.
Comparable Properties
5 comps foundThis Property
$4,416
Comp Average
$4,543
1427 El Nido Drive
3bd / 3ba · 2,697 sqft · Single Family
$949K
Est. $4,560/mo
1883 Fox Bridge Court
3bd / 2.5ba · 2,721 sqft · Single Family
$840K
Est. $4,492/mo
1031 Inverlochy Drive
3bd / 2.5ba · 2,612 sqft · Single Family
$919K
Est. $4,358/mo
1832 Camino Rainbow
3bd / 2.5ba · 2,820 sqft · Single Family
$1.04M
Est. $4,784/mo
1474 Via Encinos
3bd / 2.5ba · 2,588 sqft · Single Family
$1.15M
Est. $4,522/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
16 leases of 3-bed houses in 92028 · $4,500–$4,896
Blended 50/50 with the zip's market median ($4,127)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,974/mo short at 20% down; 80% down or +$5,161/mo rent closes it.
- Break-even price
- $444,908
- Break-even rent
- $9,577/mo
- Cashflow at 35% down
- −$2,976/mo
- Down payment to break even
- 80%
- Rate to break even
- Not reachable
54% under asking
$5,161/mo above the estimate
$772,000 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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