4488 La Canada

4488 La Canada

Ctop 80%

Fallbrook, CA 92028

$965,000
NEW — 1d

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

Principal & Interest$5,324
Property Tax$965
Insurance$281
%($193,000)
%
Loan Term

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.

Investment Score

30C
Est. Monthly Rent
$4,416

16 leases of 3-bed houses in 92028 · $4,500–$4,896

Blended 50/50 with the zip's market median ($4,127)

Monthly Cashflow

Rent − PITIA

-$2,154
Full Cashflow

Incl. vacancy, PM, maint, capex

-$3,974

What would make this work?

$3,974/mo short at 20% down; 80% down or +$5,161/mo rent closes it.

Break-even price

54% under asking

$444,908
Break-even rent

$5,161/mo above the estimate

$9,577/mo
Cashflow at 35% down
−$2,976/mo
Down payment to break even

$772,000 cash

80%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,324
Cap Rate
1.95%
Cash-on-Cash
-24.71%
DSCR

Need ≥ 1.25 for DSCR loan

0.67

NOI (Annual)
$18,851
Price-to-Rent

Lower = better for investors

18.2

* 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−$3,974/mo