Old Highway 395 Fallbrook
CdirtFallbrook, CA 92028
Lot Size
16.80 acres
Asking $/Acre
$46,190
Days on Market
131
Property Type
Land
HOA/mo
N/A
MLS ID
SW26143744
This property is in Fallbrook (92028). View the Fallbrook land market →
About This Property
Two spectacular parcels for sale zoned as Rural Residential. Parcels are 9.53 and 7.27, and border the north side of the Rainbow Restaurant then south and east, on Historic Old Highway 395. These parcels are prime for housing developments, builder owner, storage, agriculture, or living off the grid. The larger parcel includes prime advertising space with hundreds of thousands of views per week. There is currently a billboard lease with several years remaining with an advertiser who subleases it. Seller earns $2,000 per month from 1 billboard, which is highly discounted. There is much more income potential from the 1 billboard as well as potential to create more. Why not multiply your income? You could potentially build up the advertising income to pay off your development costs. The advertising potential is just icing on the cake. Water, gas, electric are all extremely close to the property line.
Location
Loading map...
What a Buyer Will Check
Caution: fire, hillsideAbout 7.5 acres of rural acreage on 5th St, county land with a Fallbrook address, zoned RR, rural residential, 1-acre minimum lot. The zoning allows about 7 homes (1 per acre). Part of it slopes: lidar puts the median slope at 25%, with 46% of it over 25%, and the soil survey calls it rocky sandy loam, somewhat excessively drained, very limited for houses. It sits outside the flood zone, in a Very High fire zone. No public road frontage was found. Water comes from Rainbow Municipal Water District.
- Slopemedian 25%, 46% over 25%, about 4.0 acres under 25%USGS 1 m lidar
- Soilrocky sandy loam, somewhat excessively drained, very limited for housesNRCS soil survey · Sep 11, 2026
- Floodzone X, minimalFEMA flood map · Aug 28, 2008
- FireVery HighCAL FIRE hazard zones
- Road frontageno public road frontage foundSanGIS rights of way · Nov 3, 2026
- ZoningRR, rural residential, 1-acre minimum lotCounty of San Diego zoning · Apr 7, 2026
- Homes allowedabout 7 (1 per acre)County of San Diego zoning · Apr 7, 2026
- WaterRainbow Municipal Water DistrictSANDAG water districts
- SewerUnknown: no answer in the public recordCounty sewer and septic screening · May 7, 2025
- Coastal ZoneoutsideSANDAG coastal zone
- Farm contractno farm contractCounty farm contracts
- Elevation1,102 ft, 1,048 to 1,161 ft across the lotUSGS 1 m lidar
From FEMA, USGS lidar, the USDA soil survey, CAL FIRE, SANDAG and county and city zoning, checked Nov 7, 2026. Public records, not a survey: confirm with the city or county before you buy.
Want to know more about this land or have questions?
Zoned Schools
Elementary
Vallecitos Elementary · grades K-8 · Vallecitos Elementary
Middle
Vallecitos Elementary · grades K-8 · Vallecitos 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.
- Lot size
- 16.80 acres
- Asking $/acre
- $46,190
- Zip median $/acre (sold)
- $29,486
- Comp-implied value
- $438,483
- Oct 16, 2026$777,000 → $776,000-0.1%
Benchmarked against 2,889 sold-land comps (5-yr, recency-weighted) via zip price-size model · high confidence. Land value is site-specific — zoning, utilities, access, and buildability are not modeled. Not an appraisal.