168 5th Street
Rainbow, CA 92028
- – beds
- – baths
- – sqft
- ~10 acre lot
- – on site
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DRASTIC PRICE REDUCTION!! Motivated Seller! WANTS IT SOLD NOW!! Investment Opportunity! Enjoy monthly income of ($2000/MONTH) billboard sign lease. The subject property includes 2 parcels totaling 16.8 acres (APN #102-530-18-00 and APN #102-530-19-00) At the miniumu will support 2 residential sites. There is approx. 849 feet of frontage off Old Highway 395, including direct frontage of Interstate 15. The property is also right next door to the historic Rainbow Oaks Restaurant which also includes a gas station, grocery store, and cabanas. There are many potentials such as: residential use, nursery, storage,small rv park or other commercial use with a possible zoning change or CUP (Conditional Use Permit). Buyer to verify any potential use with San Diego County Building and Safety Dept. Many possible home sites, flat usable land, a panoramic view, lush tropical vegetation, endless oak tress, and a year round creek running through the property. Will clean up like a park!! Buyer to verify property access points. All utilities are at the street, there is a 2" water meter. There is a MWD Aqueduct easement going between the 2 properties Property nearest freeway has an old elevated pad site on south part upper area. Fantastic Opportunity awaits! 2 APNS 102-530-18,19 San Diego county Fallbrook Hwy 395 and I-15 Northbound exposure!! Submit All Offers! Seller wants it sold NOW !
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Last updated Nov 16, 2023
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MLS# SW23140907 —
Walk Score®
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Soundscore™
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/15/23
Nov 15, 2023
|
Sold | CRMLS_CA | $500,000 | -39.4% |
|
9/29/23
Sep 29, 2023
|
Sold Subject To Contingencies | CRMLS_CA | $825,000 | |
|
9/6/23
Sep 6, 2023
|
Price Changed | CRMLS_CA | $825,000 | -10.8% |