www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
34232065
34232064

Rancho Alegre Road, Fallbrook, CA 92028

MW
CA 01367183
Lee & Associates San Diego - Carlsbad
AA
CA 01323215
Lee & Associates San Diego - Carlsbad
Listed by Lee & Associates San Diego - Carlsbad
Unpriced
90 days on market
Updated 2 days ago

Fallbrook - Rancho Alegre 33 lots

Details
APN 108-481-01-00; 108-481-02-00; 108-481-03-00; 108-481-04-00; 108-481-20-00; 108-481-19-00; 108-481-21-00; 108-481-05-00; 108-481-18-00; 108-481-15-00; 108-481-17-00; 108-481-16-00; 108-481-12-00; 108-481-11-00; 108-481-06-00; 108-481-07-00; 108-481-10-00; 108-480-01-00; 108-481-08-00; 108-481-09-00; 108-481-13-00; 108-481-14-00; 108-480-08-00; 108-480-12-00; 108-480-10-00; 108-480-11-00; 108-480-09-00; 108-480-07-00; 108-480-02-00; 108-480-03-00; 108-480-06-00; 108-480-04-00
Property Type Land
Acreage 115.920
Zoning Agriculture (A-70); Semi-Rural Residential (SR-2)

Land | 115.92 acres

Marketing description

The subject property comprises 33 parcels totaling approximately 115.92 acres of vacant land, zoned for single-family residential development. The Rancho Allegre Development features a fully approved final map, creating 33 subdivided estate-sized lots ranging from approximately 2 to 8 acres each. The project thoughtfully incorporates nine designated open space areas, enhancing the overall character while preserving the natural landscape.

On-site infrastructure includes three installed water meters (2”, 3”, and 4”), with electrical service readily available. The development is planned in two phases: Phase 1 consists of 8 lots and is envisioned as a gated community offering an elevated level of privacy, exclusivity, and luxury living. These premier homesites are positioned to capture scenic views of the surrounding hills and countryside, making them ideal for custom estate residences. Phase 2 includes the remaining 25 lots, with improvement plans scheduled to be completed as part of Phase 1.

Currently designed for septic systems, the project also offers the potential to connect to sewer, with an access point located at the intersection of Reche Road and Ranger Road, approximately 2,200 feet from the site.

The property is ideally situated within an established and growing area, surrounded by residential neighborhoods, parks, and schools, with convenient access to Interstate 15 and the Pala Mesa Resort & Golf Course. Strong housing demand continues to grow along the I-15 corridor, driven by its strategic connectivity between Riverside and San Diego. The property’s location offers a compelling advantage for commuters, with meaningful time savings compared to longer distance alternatives making it an attractive option for buyers seeking both accessibility and lifestyle convenience. Additionally, Fallbrook has gained recognition as an emerging wine country destination, and the underlying zoning allows for the cultivation of grapes—presenting a unique opportunity for vineyard estates or agrarian luxury living.

The subject property is located along Rancho Allegre Road in Fallbrook, CA. The site is 0.50 mile west of Interstate 15, 6.00 miles east of Downtown Fallbrook, and approximately 4.00 miles north from Highway 76.

Investment highlights

  • AB1033 potential - split the lots and sell “ADUs” of 1,200 SF for a total of 66 for sale lots
  • 33 parcels totaling approximately 115.92 gross acres
  • Build-to-Rent potential (99+ units) or Assisted Living / resort-style development
  • Potential for 87 lots with density bonus or 117 lots with double density bonus
  • Home Sales in the immediate vicinity average over $2,300,000
  • Situated in Fallbrook Wine Country, with zoning that allows for vineyard development and grape cultivation
  • Phase 1 plans complete for an exclusive gated community featuring 8 scenic-view estate lots
Icon
Powered by San Diego MLS
Learn More

Listing Contacts

MW
CA 01367183
Lee & Associates San Diego - Carlsbad
AA
CA 01323215
Lee & Associates San Diego - Carlsbad
Listed by Lee & Associates San Diego - Carlsbad

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Zoning

Intelligence Badge
A70-AR(L)-D(-)-LOT(1AC)-BT(C)-MFAR(-)-FAR(-)-H(G)-COV(-)-SB(C)-OS(-)-SR(B) AgricultureLimited Agriculture
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 132 uses
View all 132 uses
Last updated Mar 9, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591