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Earn around $50,000 of annual rental income with not one but two ADU's. Welcome to 5221 Olive Hill Road and some of the best views in Fallbrook. This remarkable multi-use property nestled in the scenic hills of South Fallbrook sits on over 4 sprawling acres and offers an incredible blend of residential comfort, income opportunities and versatile outdoor space, all framed with breathtaking panoramic views. The 3 detached homes that come with this purchase are located in a gated community featuring only 12 homes. The heart of the property is a beautifully maintained 3 bedroom, 2 bathroom single story home which perfectly captures the tranquility and natural beauty of Fallbrook. Expansive windows and sliding glass doors flood the interior with natural light while offering sweeping views of the surrounding hills and countryside. The views are truly unforgettable. Enhancing the properties appeal are two fully detached ADU's both of which have their own private driveway and fully fenced exterior spaces. The 3 bedroom 1 bath ADU is ideal for extended family, guests or as a rental, whilst the cozy 1 bedroom 1 bathroom provides even further flexibility and could also be used as an additional rental property and comes with a detached studio that can be used as an office, artist loft or for extra storage space. 2 acres of the exterior space sits on a gentle sloping terrain, making it an ideal space for horses, a vineyard, gardening or the ultimate backyard playground. Enjoy country living at its finest with this unique and versatile multi family compound.
Address |
5221 Olive Hill
Fallbrook, CA 92028 |
Listing Status | Active |
Asking Price | $1,649,000 |
Original Listing | $1,649,000 @ 2025-05-15 |
Age Restriction | 0 |
Property Type | |
Mello-Roos Fee | None Listed |
HOA Fee | $0 |
HOA Features | Foothills, Stable(s), Biking |
Square Footage | Not Disclosed |
Flooring | Wood |
Bedrooms | 7 |
Full Bathrooms | 4 |
Directions | gate is on Olive Hill & Miles Ranch Rd |
Market Area | 92028 - Fallbrook |
School District | Not Listed |
County | San Diego |
Assessor Parcel# | 1260101600 |
Zoning | R-1:SINGLE FAM-RES |
Geographic Areas | |
Highway Locator |
West of I-15 East of I-5 North of SR-56 North of SR-78 |
Ocean Distance | 17.2 miles |
Year Built | 1977 (source: Assessor) |
Laundry Location | Dryer Included,Individual Room,Washer Included |
Elevator | Not Listed |
Cooling | Central Air |
Heating | Central, Propane |
Sewer/Septic | Conventional Septic |
Fireplaces | Great Room,Guest House (1) |
Security | Automatic Gate, Card/Code Access, Fire Sprinkler System, Gated Community, Security Lights |
Interior Features | Ceiling Fan(s), Crown Molding, High Ceilings, Pantry, Storage, Wired for Data |
Appliances | Yes |
Assessments | Yes |
Association | No |
Attached Garage | Yes |
Common Walls | No Common Walls |
Cooling | Yes |
Entry Location | door/garage |
Heating | Yes |
High School District | Fallbrook Union |
Land Lease | No |
Laundry | Yes |
Levels | One |
Living Area Units | Square Feet |
Lot Features | Gentle Sloping, Lot Over 40000 Sqft |
Lot Size Source | Assessor |
Lot Size Units | Acres |
Parking | Yes |
Pool Private | No |
Property Attached | No |
Room Bathroom Features | Double sinks in bath(s), Double Sinks in Primary Bath, Exhaust fan(s), Shower in Tub, Bathtub |
Room Kitchen Features | Butler's Pantry, Pots & Pan Drawers, Self-closing drawers |
Sprinklers | No |
Tax Model | |
View | Yes |
Window Features | Blinds, Double Pane Windows, ENERGY STAR Qualified Windows |
Platform | CRMLS |
AOR | North San Diego County |
MLS Number | NDP2504685 |
Courtesy of | Real Broker |
Listing Agent |
Sam
Miskowicz
858-361-2099 |
https://www.californiatophomes.com/NDP2504685
Style | Single Family Residence |
Material | Not Listed |
Lot Size | ~ 195,149 sf |
Fencing | Not Listed |
Topography | Not Listed |
Entry Steps | 1 |
Swimming Pool | None |
Exclusive Yard | 0 |
Parking |
Circular Driveway
Driveway
Total Spaces: 2.00
Garage Spaces: 2.00
Non-Garage Spaces:
0 -
|
View | Canyon, Hills, Meadow, Mountain(s), Neighborhood, Panoramic |