5221 Olive Hill rd, Fallbrook, CA 92028
| Property type: | Single Family Residence |
| MLS #: | NDP2504685MR |
| Year Built: | 1977 |
| Days On Market: | 205 |
| Listing Date: | May 15, 2025 |
| County: | San Diego |
Property Details / Mortgage Calculator / Community Information / Architecture / Features & Amenities / Rooms / Property Features
Property Details
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.Interested in this Listing?
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PURCHASE & FINANCING INFORMATION |
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Community Information
| Address: | 5221 Olive Hill rd, Fallbrook, CA 92028 |
| Area: | R-1:SINGLE FAM-RES - 2220 |
| County: | San Diego |
| City: | Fallbrook |
| Zip Code: | 92028 |
Architecture
| Bedrooms: | 7 |
| Bathrooms: | 4 |
| Year Built: | 1977 |
| Stories: | 1 |
Garage / Parking
| Parking Garage: | Circular Driveway, Driveway |
Community / Development
| Community Features: | Foothills, Stable(s), Biking |
Features / Amenities
| Appliances: | Convection Oven, Double Oven, Microwave, Oven-Electric, Range, Self Cleaning Oven |
| Laundry: | Dryer, Dryer Included, Room, Washer, Washer Included |
| Pool: | None |
| Security Features: | Automatic Gate, Card/Code Access, Exterior Security Lights, Fire Sprinklers, Gated |
| Private Pool: | No |
| Private Spa: | Yes |
| Common Walls: | Detached/No Common Walls |
| Cooling: | Central |
| Heating: | Central, Propane Gas |
Property Features
| Lot Size: | 195,148 sq.ft. |
| View: | Canyon, Hills, Panoramic |
| Zoning: | R-1:SINGLE FAM-RES |
| Directions: | gate is on Olive Hill & Miles Ranch Rd |
Tax and Financial Info
| Buyer Financing: | Cash |
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Active
$ 1,649,000
7 Beds
4 Full
3,600 Sq.Ft
Lot: 195,148 Sq.Ft
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