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. Around 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.
|
DAYS ON MARKET
|
1
|
LAST UPDATED
|
5/12/2025
|
|
YEAR BUILT
|
1977
|
COMMUNITY
|
Fallbrook
|
|
GARAGE SPACES
|
2.0
|
COUNTY
|
San Diego
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Single Family
|
| School District |
Fallbrook Union |
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Convection Oven, Dishwasher, Disposal, Double Oven, Dryer, Electric Cooktop, Electric Oven, Electric Range, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Vented Exhaust Fan, Washer |
| AREA |
Fallbrook |
| FIREPLACE |
Yes |
| GARAGE |
Circular Driveway, Driveway, Yes |
| HEAT |
Central, Propane |
| HOA DUES |
0 |
| INTERIOR |
All Bedrooms Down, Bedroom on Main Level, Ceiling Fan(s), Crown Molding, High Ceilings, Instant Hot Water, Main Level Primary, Pantry, Storage, Walk-In Closet(s), Walk-In Pantry, Wired for Data |
| LOT |
4.48 acre(s) |
| LOT DESCRIPTION |
Gentle Sloping, Lot Over 40000 Sqft |
| PARKING |
Circular Driveway,Driveway |
| POOL DESCRIPTION |
None |
| SEWER |
Septic Tank |
| STORIES |
1 |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Canyon,Hills,Meadow,Mountain(s),Neighborhood,Panoramic |
| ZONING |
R-1:SINGLE FAM-RES |
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Listed with Real Broker
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/13/25 8:45 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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