5221 Olive Hill Road , Fallbrook, CA 92028

760-295-9023

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.

  • Detached home
  • 27 Days on the Market
  • Built in 1977
  • 1 story
  • R-1:SINGLE Zoning
  • Parking Type
  • 2 Parking spaces
  • 4 to 10 acres
  • Age Restrictions:
  • Property Restrictions:
  • Pets Allowed: Unknown
  • Sewer: Conventional Septic
  • Fallbrook Elementary School District*

Features

Central Forced Air cooling Not Known swimming pool Propane heating

Fees and Assessments

HOA fees: $0, Mello Roos Fees: $158, Other fees: *Rebate only available when offer is presented by a sdReOffers agent and signed exclusive buyers agreement and you follow the offer submission steps. Amount of Rebate will be presented to you before offer is submitted to seller.
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Courtesy of Real Broker
See this home on the internet at sdREOffers.com
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