5221 Olive Hill Road Open House Save Request In-Person Tour Request Virtual Tour
Fallbrook,CA 92028
OPEN HOUSE
Sun May 18, 12:00pm - 3:00pm
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $458
MLS Listing ID NDP2504685
Style Detached
Bedrooms 7
Full Baths 4
HOA Y/N No
Year Built 1977
Lot Size 4.480 Acres
Acres 4.48
Property Sub-Type Detached
Property Description
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.
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.
Location
State CA
County San Diego
Area Fallbrook (92028)
Zoning R-1:SINGLE
Interior
Interior Features Pantry
Heating Propane
Cooling Central Forced Air
Flooring Wood
Fireplaces Type Great Room,Guest House
Equipment Dishwasher,Disposal,Dryer,Microwave,Refrigerator,Washer,Convection Oven,Double Oven,Electric Oven,Electric Range,Self Cleaning Oven,Vented Exhaust Fan
Appliance Dishwasher,Disposal,Dryer,Microwave,Refrigerator,Washer,Convection Oven,Double Oven,Electric Oven,Electric Range,Self Cleaning Oven,Vented Exhaust Fan
Laundry Laundry Room
Exterior
Garage Spaces 2.0
View Mountains/Hills,Panoramic,Valley/Canyon,Meadow,Neighborhood
Total Parking Spaces 2
Building
Story 1
Lot Size Range 4+ to 10 AC
Sewer Conventional Septic
Level or Stories 1 Story
Schools
Elementary Schools Fallbrook Union Elementary District
Middle Schools Fallbrook Union Elementary District
High Schools Fallbrook Union High School District
Others
Monthly Total Fees $13
Miscellaneous Foothills
Acceptable Financing Cash,Conventional,FHA,VA
Listing Terms Cash,Conventional,FHA,VA
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2504685