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About the Listing 15184 - 107383
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.
Listing Highlights for 5221 Olive Hill Rd
Status
Pending
Days on Site
115
Property Type
Residential
MLS ®
NDP2504685
Year Built
1977
Total Square Footage
3,600
Lot/Acreage
4.48
Interior Details
- Bedrooms: 7
- Bathrooms: 4 Full
- Appliances: Convection Oven, Dishwasher, Double Oven, Electric Oven, Electric Range, Electric Cooktop, Disposal, Instant Hot Water, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Vented Exhaust Fan
- Air Cond: Central Air
- Heating: Central,Propane
- Fireplaces: Great Room,Guest House
- Floor: Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Ceiling Fan(s),Crown Molding,High Ceilings,Pantry,Storage,Wired for Data
- Water:
Exterior Details
- Lot Description: Gentle Sloping,Lot Over 40000 Sqft,No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 2
- Zoning: R-1:SINGLE FAM-RES
- Roof:
- Others: Guest House,Shed(s),Has ADU
- Sewer: Conventional Septic
- Parking Features: Circular Driveway,Driveway
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 1260101600
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
5221 Olive Hill Rd Fallbrook, CA 92028
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