About 5221 Olive Hill Road
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.
Features of 5221 Olive Hill Road
| MLS® # | NDP2504685 |
|---|---|
| Price | $1,649,000 |
| Bedrooms | 7 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 3,600 |
| Acres | 4.48 |
| Year Built | 1977 |
| Type | Residential |
| Sub-Type | Detached |
| Status | Closed |
Community Information
| Address | 5221 Olive Hill Road |
|---|---|
| Area | FALLBROOK (92028) |
| City | Fallbrook |
| County | San Diego |
| State | CA |
| Zip Code | 92028 |
Amenities
| Parking Spaces | 2 |
|---|---|
| # of Garages | 2 |
| View | Meadow,Mountains/Hills,Neighborhood,Panoramic,Valley/Canyon |
| Is Waterfront | No |
| Has Pool | No |
| Pool | N/K |
Interior
| Interior Features | Pantry |
|---|---|
| Appliances | Dishwasher,Disposal,Dryer,Microwave,Refrigerator,Washer,Convection Oven,Double Oven,Electric Oven,Electric Range,Self Cleaning Oven,Vented Exhaust Fan |
| Heating | Forced Air Unit |
| Cooling | Central Forced Air |
| Fireplace | Yes |
| Fireplaces | Great Room,Guest House |
| # of Stories | 1 |
| Stories | 1 Story |
School Information
| District | Fallbrook Union High School Dist |
|---|
Additional Information
| Date Listed | May 12th, 2025 |
|---|---|
| Days on Market | 73 |
| Zoning | R-1:SINGLE |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Real Broker |
|---|
