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… Read More 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. Read Less
Listed by Real Broker619-248-6434, Sam Miskowicz
Listing Snapshot
Days Online
24
Last Updated
Property Type
Detached
Beds
7
Full Baths
4
Square Ft.
3,600
Lot Size
4.48 Acres
Year Built
1977
MLS Number
NDP2504685
30 Days Snapshot Of 92028
$1.09M
+13%
(avg) sold price
45
-21%
homes sold
39
+8%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
3,600 estimated square feet, Built in 1977, 1 story, 1 story
Cooling
Central Forced Air
Floors
Wood
Water Features
Instant Hot Water
Heating
Forced Air Unit, Propane
Laundry
Laundry Room
Lot
Approximately 195,148 square feet, 4+ to 10 AC, Approximately 4 acres
Miscellaneous
Foothills
Garage
2 garage parking spaces
Parking
2 total parking spaces, Non-Garage Parking: Driveway, Circular Driveway
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Based on information from the San Diego MLS /Association of REALTORS®
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Source: San Diego MLS
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