5221 Olive Hill Rd, Fallbrook, CA 92028

$1,470,325
7
BD
4
BA
3,600
SqFt

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Listing courtesy of Listing Agent: Sam Miskowicz (858-361-2099) from Listing Office: Real Broker.

Selling Office: NON LISTED OFFICE.

Sold Price
$1,470,325
List Price
$1,649,000
Status
CLOSED
Closing Date
Oct 08, 2025
MLS#
NDP2504685
Subtype
Residential
Year Built
1977
Bedrooms
7
Bathrooms
4
Full Baths
4
Living Area
3,600
Lot Size
195,148
Acres
4.48
MLS Area Major
North County Inland

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 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. 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.

Additional Information

Interior Features
Pantry
Zoning
R-1:SINGLE
Flooring
Wood
Appliances
Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Convection Oven, Double Oven, Electric Oven, Electric Range, Self Cleaning Oven, Vented Exhaust Fan
Heating
Forced Air
Air Conditioning
Central Air
Stories
1
Levels
One
Garage Spaces
2
School District
Fallbrook Union High School Dist
Elementary School
Fallbrook Union Elementary Distr
Middle School
Fallbrook Union Elementary Distr
High School
Fallbrook Union High School Dist
View
Meadow, Mountain(s), Neighborhood, Valley

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

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