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5221 Olive Hill Road Fallbrook, CA 92028
$1,649,000 7 beds, 4 baths
3, 600 sqft
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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 Details

Property type: Single Family Residence (Single Family)
Status: Active
MLS# NDP2504685
List price is $1,649,000
HOA Fee is $0.00
Beds: 7
Baths: 4 (4 full)
Great Room,Guest Accommodations fireplaces
Built in 1977
3,600 sqft
1 story
4.48 acres
Lot size: 4.4800
County: San Diego
Zoning: R-1:SINGLE FAM-RES
Interior features: Ceiling Fan(s),Crown Molding,High Ceilings,Pantry,Storage,Wired for Data,All Bedrooms Down,Bedroom on Main Level,Instant Hot Water,Main Level Primary,Walk-In Pantry,Walk-In Closet(s)
Appliances: Convection Oven,Double Oven,Dishwasher,Electric Cooktop,Electric Oven,Electric Range,Disposal,Microwave,Refrigerator,Range Hood,Self Cleaning Oven,Vented Exhaust Fan,Dryer,Washer
Parking description: Circular Driveway,Driveway
Lot description: Gentle Sloping,Lot Over 40000 Sqft
Heating/cooling: Central Air
Heating description: Central,Propane
MLS area: 92028 - Fallbrook

Last Updated: 7/4/2025

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This listing belongs to the 92028 - Fallbrook MLS area

Lat/Long: 33.295499, -117.243506.
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Listing Agent: Sam Miskowicz
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

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Lic#: 01276603

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Tustin, CA 92780
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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