5221 Olive Hill Road
Fallbrook, CA 92028
- 7 beds
- 4 baths
- 3,600 sqft
- ~4 acre lot
- $458 per sqft
- 1977 build
- – on site
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. Around 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.
Last checked:
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Last updated May 17, 2025
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MLS# NDP2504685 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1977
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Year Built Source:Assessor
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Stories Total:1
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Entry Level:1
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Common Walls:No Common Walls
Interior
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Features:Ceiling Fan(s), Crown Molding, High Ceilings, Pantry, Storage, Wired for Data
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Levels:One
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Entry Location:door/garage
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Kitchen Features:Butler's Pantry, Pots & Pan Drawers, Self-closing drawers
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Window Features:Blinds, Double Pane Windows, ENERGY STAR Qualified Windows
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Flooring:Wood
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Room Type:All Bedrooms Down, Great Room, Kitchen, Laundry, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom, Walk-In Closet, Walk-In Pantry
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Living Area Units:Square Feet
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Fireplace:Yes
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Fireplace:Great Room, Guest House
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Laundry:Dryer Included, Individual Room, Washer Included
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Laundry:1
Room Dimensions
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Living Area:3600.00
Location
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Directions:gate is on Olive Hill & Miles Ranch Rd
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Latitude:33.29549900
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Longitude:-117.24350600
The Property
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Property Type:Residential
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Subtype:Single Family Residence
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Zoning:R-1:SINGLE FAM-RES
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Lot Features:Gentle Sloping, Lot Over 40000 Sqft
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Lot Size Area:4.4800
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Lot Size Acres:4.4800
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Lot Size SqFt:195148.80
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Lot Size Source:Assessor
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View:1
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View:Canyon, Hills, Meadow, Mountain(s), Neighborhood, Panoramic
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Fence:No
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Sprinklers:No
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Security Features:Automatic Gate, Card/Code Access, Fire Sprinkler System, Gated Community, Security Lights
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Other Structures:Guest House, Shed(s)
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Land Lease:No
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Lease Considered:No
Listing Agent
- Contact info:
- No listing contact info available
Beds
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Total Bedrooms:7
Baths
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Total Baths:4
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Bathroom Features:Double sinks in bath(s), Double Sinks in Primary Bath, Exhaust fan(s), Shower in Tub, Bathtub
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Full & Three Quarter Baths:4
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Full Baths:4
The Listing
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Special Listing Conditions:Standard
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Parcel Number:1260101600
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Showings Begin:2025-05-15
Heating & Cooling
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Heating:1
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Heating:Central, Propane
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Cooling:Yes
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Cooling:Central Air
Utilities
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Sewer:Conventional Septic
Appliances
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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
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Included:Yes
Schools
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High School District:Fallbrook Union
The Community
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Units in the Community:No
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Features:Foothills, Stable(s), Biking
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Assessments:Yes
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Assessments:Special Assessments
Parking
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Parking:Yes
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Parking:Circular Driveway, Driveway
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Parking Spaces:2.00
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Attached Garage:Yes
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Garage Spaces:2.00
Monthly cost estimate

Asking price
$1,649,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$8,829
|
Taxes | N/A |
Insurance | $453 |
Utilities | $290 See report |
Total | $9,572/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
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5/15/25
May 15, 2025
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Listed / Active | CRMLS_CA | $1,649,000 | |
11/4/24
Nov 4, 2024
|
Listed / Active | BRIDGE | ||
11/3/24
Nov 3, 2024
|
Listed / Active | CRMLS_CA |