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.
Single-familyProperty Type
1977Year Built
4.48 acresLot Size
$442Est. Price/Sq.Ft.
2 car garageParking
Listed by Sam Miskowicz•DRE #02082087• Real Brokerage Technologies
Contact: 858-361-2099
Bought with Alex Eychis•DRE #01875191• Estate Properties
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
6
Baths
4
Stories
—
Lot width
—
Lot depth
—
Lot size
4.48 Acres
Year renovated
1977
Sq. Ft.
3,713
Year built
1977
Style
Multi-Family (2-4 Unit)
County
San Diego County
APN
1260101600
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 20, 2026.
RR
Rural Residential District
The RR Use Regulations are intended to create and enhance residential areas where agricultural use compatible with a dominant, permanent residential use is desired. Typically, the RR Use Regulations would be applied to rural or semi-rural areas where urban levels of service are not available and where large lots are desired. Various applications of the RR Use Regulations with appropriate development designators can create buffers between residential and agricultural uses, family or small farm areas, or large lot rural residential developments.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Fire house
Agriculture-Cropland
Agriculture-Grove / orchard
Park & open space
Property details
Parking
Parking / Garage Information
Attached Garage
# of Garage Spaces: 2
Circular Driveway, Driveway
Has Parking
# of Parking Spaces: 2
Interior
Laundry Information
Has Laundry
Dryer Included, Individual Room, Washer Included
Kitchen Information
Appliances: Convection Oven, Dishwasher, Double Oven, Electric Oven, Electric Range, Electric Stove, Garbage Disposal, Instant Hot Water, Microwave, Range/Stove Hood, Refrigerator, Self Cleaning Oven, Vented Exhaust Fan
Has Appliances
Butler’s Pantry, Pots & Pan Drawers, Self-closing drawers
Bathroom Information
# of Baths (Full): 4
Double sinks in bath(s), Double Sinks In Master Bath, Exhaust fan(s), Shower in Tub, Bathtub
Cooling Information
Central
Has Cooling
Room Information
All Bedrooms Down, Great Room, Kitchen, Laundry, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom, Walk-In Closet, Walk-In Pantry
Fireplace Information
Great Room, Guest House
Has Fireplace
Flooring Information
Wood
Heating Information
Central Furnace, Propane
Has Heating
Interior Features
Entry Level: 1
Entry Location: door/garage
Ceiling Fan, Crown Moldings, High Ceilings (9 Feet+), Pantry, Storage Space, Wired for Data