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CASH PURCHASE ONLY!!! Located on the desirable west side of town with close proximity to the 76 and downtown, this unique 2.43-acre property offers exceptional potential for the right buyer. The existing farmhouse is a true **fixer-upper**, ideal for an **owner-user looking to build sweat equity** while enjoying privacy, views, and usable land. Zoned **Multi-Family Dwelling 2+**, the property includes a large square footage, a detached barn, and an accessory workshop—perfect for storage, hobbies, or future improvements. A seasonal stream flows along the lower portion of the lot, adding charm and natural appeal. Old well located by the stream, could be revitalized by new owner. Current owner has never utilized it. Due to the condition, this will likely require a **CASH PURCHASE ONLY**. **or HARD MONEY FINANCING may be possible**, but **NO FHA or VA offers** will be considered.
| Address |
3341 Olive Hill
Fallbrook, CA 92028 |
| Listing Status | Active |
| Asking Price | $750,000 |
| Original Listing | $750,000 @ 2025-06-24 |
| Age Restriction | 0 |
| Property Type | |
| Mello-Roos Fee | None Listed |
| HOA Fee | $0 |
| HOA Features | Mountainous, Rural |
| Square Footage | Not Disclosed |
| Bedrooms | 6 |
| Full Bathrooms | 5 |
| Directions | Olive hill to 3341 Olive Hill Rd. Please use GPS |
| Market Area | 92028 - Fallbrook |
| School District | Not Listed |
| County | San Diego |
| Assessor Parcel# | 1210221500 |
| Zoning | R-1:SINGLE FAM-RES |
| Geographic Areas | |
| Highway Locator |
West of I-15 East of I-5 North of SR-78 |
| Ocean Distance | 19.3 miles |
| Year Built | 1950 (source: Assessor) |
| Laundry Location | In Garage |
| Elevator | Not Listed |
| Cooling | None |
| Heating | |
| Sewer/Septic | Conventional Septic |
| Fireplaces | None (0) |
| Appliances | No |
| Assessments | No |
| Association | No |
| Attached Garage | Yes |
| Common Walls | No Common Walls |
| Cooling | No |
| Entry Location | Front |
| Heating | No |
| High School District | Fallbrook Union |
| Land Lease | No |
| Laundry | Yes |
| Levels | Two |
| Living Area Source | Assessor |
| Lot Features | Gentle Sloping, Horse Property Unimproved, Rectangular Lot, Rolling Slope, Value In Land |
| Lot Size Source | Assessor |
| Lot Size Units | Acres |
| Main Level Bathrooms | 2 |
| Main Level Bedrooms | 3 |
| Parking | No |
| Pool Private | No |
| Property Attached | No |
| Sprinklers | No |
| Tax Model | |
| View | Yes |
| Platform | CRMLS |
| AOR | North San Diego County |
| MLS Number | NDP2506210 |
| Courtesy of | Swell Property |
| Listing Agent |
Angel
Lopez
Angel@TheLopezGroupsd.com |
https://www.sandiegocondofinder.com/NDP2506210
| Style | Single Family Residence |
| Material | Not Listed |
| Lot Size | ~ 105,851 sf |
| Fencing | Not Listed |
| Topography | Not Listed |
| Entry Steps | 1 |
| Swimming Pool | None |
| Exclusive Yard | 0 |
| Parking |
Total Spaces: 12.00
Garage Spaces: 2.00
Non-Garage Spaces:
0 -
10.00
|
| View | Hills, Mountain(s) |