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1555 Hillcrest, Fallbrook, California 92028, Fallbrook, 92028 - 5 bed, 4 bath

1555 Hillcrest, Fallbrook, California 92028 home-pic-0
ACTIVE$759,900
1555 Hillcrest, Fallbrook, California 92028
5Beds
4Baths
2,908Sqft
17,424Lot
Year Built
1949
Close
-
List price
$760K
Original List price
$800K
Price/Sqft
$261
HOA
-
Days on market
-
Sold On
-
MLS number
OC25248683
Home ConditionFair
Features
Good View: Hills, Mountain(s), Neighborhood
ViewHills, Mountain(s), Neighborhood

About this home

Great Deal:The estimated price is 5% above the list price. We found 3 Cons,6 Pros. Rank: price - $759.9K(30th), sqft - 2908(71th), beds - 5(88th), baths - 4(74th).

*TWO HOMES ON A LOT !*SOLAR !*EXCEPTIONAL INCOME POTENTIAL !*This unique property features two homes on one spacious lot, offering exceptional flexibility and income potential. The main home spans approximately 1,508 square feet and includes an additional living space added just 10 years ago, complete with three bedrooms, two full baths, a full kitchen, and a private entrance — perfect for guests, multi-generational living, or rental income.Set on nearly half an acre, the property includes an attached two-car garage and solar panels for outstanding energy efficiency. Inside, you’ll find bright, generously sized rooms with ample closet space and abundant natural light. The spacious kitchen features convenient pots-and-pans drawers and is ideal for the home chef. From the living room, enjoy breathtaking mountain and hillside views that make every day feel serene. Conveniently located near Historic Downtown Fallbrook, this home is close to boutique shopping, popular restaurants, and just a short drive to Temecula’s renowned wineries, golf courses, and beach cities.

Price History

Date
Event
Price
11/11/25
Price Change
$759,900-5.0%
10/28/25
Listing
$799,900
Condition Rating
Fair
The property, originally built in 1949, shows signs of age and dated aesthetics in its main living areas, including wallpaper borders, older light fixtures, and rustic dining furniture. While an additional living space was added 10 years ago, the visible bathroom appears functional but not recently updated to modern standards, and a window AC unit suggests a lack of central air conditioning. The property is maintained but requires significant aesthetic and potentially system updates to meet current quality and style expectations.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17424, living area = 2908.
Exceptional Income Potential: This unique property features two homes on one spacious lot, offering significant flexibility for rental income, multi-generational living, or guest accommodations, with a recently added (10 years ago) separate living space.
Energy Efficiency: Equipped with solar panels, the property boasts outstanding energy efficiency, reducing utility costs and environmental impact.
Scenic Views: Enjoy breathtaking mountain and hillside views from the living room, enhancing the property's appeal and providing a serene living environment.
Generous Lot Size: Set on nearly half an acre (17,424 sqft), the property offers ample outdoor space for various activities, landscaping, or potential expansion.
Desirable Location: Conveniently located near Historic Downtown Fallbrook, with easy access to boutique shopping, popular restaurants, Temecula's wineries, golf courses, and beach cities.

Cons

Age of Original Structure: The main home was built in 1949, which may imply older systems (plumbing, electrical) and potential for higher maintenance or renovation costs for the original sections.
Unspecified HVAC System: The description does not specify the presence or type of air conditioning or central heating for the entire property, which could be a concern for comfort during extreme temperatures.
Potential for Varied Condition: While an additional living space was added 10 years ago, the condition and updates of the original 1949 main home are not detailed, suggesting potential for differing levels of modernization and requiring further inspection.

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