2864 Live Oak Park, Fallbrook, California 92028

$1,600,000

Property Type

Residential

Bedrooms

4

Bathrooms

4

Square Feet

2,000 sqft

City

Fallbrook

Status

Active

Located on the popular "Live Oak Park Road" in Fallbrook Country area, just a couple minutes west of I-15 . The 20 Acres is being currently farmed producing Grapefruit and lemons. (production records available). The (3) residential type structures are located in back NE corner of the property and have served as farm labor quarters in the past. Great opportunity to update and improve the units into an excellent income (rental) opportunity. There is an elevated natural plateau (over 1 acre pad site potential) located in the center of the property, perfect for an estate home. The present zoning of the property allows for a 2 Acre minimum. An additional (very flat) 10 Acre parcel fronts this 20.09 acre property and is currently on the markets for $875,000. Combining the 2 properties provides for an potential opportunity to develope an exclusive 2 Acre Estate development. Presently the 2 parcels each have their own producing well and both wells are presently united to service (irrigate) the existing citrus on site. There is full electrical and metered water service inside the property. Existing structures include: a 4-5 car cinder block agricultural barn-garage, a 2 bedroom farm labor mobile home, a 1 bedroom single family dwelling with 1 car garage and an additional farm office structure with a bathroom. The Seller will also consider to continue farming after the close of ecrow. Buyer to independantly investigate and verify all matters relating to property specifically zoning allocations pertaining to: (future development of subdivision potential), permitted uses, existing structure permits and conditions, well production, irrigation system layout, shared access with 10 acre parcel and suitability towards buyers intended use(s). Please note Seller will not perform any repairs property to be sold in "as is" condition. EXCELLENT LOCATION AND OPPORTUNITY!