321 W Kalmia St 
Fallbrook, CA 92028

**Assumable 4.5% Mortgage** Discover the perfect blend of comfort, versatility, and potential in this stunning property nestled in the charming city of Fallbrook. Boasting two separate living areas, both upstairs and downstairs, this home offers a unique opportunity for multi-generational living or additional rental income with the potential for an Accessory Dwelling Unit (ADU). As you enter the residence, you are welcomed by an inviting foyer that leads you into the spacious and open living area on the main floor. With abundant natural light flowing through the large windows, this area creates an airy and uplifting atmosphere. The living room features soaring wood beam ceilings and a cozy fireplace, providing a warm and inviting space for relaxation or entertaining guests. From the living room, you'll enjoy a captivating view of the sparkling pool in the backyard, providing a seamless indoor-outdoor connection. The kitchen has been recently updated with elegant quartz countertops and brand new stainless steel appliances. The modern aesthetic and top-of-the-line features make this kitchen a focal point, inspiring your culinary endeavors. Whether you're hosting a casual gathering or preparing a gourmet meal, this kitchen will inspire your culinary creativity. The main floor also features a luxurious master suite and guest bedroom. The master bedroom is generously sized, complete with plush carpeting and a private en-suite bathroom. Venturing downstairs, you'll find a second living area that provides a private and separate space for relaxation or entertainment. This area can easily be transformed into a self-contained living space, perfect for extended family or as an income-generating ADU. It includes its own living room, bedrooms, and bathroom, providing flexibility and versatility to suit your specific needs. Outside, the backyard offers a tranquil escape with a sparkling pool and a spacious patio area, ideal for outdoor gatherings or peaceful moments of solitude. At the rear of the property is plenty of space to create a garden or an additional area for future backyard plans. In front, you have plenty of parking and a concrete pad to park a large RV or boat. Conveniently located near downtown Fallbrook, you'll enjoy a vibrant community with easy access to parks, shops, restaurants, and entertainment options. Whether you're looking for a peaceful retreat or an investment opportunity, this home offers the best of both worlds.