27
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$2,500,000
Est. payment /mo
7 Beds
6 Baths
8.19 Acres Lot
New
5710 Olive Hill Road Bonsall, CA 92003
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Bonsall
MLS Listing ID 260021633
Bedrooms 7
Full Baths 6
Year Built 1950
Lot Size 8.190 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Over a 7% pro forma cap rate, seven fully occupied residential units, and a warehouse facility position this 8.19-acre Bonsall property as a compelling income-producing investment in North San Diego County. Approximately 6,268 square feet of residential space and established tenancy provide immediate cash flow from a diversified mix of rentals. At the center of the property, the approximately 100-year-old Rockhouse brings historic character rarely associated with a multifamily asset. Units E and F were upgraded in 2024, while mature trees and gently sloping terrain create separation between residences. A private well adds valuable infrastructure and helps support the extensive grounds. Investors benefit from a single-parcel acquisition with multiple revenue sources, substantial acreage, no HOA, and no Mello-Roos. Convenient proximity to Fallbrook, Highway 76, I-15, Oceanside, and employment centers throughout the region supports continued tenant demand. The combination of current occupancy, attractive projected returns, land ownership, and improvement potential creates a distinctive opportunity for investors seeking yield and long-term value in the Southern California market.
Location
State CA
County San Diego
Area North County
Interior
Heating Fireplace, Floor Furnace
Cooling Other/Remarks
Fireplace No
Exterior
Fence Partial
Utilities Available Septic Installed
View Y/N No
Water Access Desc Well on Property,Well/Irrigation Only
Roof Type Tile/Clay,Other/Remarks
Building
Water Well on Property, Well/Irrigation Only
Schools
School District Bonsall Unified
Others
Senior Community No
Tax ID 126-050-39-00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Mike Chiesl, DRE#01783300 Real Broker
NEARBY SCHOOL & BUSINESS
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