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$ 2,500,000
Est. payment /mo
New
5710 Olive Hill Road Bonsall, CA 92003
8.19 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Bonsall
MLS Listing ID 260021633SD
HOA Y/N No
Year Built 1950
Lot Size 8.190 Acres
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 6,436 square feet of residential space with 14 bedrooms, 11 bathrooms, 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 92003 - Bonsall
Building/Complex Name Bonsall
Interior
Heating Combination, Electric, Floor Furnace, Propane, Wood
Cooling See Remarks
Fireplace No
Appliance Electric Water Heater, Propane Water Heater
Exterior
Fence Partial
Pool None
View Y/N No
Private Pool No
Building
Story Multi/Split
Entry Level Multi/Split
Level or Stories Multi/Split
Others
Senior Community No
Tax ID 1260503900
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/snd/260021633
Listed by Mike Chiesl Real Broker #01783300
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