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$ 2,995,000
Est. payment /mo
Active
5710 Olive Hill RD Bonsall, CA 92003
8.19 Acres Lot
UPDATED:
02/04/2025 05:55 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID NDP2500724
HOA Y/N No
Year Built 1950
Lot Size 8.190 Acres
Property Description
8 Total Units on 8 Acres - Over 7% Proforma Cap Rate Presenting a unique investment opportunity—a contiguous parcel of approximately 8.19 acres, featuring 7 residential units, each averaging 900 square feet, and a warehouse storage facility. The property is fully leased, with tenants on month-to-month agreements at rents significantly below market value, offering immediate rental upside. The property's unique characteristics provide a range of opportunities for creative investors or developers. Whether choosing to operate the property as-is with substantial value-add potential or to continue generating income while pursuing development plans. The subject property is situated at 5710 Olive Hill Road in Bonsall, California. It enjoys convenient access to major transportation routes, being in close proximity to Interstate 15 and Highway 76. The property is also located less than 1.5 miles from Bonsall Elementary School and approximately 4.4 miles from the Golf Club of California
Location
State CA
County San Diego
Area 92003 - Bonsall
Zoning Rural Residential (RR)
Interior
Fireplace No
Laundry Laundry Room, Outside
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Rural
View Y/N No
Total Parking Spaces 1
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Water Well
Others
Senior Community No
Tax ID 1260503900
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Virtual Tour https://sdmultifamily.com/property/5710-olive-hill-rd/
Listed by Eric von Bluecher • Lee & Associates • evb@lee-associates.com