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$ 2,500,000
Est. payment /mo
New
5710 Olive Hill Road Bonsall, CA 92003
11 Beds
10 Baths
6,268 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 6,268 sqft
Price per Sqft $398
MLS Listing ID 260022449
Bedrooms 11
Full Baths 10
Lot Size 8.190 Acres
Property Sub-Type Com-Res Income
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 North County
Direction For access to the property and to view Unit C, turn off Olive Hill Rd onto Shamrock Rd and enter property on the left.
Interior
Heating Floor Furnace
Flooring Hardwood, Other/Remarks, Tile
Fireplace No
Exterior
Parking Features Garages, Other/Remarks
View Y/N No
Total Parking Spaces 25
Building
Dwelling Type Free Standing
Story 1
Others
Senior Community No
Tax ID 126-050-39-00
Listed by Mike Chiesl, DRE#01783300 Real Broker
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