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
|
DAYS ON MARKET
|
59
|
LAST UPDATED
|
1/22/2025
|
|
YEAR BUILT
|
1950
|
COMMUNITY
|
Bonsall
|
|
GARAGE SPACES
|
1.0
|
COUNTY
|
San Diego
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| AREA |
Bonsall |
| GARAGE |
Yes |
| HOA DUES |
0 |
| LOT |
8.19 acre(s) |
| LOT DESCRIPTION |
0-1 Unit/Acre |
| POOL DESCRIPTION |
None |
| STORIES |
2 |
| WATER |
Well |
| ZONING |
Rural Residential (RR) |
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Listed with Lee & Associates
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 3/22/25 8:29 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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