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$2,995,000
Est. payment /mo
7 Beds
6 Baths
8.19 Acres Lot
UPDATED:
02/04/2025 11:41 PM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID NDP2500724
Bedrooms 7
HOA Y/N No
Lot Size 8.190 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
8 Total Units on 8 Acres - Over 7% Proforma Cap Rate Presenting a unique investment opportunitya 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
8 Total Units on 8 Acres - Over 7% Proforma Cap Rate Presenting a unique investment opportunitya 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
8 Total Units on 8 Acres - Over 7% Proforma Cap Rate Presenting a unique investment opportunitya 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 Bonsall (92003)
Building
Story 2
Lot Size Range 4+ to 10 AC
Others
Acceptable Financing Cash, Conventional, Exchange
Space Rent $1,650
Listing Terms Cash, Conventional, Exchange
Virtual Tour https://sdmultifamily.com/property/5710-olive-hill-rd/
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Listed by Eric von Bluecher • Lee & Associates
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