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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
Last Updated | 1/22/2025 | Year Built | 1950 |
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Community | Bonsall | Garage Spaces | 1.0 |
County | San Diego |
Additional Details
AREA | Bonsall |
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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) |
Location
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