5710 Olive Hill Rd - Apartments FOR SALE


Bonsall, CA 92003
$3,500,000 USD
760-929-9700
5710 Olive Hill Rd, Bonsall, CA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/9
null | 2.74% Cap Rate

5710 Olive Hill Rd
Bonsall, CA 92003


HIGHLIGHTS

  • Current Zoning is Rural Residential (RR)
  • Seven (7) Fully Occupied Residential Units & (1) Warehouse Storage Facility Generating Consistent Income
  • Permitted uses include Residential, Agriculture, and Mobile Homes
  • Group Care, Clinic Services, Campground/Recreation, Religious Assembly or Self Storage (with a Major Use Permit)
  • Home Sales In Immediate Vicinity Average Over $1 Million
  • Value-add Opportunity w/ Development Upside

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$558 USD /SF

# OF UNITS

7

PRICE/UNIT

$500,000

CAP RATE

2.74%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.19 AC

LAND SF

356,756 SF

ZONING

RR

APN/PARCEL ID

126-050-39

ASK ABOUT THIS PROPERTY

Ivan Del Muro-GarciaLee & AssociatesMore Info
760-929-9700

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Ivan Del Muro-GarciaLee & AssociatesMore Info
760-929-9700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.