5710 Olive Hill Road

Bonsall, CA 92003

$3,500,000
Price
14
Beds
6,268 Sq. Ft.
$558 / Sq. Ft.
6,268
Sq. Ft.
$558
per Sq. Ft.

Description

Discover an exceptional investment opportunity with this well-positioned multi-family property, featuring one contiguous parcel spanning approximately 8.19 acres. This property has 7 residential units, each averaging 900 square feet along with a warehouse storage facility. Currently, the property is fully leased with tenants on month-to-month agreements, providing an income stream. This flexibility in leasing arrangements presents an excellent advantage for potential buyers and developers seeking...Discover an exceptional investment opportunity with this well-positioned multi-family property, featuring one contiguous parcel spanning approximately 8.19 acres. This property has 7 residential units, each averaging 900 square feet along with a warehouse storage facility. Currently, the property is fully leased with tenants on month-to-month agreements, providing an income stream. This flexibility in leasing arrangements presents an excellent advantage for potential buyers and developers seeking to maximize their investment. This prime location, combined with the opportunity for expansion, makes this property a standout choice for investors looking to capitalize on a high-demand rental market. This is your chance to own a versatile asset with both immediate income and long-term growth potential.
  1. Listed by Alexandra Bentley • DRE #02062959 • Brokerage DRE #01096996 • Lee & Associates • abentley@lee-associates.com

Property Details for 5710 Olive Hill Road

Parking Spaces Total
1
Private Pool
No
Total Units
7.0
Building Type
Detached
Lot Size Source
Public Records
Living Area
6268
Assessor Parcel Number
126-050-39-00
Property Attached YN
true
LISTING UPDATED: 08/26/2024 11:03 AM

Property Details for 5710 Olive Hill Road

StatusActive
MLS #NDP2407683
Days on Market116
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size8.19 AC / 356,756 SF
CountySan Diego County

Building Information for 5710 Olive Hill Road

Stories1Residences-Year Built1958Building Size-Lot Size8.19 AC / 356,756 SF

Property Information for 5710 Olive Hill Road

Income / Expense / Tax Details
Income Details
  • Gross Income: $153,780
  • Gross Scheduled Income: $153,780
  • Net Operating Income: $85,438
  • Cap Rate: 2.44
Expense Details
  • Operating Expense: $63,729
  • New Taxes Expense: $42,350
  • Fuel Expense: $422
  • Electric Expense: $423
  • Insurance Expense: $6,113
  • Professional Management Expense: $0
  • Trash Expense: $1,808
  • Water Sewer Expense: $0
  • Total Expenses: $63,729
Tax / Assessment Info
  • Tax Tract Number: 126050
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 57-076
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Biking, Hiking
  • Complex Features: Horse Trails
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Washer Hookup, Gas Dryer Hookup
Exterior Features
  • Entry Location: 5710 Olive Hill Rd | Bonsall. CA 92003
  • Fence: No
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot 20000-39999 Sqft
  • Number Of Units: 7
  • Land Lease: No
  • Land Lease Type: Fee
  • Well Depth: 50
  • Water: Well
  • Sewer: Shared Septic
  • Water Source: Agricultural Well
Parking Info
  • Garage Spaces: 1
  • Parking: No
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,550
  • Unit Type Total Rent: $1,550
  • Unit Type Pro Forma: 1550
  • Unit Type Type: 1
Unit 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,120
  • Unit Type Total Rent: $1,120
  • Unit Type Pro Forma: 1120
  • Unit Type Type: 2
Unit 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,420
  • Unit Type Total Rent: $2,420
  • Unit Type Pro Forma: 2420
  • Unit Type Type: 3
Unit 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,570
  • Unit Type Total Rent: $1,570
  • Unit Type Pro Forma: 1570
  • Unit Type Type: 4
Unit 5
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,815
  • Unit Type Total Rent: $1,815
  • Unit Type Pro Forma: 1815
  • Unit Type Type: 5
Unit 6
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,570
  • Unit Type Total Rent: $1,570
  • Unit Type Pro Forma: 1570
  • Unit Type Type: 6
Unit 7
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,570
  • Unit Type Total Rent: $1,570
  • Unit Type Pro Forma: 1570
  • Unit Type Type: 7
Unit 8
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $1,200
  • Unit Type Pro Forma: 1200
  • Unit Type Type: 8
Unit Information
  • Number Of Units Leased: 7
  • Rent Controlled: No
  • Number Of Buildings: 7
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 0

Property History for 5710 Olive Hill Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5710 Olive Hill Road

Taxable ValueLand$339,771Additions$446,617Total$786,388
Tax Record2024$8,510 ($709 / month)
Home Facts
Total Finished SqFt6,268 SqFtAbove Grade Finished SqFt6,268 SqFtLot Size356,756 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningR-1:SINGLE FACountySAN DIEGOAPN126-050-39-00

Schools near 5710 Olive Hill Road

This home is within Bonsall Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 12
Rating
School
Distance
Bonsall Elementary School
PublicK to 5

Norman L. Sullivan Middle School
Public6 to 8

Bonsall High
Public9 to 12

Pathways Academy Charter
CharterK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5710 Olive Hill Road is a multi-family home for sale in Bonsall, CA 92003. This property was listed for sale on July 8, 2024 by Lee & Associates, it's currently listed at $3,500,000. It has been on the market for a total of 116 days and was last sold on April 17, 2001. This listing's school district is Bonsall Unified School District. Nearby schools include Bonsall Elementary School, Norman L. Sullivan Middle School and Bonsall High. 5710 Olive Hill Road is a 14-bed, 0-bath, 6,268 sqft multi-family home built in 1958.

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Listing Courtesy of Lee & Associates, Alexandra Bentley, DRE #02062959

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