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5710 Olive Hill Rd

7 Unit Block of Flats £2,738,575 (£391,225/Unit) 2.74% Net Initial Yield Bonsall, CA 92003

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Investment Highlights

Current Zoning is Rural Residential (RR)
Permitted uses include Residential, Agriculture, and Mobile Homes
Home Sales In Immediate Vicinity Average Over $1 Million

Seven (7) Fully Occupied Residential Units & (1) Warehouse Storage Facility Generating Consistent Income
Group Care, Clinic Services, Campground/Recreation, Religious Assembly or Self Storage (with a Major Use Permit)
Value-add Opportunity w/ Development Upside

Executive Summary

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.

5710OliveHillRd-Brochure

Property Facts

Price	£2,738,575	Property Subtype	Apartment
Price Per Unit	£391,225	Apartment Style	Single Family Home
Sale Type	Investment	Building Class	C
Net Initial Yield	2.74%	Lot Size	8.19 AC
Sale Conditions	1031 Exchange Development Sale	Building Size	6,268 SF
Gross Rent Multiplier	21.27	Number of Floors	1
No. Units	7	Year Built	1950
Property Type	Residential

Price	£2,738,575
Price Per Unit	£391,225
Sale Type	Investment
Net Initial Yield	2.74%
Sale Conditions	1031 Exchange Development Sale
Gross Rent Multiplier	21.27
No. Units	7
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Single Family Home
Building Class	C
Lot Size	8.19 AC
Building Size	6,268 SF
Number of Floors	1
Year Built	1950

Unit Amenities

Air Conditioning
Heating

Kitchen
Oven

Tub/Shower

Pantry

Site Amenities

Storage Space

PROPERTY TAXES

Parcel Number	126-050-39	Improvements Assessment	£349,455
Land Assessment	£265,854	Total Assessment	£615,309

PROPERTY TAXES

Parcel Number

126-050-39

Land Assessment

£265,854

Improvements Assessment

£349,455

Total Assessment

£615,309

zoning

Zoning Code	RR (Zoning: Rural Residential (RR) general plan: Semi-Rural Residential (SR – 2))
RR (Zoning: Rural Residential (RR) general plan: Semi-Rural Residential (SR – 2))