5710 Olive Hill Road, Bonsall, CA 92003
5710 Olive Hill Road, Bonsall, CA 92003
5710 Olive Hill Road, Bonsall, CA 92003
5710 Olive Hill Road, Bonsall, CA 92003
5710 Olive Hill Road, Bonsall, CA 92003
5710 Olive Hill Road, Bonsall, CA 92003
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Jim & Kim Carmichael

Jim & Kim Carmichael

+1(619) 846-1906
$ 2,500,000
Est. payment | /mo

11 Beds

10 Baths

6,268 SqFt

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$ 2,500,000
Est. payment | /mo
Save Virtual Tour

11 Beds

10 Baths

6,268 SqFt

Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Pending

Purchase Type For Sale

Square Footage 6,268 sqft

Price per Sqft $398

MLS Listing ID 260022449

Bedrooms 11

Full Baths 10

Lot Size 8.190 Acres

Property Sub-Type Com-Res Income

Property Description

Over a 7% pro forma cap rate, seven fully occupied residential units, and a warehouse facility position this 8.19-acre Bonsall property as a compelling income-producing investment in North San Diego County. Approximately 6,436 square feet of residential space with 14 bedrooms, 11 bathrooms, and established tenancy provide immediate cash flow from a diversified mix of rentals. At the center of the property, the approximately 100-year-old Rockhouse brings historic character rarely associated with a multifamily asset. Units E and F were upgraded in 2024, while mature trees and gently sloping terrain create separation between residences. A private well adds valuable infrastructure and helps support the extensive grounds. Investors benefit from a single-parcel acquisition with multiple revenue sources, substantial acreage, no HOA, and no Mello-Roos. Convenient proximity to Fallbrook, Highway 76, I-15, Oceanside, and employment centers throughout the region supports continued tenant demand. The combination of current occupancy, attractive projected returns, land ownership, and improvement potential creates a distinctive opportunity for investors seeking yield and long-term value in the Southern California market.

Location

State CA

County San Diego

Area North County

Direction For access to the property and to view Unit C, turn off Olive Hill Rd onto Shamrock Rd and enter property on the left.

Interior

Heating Floor Furnace

Flooring Hardwood, Tile, Other/Remarks

Fireplace No

Exterior

Parking Features Garages, Other/Remarks

View Y/N No

Total Parking Spaces 25

Building

Dwelling Type Free Standing

Story 1

Others

Senior Community No

Tax ID 126-050-39-00

Virtual Tour https://www.propertypanorama.com/instaview/snd/260022449

MLS Router / San Diego MLS
Listed by Mike Chiesl, DRE#01783300 Real Broker 
Co-listed byReal Broker

NEARBY SCHOOL & BUSINESS

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Jim & Kim Carmichael

Jim & Kim Carmichael

License ID: 0675443, 01719088

+1(619) 846-1906

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5710 Olive Hill Road