5710 Olive Hill RdBonsall, CA 92003

Property Details for 5710 Olive Hill Rd

Year built

1950

Lot size

8.19 AC

Property size (Sq ft)

6,268 SF

Zone code

R-1:SINGLE FAM-RES

Property type

Apartment buildings

APN

126-050-39-00

APU

1260503900

Description

This exceptional investment opportunity presents a 7-unit multifamily portfolio situated on a sprawling 8.19-acre lot in Bonsall, California. The property, located at 5710 Olive Hill Rd, 92003, consists of seven single-story buildings, each averaging approximately 900 square feet of rentable space, totaling 6,268 square feet. Currently operating at 100% occupancy with month-to-month tenants, this portfolio offers immediate rental upside due to below-market rents. The property includes a warehouse storage facility, adding to its income-generating potential. The current zoning, Rural Residential (RR), permits various uses including single-family residences, schools (with minor use permit), group care facilities, clinics, and recreational uses (with a major use permit). The property boasts a current cap rate of 2.76%, with a pro-forma cap rate projected at 4.60%, highlighting significant value-add potential. This redevelopment opportunity is further enhanced by the high average home sales prices exceeding $1 million in the immediate vicinity. The property's convenient location offers easy access to Interstate 15 and Highway 76, and is within close proximity to Bonsall Elementary School and the Golf Club of California. The asking price is $3,500,000, representing a price per unit of $500,000. This is a 1031 exchange eligible property with APN 126-050-39. The property was built in 1950. This is a Class C property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,731,317

  6.5%

  $1,598,139

  7%

  $1,483,986

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,600,191

  Geo Method

  $3,419,529

• Alternative Use

  Use

  Valuation

  Residential

  $1,598,139

  Hospitality

  $1,463,887

  Educational

  $1,217,936

  Medical

  $1,259,823

  Retail

  $1,894,568

Location Insight

City

Bonsall

County

San Diego

State

California

Latitude

33.292

Longitude

-117.234

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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