$2,300,000
14 bd · 11 ba · · 8.19 acre lot
5710 Olive Hill Rd, Bonsall, CA 92003
Multi-family · Built 1950 ·
$14,087/mo est. payment
About this home
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.
Facts and features
Bedrooms
- Bedrooms: 14
Bathrooms
- Total Bathrooms: 11
- Full Bathrooms: 11
Heating and Cooling
- Heating Features: Fireplace, Floor Furnace
- Heating Fuel: Electric
Exterior and Lot Features
- Fencing: Partial
Land Info
- Lot Size Acres: 8.19
- Lot Size Square Feet: 356756
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Multi-Unit Info
- Number of Buildings: 8
- Number of Units: 7
- Bedrooms in Unit-1: 8
- Bedrooms in Unit-2: 1
- Bedrooms in Unit-3: 3
- Bedrooms in Unit-4: 2
- Total Bathrooms in Unit-1: 6
- Total Bathrooms in Unit-2: 1
School Information
- Elementary School: Bonsal Unified
- High School: Bonsall Unified
- Middle School: Bonsal Unified
Schools
- 6
Bonsall Elementary School
elementary · K-5 · 0.9 mi
- 6
Norman L. Sullivan Middle School
middle · 6-8 · 3.4 mi
- 5
Bonsall High
high · 9-12 · 3.4 mi
North County Christian School
elementary · 1-12 · 0.8 mi
Family Education Academy
elementary · 1-12 · 2.6 mi
Shepherd's Heart E. E. P.
elementary · 1-12 · 2.9 mi
Price history
- Nov 4, 2026 · Price Changed$2,300,000
- Nov 4, 2026 · Price Changed$2,300,000
- Sep 13, 2026 · Listed$2,500,000
- Sep 3, 2026 · Listed$2,500,000
- Apr 2, 2025 · Listing Removed—
- Apr 2, 2025 · Listing Removed—
- Jan 23, 2025 · Listed$2,995,000
- Jan 10, 2025 · Listed$2,995,000
Tax history
- 2025$8,581 tax · $818,156 assessed
- 2024$8,509 tax · $802,115 assessed
- 2023$8,325 tax · $770,969 assessed
- 2022$8,186 tax · $755,853 assessed
- 2021$8,046 tax · $741,033 assessed
- 2020$7,984 tax · $733,435 assessed
- 2019$7,838 tax · $719,055 assessed
- 2018$7,877 tax · $704,957 assessed
Home value
$1,677,000
- Collateral Analytics$1,677,000
- Quantarium$1,646,730
Where it is
Listed by Mike Chiesl · Real Broker · SanDiegoMLS