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5710 Olive Hill Road, Bonsall, CA 92003

$2,300,000 Approx. USD 14 beds, 11 baths

VIRTUAL TOUR Reduced by $200,000 on 11/4/2026

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Mike Chiesl
Lic#: 01783300
Broker: Courtesy of Real Broker
Phone: 760-473-0000
Broker: Courtesy of Real Broker
Phone: 916-848-7554

Agent Remarks

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.

Listing Details

Property type: Res Income 2-4 Units (Multi-Family)

Status: ACTIVE

MLS# 260021633

List price is $2,300,000 Reduced by $200,000 on 11/4/2026

Price: $2,300,000

Beds: 14

Baths: 11 (11 full)

Built in 1950

8.19 acres

Subdivision: BONSALL

County: San Diego

Construction: Stone,Stucco,Wood/Stucco

Heating description: Fireplace,Floor Furnace

MLS area: North County

Last Updated: 11/4/2026

Days On Market (DOM): 63

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This listing belongs to the North County MLS area

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Lat/Long: 33.292159, -117.234275.
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Source: SDM. Also Available in 260022449,

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