5710 Olive Hill Rd.

    Bonsall, CA 92003
    • $2,400,000
    • STATUS: ACTIVE
    • ON SITE: 180 days
    • ID#: 170045160
    UPDATED: 52 min ago
    $2,400,000
    • 0
      BEDS
    • 8.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    First time on Market in 17 years. Unique opportunity of 8.16 acres with 8 rental income units located on Olive Hill Rd above the 76 and McDonalds/gas station complex and the new 1MM Pardee Home subdivision. 6 of the units have been rehabed in 2005, 1 unit is a metal commercial building apx 2,400+ sq ft. previously used as a fabrication site for granite and marble production and there is additional outdoor space (covered). 1 unit with garage is the original historic Stone home built in 1920's with garden terraces and 8 parking spaces. All income is below market. Currently,owners are in the process of a general clean-up of property. Possibilities abound with this charming location nestled in the Bonsall Hills just north of the 76 freeway. The property has two entrances: 1 entrance is off of Shamrock Rd., the other entrance is a short distance up Olive Hill Rd (no Street name). Property is part of a 1031 exchange.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 Sandicor®, Inc.
    www.themarellygroup.com/homes/76252250

    5710 Olive Hill Rd. Bonsall, CA 92003

    • Price: $2,400,000
    • Status: ACTIVE
    • Updated: 52 min ago
    • ID#: 170045160
    0
    Beds
    0
    Baths
    0
    ½ Baths
    8.16
    Acres
    Neighborhood:
    Bonsall (92003)
    County:
    San Diego
    Area:
    Bonsall (92003)
    Property Description
    First time on Market in 17 years. Unique opportunity of 8.16 acres with 8 rental income units located on Olive Hill Rd above the 76 and McDonalds/gas station complex and the new 1MM Pardee Home subdivision. 6 of the units have been rehabed in 2005, 1 unit is a metal commercial building apx 2,400+ sq ft. previously used as a fabrication site for granite and marble production and there is additional outdoor space (covered). 1 unit with garage is the original historic Stone home built in 1920's with garden terraces and 8 parking spaces. All income is below market. Currently,owners are in the process of a general clean-up of property. Possibilities abound with this charming location nestled in the Bonsall Hills just north of the 76 freeway. The property has two entrances: 1 entrance is off of Shamrock Rd., the other entrance is a short distance up Olive Hill Rd (no Street name). Property is part of a 1031 exchange.
    Exterior Features

    Construction DrywallStoneStucco Exterior Part FencedPart LandscapedRv Parking Roof CompositionTile Units With Garages 1

    Interior Features

    Baths Unit1 1 Baths Unit2 2 Baths Unit3 3 Baths Unit4 2 Baths Unit5 2 Baths Unit6 2 Baths Unit7 2 Baths Unit8 1 Bedrooms Unit1 1 Bedrooms Unit2 2 Bedrooms Unit3 2 Bedrooms Unit4 2 Bedrooms Unit5 2 Bedrooms Unit6 2 Bedrooms Unit7 3 Bedrooms Unit8 0 Floor Coverings HardwoodVinylWall To Wall Carpet Floors Slab Sq Ft Of Improvement 7000 Stories 1 Story Unit Furnished1 0 Unit Furnished2 0 Unit Furnished3 0 Unit Furnished4 0 Unit Furnished5 0 Unit Furnished6 0 Unit Furnished7 0 Unit Furnished8 0

    Property Features

    Actual Gross Scheduled Income 120720 Actual Operating Expense 7500 Actual Total Pi Pay 0 Assumable Finance 0 Buildings 8 Complex Features Rv Parking Existing Financing ConventionalVa Financial Information Source Owner Flood Zone Hazard Unknown Geological Hazard Zone Hazard Unknown Gross Equity 2000000 Gross Multiplier 12 Have Partial FenceStorage Mandatory Remarks None Known Market Area North County Monthly Rent Total 10060 Motive Want Retirement Present Loan 0 Projected Cap Rate 5 Projected Gross Scheduled Inc 13580 Projected Other Income 500 Short Sale No Special Other/Remarks Sq Ft Source OwnerTax Record Terms CashCash To New Loan Unit Rent Total1 780 Unit Rent Total2 930 Unit Rent Total3 2400 Unit Rent Total4 1300 Unit Rent Total5 1500 Unit Rent Total6 1200 Unit Rent Total7 1350 Unit Rent Total8 1000 Unit Rent1 780 Unit Rent2 930 Unit Rent3 2000 Unit Rent4 1300 Unit Rent5 1500 Unit Rent6 1200 Unit Rent7 1350 Unit Rent8 1000 Unit Type Free Standing

    Listing provided courtesy of Homesmart Legends. Listing information © 2018 SANDICOR, Inc.



    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 Sandicor®, Inc.
    The Marelly Group | Realty One Group
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003