322 Hillside Ter - Apartments FOR SALE


Vista, CA 92084
$9,750,000 USD
858-729-4646
322 Hillside Ter, Vista, CA for Sale
$9,750,000 USD
Apartments - FOR SALE
1/9
null | 5.03% Cap Rate

322 Hillside Ter
Vista, CA 92084


HIGHLIGHTS

  • Built in 1988 and Extensively Renovated in 2018
  • Priced Competitively at $35k to $71k Per Unit Less Than Current On-Market Comparables
  • Centrally Located within Walking Distance to Revitalized Downtown Vista and Paseo Santa Fe. Easy Access to Dining, Shopping & Entertainment
  • Strong Unit Mix of Twenty-Four Large 2bd/2bth and Eight Large 1bd/1bth Mostly Upgraded Units. All Units have Private Balconies or Patios with Storage
  • Fully Remodeled Common Area with Outdoor Grilling Stations, Shaded Dining Areas, Lounges and Seated Firepit
  • Just 9 Miles from Pristine California Beaches

OVERVIEW

The Weddle Group of TWG Commercial is pleased to present for sale Hillside Terrace Apartments, a 32-unit multifamily community located at 322 Hillside Terrace in the heart of Vista, California. Constructed in 1988, the property has benefited from significant capital improvements, with approximately 85% of the unit interiors comprehensively renovated in 2018. Upgraded residences feature modern kitchens, stainless steel appliances, quartz countertops, renovated bathrooms, and durable vinyl plank flooring. This offering presents investors with a compelling combination of stable in-place income and a straightforward opportunity for continued growth. Ideally situated within walking distance of Downtown Vista and Paseo Santa Fe, which completed a full revitalization in 2020. The property enjoys convenient access to a vibrant mix of restaurants, retail, breweries, and entertainment venues in one of North County San Diego’s most dynamic urban districts. The unit mix consists of twenty-four spacious two-bedroom, two-bathroom apartments and eight large one-bedroom, one-bathroom apartments. Each residence includes a private patio or balcony with an individual storage closet. Residents enjoy a thoughtfully renovated common area featuring outdoor barbecue stations, shaded patio dining, a quartz-topped fire pit gathering space, and professionally landscaped grounds. Additional amenities include a modern on-site laundry facility, ample parking, and controlled gated access. Under no circumstances should the property be entered or tenants disturbed. All inquiries and requests for information must be directed exclusively to the listing agent, Gary Weddle.

FOR SALE DETAILS

PRICE

$9,750,000 USD

PRICE/SF

$358 USD /SF

# OF UNITS

32

PRICE/UNIT

$304,688

CAP RATE

5.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hillside Terrace Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,211 SF

ZONING

R3

APN/PARCEL ID

175-192-38

ASK ABOUT THIS PROPERTY

Gary WeddleTWG CommercialMore Info
858-729-4646

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Gary WeddleTWG CommercialMore Info
858-729-4646

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.