330 Mar Vista Dr - Apartments FOR SALE


Vista, CA 92083
$16,125,000 USD
760-930-7940
330 Mar Vista Dr, Vista, CA for Sale
$16,125,000 USD
Apartments - FOR SALE
1/23
null | 6% Cap Rate

330 Mar Vista Dr
Vista, CA 92083


HIGHLIGHTS

  • 6%+ Current Cap Rate
  • Low density property on a massive 4.03 acre lot
  • Excellent North County San Diego location in Vista
  • Agency Loan Proceeds up to approx. 70% LTV. Rates in low 5%'s
  • Potential to add solar and reduce electric bill
  • SB-1211 Potential to add additional ADU units

OVERVIEW

Vista Del Mar presents an exceptional, high-yield investment opportunity to acquire a stabilized, low-density 76-unit apartment community positioned on a massive 4.03-acre lot in the premier North County San Diego municipality of Vista, California. Originally constructed in 1990, the property has recently undergone extensive interior and exterior capital renovations, offering an incoming investor a fully modernized asset boasting an impressive 6%+ current Cap Rate and substantial immediate cash flow from day one. Strategically situated just off the Interstate 78 (I-78) freeway, the asset provides residents with unmatched regional transit access to coastal Carlsbad, Oceanside, and the inland employment engines of San Marcos and Escondido. In addition, the property is in close proximity to Cal State San Marcos, California’s fastest growing state university. The property features a highly desirable all-studio footprint catering perfectly to the region’s single-professional and workforce tenant base. Combining highly amenitized grounds—including abundant parking, a pool and tennis court—with an unprecedented physical footprint, this asset stands out as a rare scale acquisition combining strong current yield with future development upside.

FOR SALE DETAILS

PRICE

$16,125,000 USD

PRICE/SF

$358 USD /SF

# OF UNITS

76

PRICE/UNIT

$212,171

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

76 Units North County San Diego + 4 ACRE Lot

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

129

LAND DETAILS

LAND ACRES

4.03 AC

LAND SF

175,547 SF

ZONING

R-1

APN/PARCEL ID

183-041-45

ASK ABOUT THIS PROPERTY

Peter ScepanovicColliersMore Info
760-930-7940

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Peter ScepanovicColliersMore Info
760-930-7940

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