468-472 W Los Angeles Dr - Apartments FOR SALE


Vista, CA 92083
$3,250,000 USD
619-922-1981
468-472 W Los Angeles Dr, Vista, CA for Sale
$3,250,000 USD
Apartments - FOR SALE
1/13
null | 4.44% Cap Rate

468-472 W Los Angeles Dr
Vista, CA 92083


OVERVIEW

Excellent unit mix in the high-demand rental market of Vista. Nine 2/1 units + one detached 3/2 house on .67 acres in Vista. Plenty of parking: 10 garages and 24 surface spaces. Below market rents. The units are in decent condition, while the house is a likely tear-down. The 9 units are currently leased at $16,074/month. Plenty of upside on rent – plus the ability to rehab the detached house and generate additional income. Perfect property to renovate and hold or flip. Strategic location with easy access to State Routes 78 & 76, and less than two miles from Vista High School and Vista Village retail corridor. Vista is a strong North County San Diego experiencing sustained demographic and employment expansion. These fundamentals support long-term tenant retention and rent growth.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$344 USD /SF

# OF UNITS

10

PRICE/UNIT

$325,000

CAP RATE

4.44%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

R2

APN/PARCEL ID

163-410-04

ASK ABOUT THIS PROPERTY

Monty JamesPacific Coast Executive RealtyMore Info
619-922-1981

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Monty JamesPacific Coast Executive RealtyMore Info
619-922-1981

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