1135 S Santa Fe Ave Vista, CA 92083

Please to present 1135 S Santa Fe Avenue, an underdeveloped 8-unit multifamily property with very strong rent upside located less than a half mile from a very active Opportunity Zone in Vista, CA. The property consists of seven (7) cozy cottage-style 1bd/1ba units and one (1) detached 2bd/1ba unit, ...with most of them having private fenced-in yards. There is ample onsite parking with fourteen (14) open spaces and two (2) covered stalls. The units are located on a 26,136 SF parcel with zoning that allows for an additional five (5) units onsite â??by-rightâ??, and includes a massive central courtyard providing ample space for accommodating the additional units. Due to prior and upcoming General Plan updates, the area surrounding the property (i.e. within 1 mile of the Opportunity Zone) has become a hotbed for redevelopment â?? with four projects averaging more than 70-units/acre recently being delivered and more than two-dozen other projects currently in the pipeline. The propertyâ??s location also places it within a 15-minute drive to the beach as well as major employment and education centers such as Camp Pendleton to the west, California State University San Marcos to the east and the regionally significant Palomar Airport Road employment corridor to the south. 1135 S Santa Fe Avenue is an ideal investment for a seasoned operator seeking an asset with immediate rent upside and long-term redevelopment potential, and/or a first-time multifamily investor looking for a project with strong cashflows at an entry-level price point. Continue reading