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.
840 Sinkler Way is an 8 unit apartment complex located in the flourishing market of Vista, CA. The property is situated in the heart of Vista, just 1 mile from downtown, ensuring high demand and low vacancy. The property consists of 8 expansive 2-bedroom, 1-bathroom units averaging 900 square feet each. Each unit features a private balcony, one-car garage along with additional onsite parking, providing tenants with ample space and privacy. There is significant rental upside through renovation. With market rents at $2,500+, investors can capitalize on a remarkable 54% +/- upside potential. In addition, the 8 garages present an opportunity for more appreciation through the development of multiple ADUs. Recent upgrades include new exterior paint and reinforced balconies, enhancing the property's appeal and durability.
Fantastic retail location with great mix use development opportunity on heavily transited N Santa Fe street. The single unit 1712 sft property has a 4 rooms with plenty of back yard space. An Quonset hut and sheds offer plenty of back yard storage. Property is located in an area that is witnessing extensive transformation and it is a stable income generating property.
We are pleased to present 380 Plymouth Drive, a charming 32-unit multifamily community located in Vista, California. Built in 1986, this extremely well-maintained asset consists of (13) 700 SF One Bedroom / One Bath units & (19) 950 SF Two Bedroom / Two Bath units.
This is a hidden gem. Property is zoned R-1 but will be Industrial. Consists of a single family home and a junior ADU, and 4 prefabbed shop units. An additional 2 shop units can be added or home can be demolished and additional 6 units can be added. Projected annual net income is $170,000 (10 shops at $17,000 per year NNN). Owner is retired and willing to sell for substantially less than projected value. Shop units are unpermitted presently. Year built is an estimate.
Developer Opportunity. The property located at 308-26 Vista Village Drive is currently zoned Downtown Vista Specific Plan – West Gateway, which allows a maximum density of 40 dwelling units per acre. Given that the property is 0.16 acres in size, the maximum number of units permitted on this site would be 6 units. The eligibility of a density bonus relies on whether or not your project meets the standards noted within the City of Vista Development Code 18.90 – Residential Density Bonus Ordinance. Pursuant to 18.90.030(A) (see link below), a housing development with at least five (5) dwelling units could be an eligible development that would qualify for a density bonus. Per 18.90.040(B), the maximum density bonus allowed would be thirty-five (35) percent. Based on this calculation, a 6 unit project would qualify for a bonus of 3 additional units for a total of 9 units. However, to qualify for the density bonus, you would need to have a percentage of the units be low-income housing as described in Development Code 18.90, which can be found here: https://records.cityofvista.com/DensityBonus
The median home value in Vista, CA is $796,900. This is lower than the county median home value of $846,300. The national median home value is $338,100. The average price of homes sold in Vista, CA is $796,900. Approximately 47.43% of Vista homes are owned, compared to 48.53% rented, while 4.04% are vacant. Vista real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Vista real estate agent to arrange a tour today!
Vista, California 92083 has a population of 98,651. Vista 92083 is less family-centric than the surrounding county with 33.28% of the households containing married families with children. The county average for households married with children is 33.76%.
The median household income in Vista, California 92083 is $79,196. The median household income for the surrounding county is $88,240 compared to the national median of $69,021. The median age of people living in Vista 92083 is 34.4 years.
The average high temperature in July is 80.5 degrees, with an average low temperature in January of 44.5 degrees. The average rainfall is approximately 13 inches per year, with 0 inches of snow per year.