226-240 E California Avenue

Vista, CA 92084 View Map $2,000,000 Schedule a Tour
On Site17 days
Year65
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Robert & Joy Aumann

Robert & Joy Aumann

(858) 752-8730
 
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FOR SALE: 226-240 E California Avenue Vista CA 92084 | 230005604 |$2,000,000| Call Rob (858) 752-8730 for a TOUR!

Status: Pending
Property Type:Com-Res Income
MLS #:230005604
On Site:17 Days
County:San Diego

Listing Agent/Office

Agent:Josh Browar
Agent Phone:858-414-4398
Office:The Browar Group
The property located at 226-240 E California Avenue is a unique value-add opportunity in the heart of Vista, CA, a submarket of North County San Diego. Situated on a large lot (over 20,000sqft) the building contains (5) 1Br/1Ba apartments, (3) 2br/1ba apartments, (10) garages and laundry facilities. Most units have private outdoor space with potential to create private outdoor spaces for all units. The property is ripe for a value-add investor to improve the property via cosmetic upgrades and obtain market rents. Currently all tenants are on MTM leases and leasing at rates over 50% below market rents. There are 10 single car garages on site as well. Two of the six structures on the lot are comprised of 4 single car garages totaling approx 1,000sqft of space. These two structures offer a prime opportunity for one to create at least two ADU's and truly bring out the highest and best of this rare investment opportunity.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:226-240 E California Avenue, Vista, CA 92084
County:San Diego
City:Vista
Area (MLS Code):North County
Zip Code:92084

Features / Amenities

Features: None, Remarks
Heating: Wall

Rooms

Dimensions
Master
Bedroom 2
Bedroom 3
Bedroom 4
Bedroom 5
Breakfast Area
Dining Room
Kitchen
Living Room
Family Room
Extra Room 1
Extra Room 2
Extra Room 3

Property Features

Tax and Financial Info

Gross Sched Income Projected: $234, 300
Cap Rate Projected: $8.40
Actual Operating Expense: $52, 710
Actual Gross Schd Income: $102, 240
Terms: Cash

Schools

WALKING AND TRANSPORTATION

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226-240 E California Avenue Vista,  CA 92084
GO SEE THIS LISTING
226-240 E California Avenue Vista, CA 92084
 
ASAP
Tue
6
Jun
Wed
7
Jun
Thu
8
Jun
Fri
9
Jun
Sat
10
Jun
Sun
11
Jun
Mon
12
Jun
Choose Your Date -- It's Free, Cancel Anytime
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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further.

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Listing information last updated on June 5, 2023 7:45 AM EST.