On Site17 days
Year65
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Robert & Joy Aumann
(858) 752-8730ASAP
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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.
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Detailed Maps
Community Information
Address:226-240 E California Avenue, Vista, CA 92084
Area:Vista (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
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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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