FOR SALE: 226-240 E California Avenue Vista CA 92084 | 230005604 |$1,925,000| Call Rob (858) 752-8730 for a TOUR!
Property Type:Com-Res Income
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.
Address:226-240 E California Avenue, Vista, CA 92084
Area (MLS Code):North County
Features / Amenities
Features: None, Remarks
|Extra Room 1|
|Extra Room 2|
|Extra Room 3|
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