226-240 E California Avenue

Vista, CA 92084 View Map $1,925,000 Ask a Question
Sold On7/14/2023
Robert & Joy Aumann

Robert & Joy Aumann

(858) 752-8730

Ask a Question
FOR SALE: 226-240 E California Avenue Vista CA 92084 | 230005604 |$1,925,000| Call Rob (858) 752-8730 for a TOUR!

Status: Sold
Property Type:Com-Res Income
MLS #:230005604
Date Sold:7/14/2023
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.

Detailed Maps

Community Information

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

Features / Amenities

Features: None, Remarks
Heating: Wall


Bedroom 2
Bedroom 3
Bedroom 4
Bedroom 5
Breakfast Area
Dining Room
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



Walk Score ®
Transit Score ®
Bike Score ®
Please wait while loading...

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.

All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation ©  2023 San Diego MLS.

Listing information last updated on December 6, 2023 12:45 PM EST.