The Oakcrest Apartments represent an outstanding opportunity for the value add investor to acquire a 1980 constructed
asset with potentially immediate income upside. Due to the below market rents currently in place, the new owner could
raise rents immediately. There is also an opportunity to add value through renovations and capture additional gains in
income. The unit mix consists of three 2 bedroom 2 bathroom units approximately 950 square feet each and one 3
bedroom 2 bathroom unit of approximately 1800 square feet. All units have tile flooring in the main living areas and
carpeted bedrooms, dishwashers, and portable air conditioning units. There is also an onsite laundry room for tenant
convenience and extra income. The laundry equipment is owned by the seller. Parking consists of 5 covered parking
spaces and 2 open spaces, as well as street parking. There is tenant storage at the front of each covered parking
space. Located just seven miles inland from the Pacific Ocean in northern San Diego County, the City of Vista has a
perfect mild Mediterranean climate. Residents enjoy a wide range of year-round outdoor activities in a setting of gentle
rolling hills and pleasant rural surroundings. Vista is approximately 19 square miles with a population of 101,797. Vista
has recently undergone a major gentrification of the downtown core with many restaurants and breweries occupying
what was once a sleepy downtown area. The transformation is ongoing and has resulted in making Vista a very
attractive investment market.
Page
