Vista Pacific Apartments 1035 4th Ave 57 Unit Apartment Building $18,100,000 ($317,544/Unit) 5.47% Cap Rate Chula Vista, CA 91911

We are pleased to present Vista Pacific apartments, a newly renovated multifamily investment opportunity located in Chula Vista, California, one of south San Diego’s county’s steadily growing market.
Built in 1981, Vista Pacific Apartments is a two-story garden-style community featuring spacious one- and two-bedroom floorplans averaging 894 SF. The subject property has benefited from more than $750,000 in capital improvements completed by current ownership which includes a new roof, enhanced landscaping, the addition of two ADUs, and interior unit renovations. Community amenities include landscaped courtyard areas, BBQ and picnic spaces with pergolas, assigned parking, and dog run. Interior units features include stainless-steel appliance packages, updated cabinetry, quartz countertops, in unit washer and dryer, with approximately 84% of units having been renovated and achieving premiums compared to their classic counterparts. Flooring consists of a mix of vinyl-plank flooring and carpet in select units. The units are further enhanced by air conditioning and heating with private outdoor spaces including balconies and fenced patios in select layouts.
Vista Pacific Apartments is situated within an established residential neighborhood near Downtown Chula Vista surrounded by Third & Moss Shopping Center, San Diego Country Club, Plaza Chula Vista, and Chula Vista High School. Also located just 2.2 miles north is Downtown Chula Vista, a growing urban district known for its convenient access to shopping, dining, entertainment, schools, parks, and essential services. With immediate proximity to Interstate 5, Interstate 805, and State Route 54, the property offers strong connectivity to Downtown San Diego, military installations, and the region’s major employment centers throughout South San Diego County.
By its very nature, Chula Vista is an ideal location with rising economic prosperity, which includes the $1.2+ billion dollar Bayfront Redevelopment Project, rapid growth in the eastern part of the city, and the reshaping of the Third Avenue Village District into Chula Vista’s new downtown core. The project components consist of premier recreational, residential, and resort destination on the San Diego Bay just minutes from the subject property. The execution of the city’s smart growth revitalization strategies, while preserving Chula Vista’s rich heritage, have added tremendous value to the 2nd largest city in San Diego County. The submarket boasts a broad geographic profile with an employment backbone supported by the logistics sector in Otay Mesa, just seven miles from Tijuana. Chula Vista also benefits from the growing Pacific Naval Fleet, with a migration of roughly 3,000 new sailors into the area with each new carrier. Vista Pacific residents are surrounded by high-quality employment opportunities, exceptional retail and recreational amenities.