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131 Townsite Dr
Vista, CA 92084
Townsite Terrace Apartments · Multifamily Property For Sale
·
34 Units
PROPERTY FACTS
| No. Units | 34 | Lot Size | 1.45 AC |
| Property Type | Multifamily | Building Size | 28,176 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1987/2017 |
| Building Class | C | Parking Ratio | 2.38/1,000 SF |
| Zoning | R3, Vista | ||
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.45 AC |
| Building Size | 28,176 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1987/2017 |
| Parking Ratio | 2.38/1,000 SF |
| Zoning | R3, Vista |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Refrigerator
- Oven
- Range
- Smoke Free
SITE AMENITIES
- Laundry Facilities
ABOUT 131 TOWNSITE DR , VISTA, CA 92084
The current and past ownership have remodeled several of the units. The renovated units command a premium over non-renovated units. The renovations include new flooring, paint, granite countertops, and all new appliances. Townsite Terrace Apartments provides the right investor with the opportunity to increase potential rent by renovating the remaining units. The community provides investors an opportunity to enhance yield in the near- term with a slight rental increase and full recovery of loss-to-lease.The property is located in the core business area of Vista. Several shopping centers, a large park and the civic center are within easy driving distance. Current owners have installed air conditioning in all the units, resurfaced the parking lot, painted the exterior of the project, replaced all exterior lighting with low energy use lighting, all new landscaping with drip irrigation and all new security gates. All the units are on RUBS.The project features pitched grey Spanish title roofs, patio's and balconies with a separate office for the manager.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 600 |
| 2+2 | 24 | - | 800 |
| 3+2 | 2 | - | 900 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $6,561,876 | |
| Land Assessment | $2,843,475 | Total Assessment | $9,405,351 |
PROPERTY TAXES
