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175 Cedar Rd
Vista, CA 92083
Cedar Palms Apartment Homes · Multifamily Property For Sale
·
14 Units
Property Facts
| No. Units | 14 | Lot Size | 0.66 AC |
| Property Type | Multifamily | Building Size | 14,364 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1986 |
| Building Class | C | Parking Ratio | 1.67/1,000 SF |
| Zoning | R3 | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 14,364 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 1.67/1,000 SF |
| Zoning | R3 |
Amenities
Site Amenities
- Laundry Facilities
- Gated
About 175 CEDAR RD , VISTA, CA 92083
Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Cedar Palms Apartment Homes, a 14-unit multifamily investment property located at 175 Cedar Road in Vista, California. Built in 1986, Cedar Palms Apartment Homes consists entirely of 14, two-bedroom units. Residents enjoy a wide range of amenities including controlled access, a central courtyard, ample carport and garage parking, private patios (ground floor units), and on-site laundry. With vacancy at 4 percent (3Q 2018) and average year-over-year rent growth between 2014 and 2017 of 6.7 percent, Vista is well-positioned for further growth. In addition, a vast majority of households are priced out of single family home ownership in Vista as the average monthly mortgage payment on median priced single family home exceeds average monthly rent in the area by $1,470. Given the strength of the Vista rental market and the city's strong demographics, Cedar Palms Apartment Homes is well suited to provide investors with strong returns and value appreciation over the long term investment horizon.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 14 | $1,588 | 1,026 |
Property Taxes
| Parcel Number | 166-630-28 | Improvements Assessment | $2,342,588 |
| Land Assessment | $1,952,156 | Total Assessment | $4,294,744 |
Property Taxes
