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Investment Highlights

  • Built in 1988 and Extensively Renovated in 2018
  • Centrally Located within Walking Distance to Revitalized Downtown Vista and Paseo Santa Fe. Easy Access to Dining, Shopping & Entertainment
  • Fully Remodeled Common Area with Outdoor Grilling Stations, Shaded Dining Areas, Lounges and Seated Firepit
  • Priced Competitively at $35k to $71k Per Unit Less Than Current On-Market Comparables
  • Strong Unit Mix of Twenty-Four Large 2bd/2bth and Eight Large 1bd/1bth Mostly Upgraded Units. All Units have Private Balconies or Patios with Storage
  • Just 9 Miles from Pristine California Beaches

Executive Summary

The Weddle Group of TWG Commercial is pleased to present for sale Hillside Terrace Apartments, a
32-unit multifamily community located at 322 Hillside Terrace in the heart of Vista, California.
Constructed in 1988, the property has benefited from significant capital improvements, with
approximately 85% of the unit interiors comprehensively renovated in 2018. Upgraded residences
feature modern kitchens, stainless steel appliances, quartz countertops, renovated bathrooms, and
durable vinyl plank flooring. This offering presents investors with a compelling combination of
stable in-place income and a straightforward opportunity for continued growth.
Ideally situated within walking distance of Downtown Vista and Paseo Santa Fe which completed a
full revitalization in 2020. The property enjoys convenient access to a vibrant mix of restaurants,
retail, breweries, and entertainment venues in one of North County San Diego’s most dynamic
urban districts.
The unit mix consists of twenty-four spacious two-bedroom, two-bathroom apartments and eight
large one-bedroom, one-bathroom apartments. Each residence includes a private patio or balcony
with an individual storage closet.
Residents enjoy a thoughtfully renovated common area featuring outdoor barbecue stations,
shaded patio dining, a quartz-topped fire pit gathering space, and professionally landscaped
grounds. Additional amenities include a modern on-site laundry facility, ample parking, and
controlled gated access.
Under no circumstances should the property be entered or tenants disturbed. All inquiries and
requests for information must be directed exclusively to the listing agent, Gary Weddle.

Property Facts

Price $9,750,000
Price Per Unit $304,688
Sale Type Investment
Cap Rate 5.03%
Gross Rent Multiplier 12.88
No. Units 32
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 1.52 AC
Building Size 27,232 SF
No. Stories 2
Year Built/Renovated 1988/2018
Parking Ratio 1.84/1,000 SF
Zoning R3 - R-3 Multifamily

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Storage Space
  • Heating
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Sprinkler System
  • Stainless Steel Appliances
  • Dining Room
  • Linen Closet
  • Pantry
  • Patio
  • Large Bedrooms
  • Quartz Countertops

Site Amenities

  • Picnic Area
  • Property Manager on Site
  • Gated
  • Storage Space
  • Private Bathroom

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 8 - 710
2+2 24 - 898
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
175-192-38
Land Assessment
$4,600,336
Improvements Assessment
$5,621,069
Total Assessment
$10,221,405
  • Listing ID: 40946046

  • Date on Market: 6/16/2026

  • Last Updated:

  • Address: 322 Hillside Ter, Vista, CA 92084

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