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330 Mar Vista Dr
Vista, CA 92083
76 Units North County San Diego + 4 ACRE Lot · Multifamily Property For Sale
·
76 Units
Investment Highlights
- 6%+ Current Cap Rate
- Excellent North County San Diego location in Vista
- Potential to add solar and reduce electric bill
- Low density property on a massive 4.03 acre lot
- Agency Loan Proceeds up to approx. 70% LTV. Rates in low 5%'s
- SB-1211 Potential to add additional ADU units
Executive Summary
Vista Del Mar presents an exceptional, high-yield investment opportunity to acquire a stabilized, low-density 76-unit apartment community positioned on a massive 4.03-acre lot in the premier North County San Diego municipality of Vista, California. Originally constructed in 1990, the property has recently undergone extensive interior and exterior capital renovations, offering an incoming investor a fully modernized asset boasting an impressive 6%+ current Cap Rate and substantial immediate cash flow from day one. Strategically situated just off the Interstate 78 (I-78) freeway, the asset provides residents with unmatched regional transit access to coastal Carlsbad, Oceanside, and the inland employment engines of San Marcos and Escondido. In addition, the property is in close proximity to Cal State San Marcos, California’s fastest growing state university. The property features a highly desirable all-studio footprint catering perfectly to the region’s single-professional and workforce tenant base. Combining highly amenitized grounds—including abundant parking, a pool and tennis court—with an unprecedented physical footprint, this asset stands out as a rare scale acquisition combining strong current yield with future development upside.
Property Facts
| Price Per Unit | $212,171 | Building Class | B |
| Sale Type | Investment | Lot Size | 4.03 AC |
| Cap Rate | 6% | Building Size | 31,890 SF |
| No. Units | 76 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 2023/2024 |
| Property Subtype | Apartment | Parking Ratio | 4.05/1,000 SF |
| Zoning | R-1 | ||
| Price Per Unit | $212,171 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 76 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 4.03 AC |
| Building Size | 31,890 SF |
| No. Stories | 2 |
| Year Built/Renovated | 2023/2024 |
| Parking Ratio | 4.05/1,000 SF |
| Zoning | R-1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 76 | - | 360 - 420 |
Property Taxes
| Parcel Number | 183-041-45 | Improvements Assessment | $9,593,319 |
| Land Assessment | $2,706,080 | Total Assessment | $12,299,399 |
Property Taxes
Parcel Number
183-041-45
Land Assessment
$2,706,080
Improvements Assessment
$9,593,319
Total Assessment
$12,299,399
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