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Renovated | 26 Gar + 1.4AC | North County 628 W California Ave 22 Unit Apartment Building $8,770,000 ($398,636/Unit) 5.05% Cap Rate Vista, CA 92083
INVESTMENT HIGHLIGHTS
- Extensively renovated | Nearby downtown Vista Village shopping, breweries, restaurants
- 26 GARAGES and abundant parking on-site
- Potential to add significant number of ADU's
- Large 1.43 acre site with potential to add ADU's
- 5.05% Current Cap | 5.95% Market Cap
- North County San Diego within close proximity to light rail sprinter with access to beaches and Cal State San Marcos
EXECUTIVE SUMMARY
Extensively renovated with additional upside potential. LARGE 1.43 Acre lot with 26 garages and abundant on-site parking. Prime North County San Diego in Vista, walking distance to Downtown Vista Village. Extra large units with downstairs enclosed patios and upstairs balconies. Potential to add 13 ADUs! Upgrades include:
• New kitchens - quartz counters, new cabinets/sinks/fixtures, stainless steel appliances
• New baths - new cabinets/sinks/fixtures, refinished bath/shower stalls
• New windows, new LVP flooring, wall-unit ACs
• Automatic garage doors, roof upgrades, new paint, fenced-in patios, and washer/dryers in select units
• New kitchens - quartz counters, new cabinets/sinks/fixtures, stainless steel appliances
• New baths - new cabinets/sinks/fixtures, refinished bath/shower stalls
• New windows, new LVP flooring, wall-unit ACs
• Automatic garage doors, roof upgrades, new paint, fenced-in patios, and washer/dryers in select units
PROPERTY FACTS
| Price | $8,770,000 | Building Class | C |
| Price Per Unit | $398,636 | Lot Size | 1.43 AC |
| Sale Type | Investment | Building Size | 18,195 SF |
| Cap Rate | 5.05% | Average Occupancy | 100% |
| No. Units | 22 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1980/2024 |
| Property Subtype | Apartment | Parking Ratio | 3.24/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM15 | ||
| Price | $8,770,000 |
| Price Per Unit | $398,636 |
| Sale Type | Investment |
| Cap Rate | 5.05% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.43 AC |
| Building Size | 18,195 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2024 |
| Parking Ratio | 3.24/1,000 SF |
| Zoning | RM15 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Ceiling Fans
- Range
- Vinyl Flooring
- Quartz Countertops
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 700 |
| 2+1 | 7 | - | 905 |
| 2+2 | 6 | - | 960 |
| Studios | 1 | - | 500 |
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PROPERTY TAXES
| Parcel Number | 163-420-01 | Improvements Assessment | $4,034,671 |
| Land Assessment | $3,121,200 | Total Assessment | $7,155,871 |
PROPERTY TAXES
Parcel Number
163-420-01
Land Assessment
$3,121,200
Improvements Assessment
$4,034,671
Total Assessment
$7,155,871
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Renovated | 26 Gar + 1.4AC | North County | 628 W California Ave
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