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631 Hillside Ter 2 Unit Apartment Building $1,200,000 ($600,000/Unit) 5.47% Cap Rate Vista, CA 92084
Executive Summary
This beautifully remodeled duplex is located in a quiet, high-rent pocket of Vista. The property features two side-by-side, townhouse style 3-bedroom homes with additional 1st floor Office (or optional 4th Bedroom), attached 2 car garages with laundry hookups, and private yards each with a patio. The property is positioned to achieve top-of-market rents, with strong in-place appeal and functional layouts, it offers stable income with future upside, including potential ADU conversion through the existing garage space.
Beyond its investment potential, this property is a compelling opportunity for multigenerational living or for an owner-occupant looking to offset their mortgage by living in one unit while renting the other.
Beyond its investment potential, this property is a compelling opportunity for multigenerational living or for an owner-occupant looking to offset their mortgage by living in one unit while renting the other.
Property Facts
| Price | $1,200,000 | Apartment Style | Garden |
| Price Per Unit | $600,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 5.47% | Building Size | 2,383 SF |
| Gross Rent Multiplier | 12.99 | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | ||
| Zoning | SPI | ||
| Price | $1,200,000 |
| Price Per Unit | $600,000 |
| Sale Type | Investment |
| Cap Rate | 5.47% |
| Gross Rent Multiplier | 12.99 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 2,383 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1986 |
| Zoning | SPI |
Amenities
Unit Amenities
- Washer/Dryer Hookup
- Tile Floors
- Yard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 2 | - | 1,191 |
1 1
Property Taxes
| Parcel Number | 175-370-64 | Improvements Assessment | $226,780 |
| Land Assessment | $306,461 | Total Assessment | $533,241 |
Property Taxes
Parcel Number
175-370-64
Land Assessment
$306,461
Improvements Assessment
$226,780
Total Assessment
$533,241
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631 Hillside Ter
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