Stonecliff 702 E Vista Way 2 Unit Apartment Building $1,200,000 ($600,000/Unit) 5.40% Cap Rate Vista, CA 92084

Located in the heart of Vista we're pleased to present Stonecliff at 702-704 E Vista Way, Vista 92084. The property resides at the hilltop of a cul-de-sac and consists of two large detached single family homes; one - 3bed/2bath 1940's construction home and 1 - 2bed/2bath 1989 built home on an over 19K sq. foot lot. Both homes are spacious in size estimated at over 1500 sq ft each. The 3bed/2bath has a large lushly landscaped backyard with a 360 degree wrap-around driveway, koi pond, expansive panoramic views of Downtown Vista and a detached storage/office structure. The upstairs bedroom has a balcony with great views and the home includes a two-car dual-door garage that can be entered from the from the front or rear. The interior has recently been updated with new LVP flooring, dual pane windows & paint but still needs light cosmetic work. The 2bed/2ba has a single car garage and a back patio/deck with panoramic views. Both homes are two-story and equipped with w/d hookups. The 3bed/2ba is currently VACANT making this a good owner/user candidate. There is value-add through stabilizing the rent of the 2bed/2ba and/or converting the garages to ADU's.
The property is centrally located just minutes from Vista Village; a quickly gentrifying region as home buyers/investors flock to affordability. Places of employment, entertainment, city transport, schools, restaurants are within close proximity and the beach in Oceanside is less than a 10 minute drive. The property is well positioned for continued appreciation as the Vista market and 78 corridor continues to improve and grow.
This is a great opportunity investment opportunity for an owner-user or buyer looking to acquire a value add-asset through rent stabilization and/or adding ADU's.