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840 Sinkler Way 8 Unit Apartment Building $2,350,000 ($293,750/Unit) 4.62% Cap Rate Vista, CA 92083
INVESTMENT HIGHLIGHTS
- Private Balconies
- Large, 23,958 sqft lot
- 8 Garages (Has ADU Potential)
- Rents are Significantly Under Market
EXECUTIVE SUMMARY
Located just one mile from Downtown Vista, 840 Sinkler Way offers strong rental demand in a rapidly growing market.
This well-maintained property features eight spacious 2-bed, 1-bath units, each approximately 900 sq ft with private balconies, dedicated garages, and additional onsite parking.
With market rents exceeding $2,500, there's a potential 54% rental upside through interior renovations. Plus, the eight existing garages offer added value with the potential to convert into multiple ADUs
Recent improvements include fresh exterior paint and reinforced balconies, making this a rare, value-add opportunity in one of North County’s most desirable submarkets.
Shown only with accepted offer. Information herein has been obtained from sources believed reliable. South Coast Commercial INC does not doubt the accuracy, but we have not verified it and make no guarantee, warranty or representations. Reach out to Ellis Jolly for all questions and info (619) 415-5736
This well-maintained property features eight spacious 2-bed, 1-bath units, each approximately 900 sq ft with private balconies, dedicated garages, and additional onsite parking.
With market rents exceeding $2,500, there's a potential 54% rental upside through interior renovations. Plus, the eight existing garages offer added value with the potential to convert into multiple ADUs
Recent improvements include fresh exterior paint and reinforced balconies, making this a rare, value-add opportunity in one of North County’s most desirable submarkets.
Shown only with accepted offer. Information herein has been obtained from sources believed reliable. South Coast Commercial INC does not doubt the accuracy, but we have not verified it and make no guarantee, warranty or representations. Reach out to Ellis Jolly for all questions and info (619) 415-5736
PROPERTY FACTS
| Price | $2,350,000 | Apartment Style | Low-Rise |
| Price Per Unit | $293,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.56 AC |
| Cap Rate | 4.62% | Building Size | 9,568 SF |
| Gross Rent Multiplier | 13.9 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1986 |
| Property Type | Multifamily | Parking Ratio | 1/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | SP-DV - Multi-Family Residential | ||
| Price | $2,350,000 |
| Price Per Unit | $293,750 |
| Sale Type | Investment |
| Cap Rate | 4.62% |
| Gross Rent Multiplier | 13.9 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 9,568 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 1/1,000 SF |
| Zoning | SP-DV - Multi-Family Residential |
AMENITIES
UNIT AMENITIES
- Balcony
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Playground
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 179-124-33 | Improvements Assessment | $956,561 |
| Land Assessment | $546,603 | Total Assessment | $1,503,164 |
PROPERTY TAXES
Parcel Number
179-124-33
Land Assessment
$546,603
Improvements Assessment
$956,561
Total Assessment
$1,503,164
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840 Sinkler Way
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