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426 Phillips Way

Vista, CA 92083
  • $1,530,000
  • STATUS: PENDING
  • ON SITE: 32 Days
  • ID#: 240011293
Pending
$1,530,000
  • 7
    BEDS
  • 0.38
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 4,528
    SQFT
  • $338
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1959
County:

Description

An exceptional multi-family property located just 1 block from the Sprinter Station at the end of a cul-de-sac...located on a flag lot with two access points and ample parking. This expansive residence offers a total of 4 units, (1) 4-bed/2-bath, (1) 3-bed/2-bath, and (2) Studios — this property is thoughtfully designed to accommodate multiple living arrangements, making it an ideal investment property or a spacious residence for extended living. Each unit offers a private backyard, low yard maintenance, along with ample parking & in-unit laundry facilities for 3 of the 4 units. Additional access point off of Phillips street features additional parking, RV Parking and a storage shed. With versatile investment potential, explore this opportunity firsthand; your investment journey begins here! Conveniently located in Vista, this property offers easy access to a variety of amenities, including dining, shopping, and entertainment options. Don't miss the chance to explore this unique and expansive property.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/150748388
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426 Phillips Way Vista, CA 92083

  • Price: $1,530,000
  • Status: PENDING
  • On Site: 32 Days
  • ID#: 240011293
7
Beds
5
Baths
0
½ Baths
0.38
Acres
4,528
SQFT
$338
$/SQFT
1959
Built
Neighborhood:
Vista
County:
San Diego
Area:
Vista (92083)
Elementary School:
Vista Unified School District
Middle School:
Vista Unified School District
High School:
Vista Unified School District
Property Description
An exceptional multi-family property located just 1 block from the Sprinter Station at the end of a cul-de-sac...located on a flag lot with two access points and ample parking. This expansive residence offers a total of 4 units, (1) 4-bed/2-bath, (1) 3-bed/2-bath, and (2) Studios — this property is thoughtfully designed to accommodate multiple living arrangements, making it an ideal investment property or a spacious residence for extended living. Each unit offers a private backyard, low yard maintenance, along with ample parking & in-unit laundry facilities for 3 of the 4 units. Additional access point off of Phillips street features additional parking, RV Parking and a storage shed. With versatile investment potential, explore this opportunity firsthand; your investment journey begins here! Conveniently located in Vista, this property offers easy access to a variety of amenities, including dining, shopping, and entertainment options. Don't miss the chance to explore this unique and expansive property.
Exterior Features

Exterior Stucco Fencing FullGatePartial Frontage Freeway Irrigation N/K Parking For RV Potential Space Parking Garage Desc Unit1 Attached Parking Garage Desc Unit2 N/K Parking Garage Desc Unit3 N/K Parking Garage Desc Unit4 N/K Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 2 Parking Garage Spaces Unit3 0 Parking Garage Spaces Unit4 0 Parking Non Garage Desc Unit1 AssignedTandem Parking Non Garage Desc Unit2 Assigned Parking Non Garage Desc Unit3 Assigned Parking Non Garage Desc Unit4 Assigned Parking Spaces Total Unit1 3.0 Parking Spaces Total Unit2 4.0 Parking Spaces Total Unit3 3.0 Parking Spaces Total Unit4 1.0 Pool N/K Pool Heat None Known Roof Composition Site Cul-De-SacEasement AccessFlag LotPrivate Street Spa N/K Spa Heat None Known Topography Slope Gentle Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Unit4 Exclusive Use Yard Yes Units With Garages 1 Units With Patios 3 View Evening LightsMountains/Hills

Interior Features

Cooling Central Forced AirWall/WindowOther/Remarks Furnished Units 2 Half Baths Unit1 0 Half Baths Unit2 1 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Forced Air UnitWall/Gravity Heat Source ElectricNatural Gas Stories Split Level Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups No Units With Cooling 2 Units With Dishwashers 2 Units With Dryers 3 Units With Fireplaces 1 Units With Range Oven 3 Units With Refrigerators 4 Units With Washers 3 Water Heater Type Gas

Property Features

Actual Cap Rate 8.6 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 14700 Annual Expense Projected 15000 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Complex Park Phillips Way Cross Streets Phillips Street & Phillips Way Gross Rent Multiplier Actual 23.5 Gross Rent Multiplier Project 9.6 Gross Scheduled Income Actual 5630 Gross Scheduled Income Project 13800 Mandatory Remarks None Known Market Area North County Miscellaneous Dog RunValue in Land Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 1200 Pets Yes Possession Close of Escrow Projected Cap Rate 10.0 Projected Other Income 2400.0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications Wired High Speed Internet Tenant Pays Cable TV Terms CashConventional Unit Number For Unit1 A Unit Number For Unit2 B Unit Number For Unit3 C Unit Number4 D Unit1 Deposit 0 Unit1 Occupied Vacant Unit1 Projected Rent 5000.0 Unit1 Rent Actual 0.0 Unit2 Deposit 3150 Unit2 Occupied Tenant Unit2 Projected Rent 3630.0 Unit2 Rent Actual 3630.0 Unit3 Deposit 0 Unit3 Occupied Vacant Unit3 Projected Rent 2300 Unit3 Rent Actual 0.0 Unit4 Deposit 300 Unit4 Occupied Tenant Unit4 Projected Rent 2200 Unit4 Rent Actual 2000.0 Water Meter on Property Water District VISTA IRRIGATION DISTRICT

San Diego MLS logo Listing provided courtesy of Stacy Roth of Compass: 619-388-9315. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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