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633-643 Truly Terrace

Vista, CA 92084
  • $1,700,000
  • STATUS: ACTIVE
  • ON SITE: 68 Days
  • ID#: 210026741
$1,700,000
  • 5
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,700
    SQFT
  • $630
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1957
County:

School Ratings & Info

Description

6 UNITS | VISTA, CA. Big Value-Add Opportunity. Potential to Add 2 ADUs. All single-story units with front and back yards. HUGE lot with large laundry facility, freestanding storage units and covered parking. 1/2 mile to Downtown Vista (Paseo Santa Fe) and Vista Village Lifestyle Shopping Center. Potential for 7%+ Cap Rate on Market Post Renovation and 8%+ Cap Rate on Market Post Renovation plus adding 2 ADU's. 2 - 2BR/1BA's & 4 - 1BR/1BA's. Buyer to investigate and confirm with City of Vista regarding ability to add additional ADU's.

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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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/121627312
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633-643 Truly Terrace Vista, CA 92084

  • Price: $1,700,000
  • Status: ACTIVE
  • On Site: 68 Days
  • ID#: 210026741
5
Beds
4
Baths
0
½ Baths
N/A
Acres
2,700
SQFT
$630
$/SQFT
1957
Built
Neighborhood:
Vista
County:
San Diego
Area:
Vista (92084)
Property Description
6 UNITS | VISTA, CA. Big Value-Add Opportunity. Potential to Add 2 ADUs. All single-story units with front and back yards. HUGE lot with large laundry facility, freestanding storage units and covered parking. 1/2 mile to Downtown Vista (Paseo Santa Fe) and Vista Village Lifestyle Shopping Center. Potential for 7%+ Cap Rate on Market Post Renovation and 8%+ Cap Rate on Market Post Renovation plus adding 2 ADU's. 2 - 2BR/1BA's & 4 - 1BR/1BA's. Buyer to investigate and confirm with City of Vista regarding ability to add additional ADU's.
Exterior Features

Exterior Stucco Fencing Partial Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Unit4 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 6

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Unit4 Laundry Hook Ups Common Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 2 Units With Fireplaces 0 Units With Range Oven 6 Units With Refrigerators 6 Units With Washers 2

Property Features

Actual Cap Rate 2.91 Age Restrictions N/K Annual Expense Actual 39247 Annual Expense Projected 49603 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Complex Park Golden Vista Cross Streets Townsite Dr Gross Rent Multiplier Actual 18.58 Gross Rent Multiplier Project 9.95 Gross Scheduled Income Actual 91500 Gross Scheduled Income Project 190920 Mandatory Remarks None Known Market Area North County Monthly Total Fees 0 Net Operating Income Projected 135589 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 7.14 Projected Other Income 0.0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays N/K Terms Other/Remarks Unit Number For Unit3 3 Unit Number4 4 Unit1 Deposit 1000 Unit1 Occupied Tenant Unit1 Projected Rent 2295.0 Unit1 Rent Actual 1545.0 Unit2 Deposit 800 Unit2 Occupied Tenant Unit2 Projected Rent 1825.0 Unit2 Rent Actual 1145.0 Unit3 Deposit 845 Unit3 Occupied Tenant Unit3 Projected Rent 1825 Unit3 Rent Actual 1145.0 Unit4 Deposit 715 Unit4 Occupied Tenant Unit4 Projected Rent 1825 Unit4 Rent Actual 1145.0

Listing provided courtesy of Colliers International. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
 
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Neuman & Neuman Real Estate Inc.
516 5th Avenue
San Diego CA, 92101