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772 E Vista Way

Vista, CA 92084
  • $895,000
  • STATUS: ACTIVE
  • ON SITE: 37 Days
  • ID#: 240026063
UPDATED: 54 min ago
$895,000
  • 4
    BEDS
  • 0.42
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,200
    SQFT
  • $407
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1972
County:

School Ratings & Info

Description

Featuring 772 E Vista Way located in the heart of Vista. The subject property is comprised of two - 2bed/2ba units on a large 18,133 sq foot lot. Both units are over 1100 sq ft with private backyards and attached garages. There is ample parking for tenants and guests and the lot/zoning permits the addition of two detached 1200 sq. ft ADU's. Both units also have washer and dryers in unit. Tenants are long term and significantly below market providing substantial rental upside through minor cosmetic upgrades and rent stabilization. The property is centrally located within walking distance to a vital corridor of Vista (Vista Way). Restaurants, schools, city transport and employment are all a short walks distance to the property making it convenient for tenants. The 78 corridor and Vista specifically is a drastically improving sub-market of San Diego as gentrification spreads eastward from the coast. Vista is an area that is quickly improving and a great area for a first time investment or addition to a growing portfolio.

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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/157524447
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772 E Vista Way Vista, CA 92084

  • Price: $895,000
  • Status: ACTIVE
  • On Site: 37 Days
  • Updated: 54 min ago
  • ID#: 240026063
4
Beds
4
Baths
0
½ Baths
0.42
Acres
2,200
SQFT
$407
$/SQFT
1972
Built
Neighborhood:
Vista
County:
San Diego
Area:
Vista (92084)
Property Description
Featuring 772 E Vista Way located in the heart of Vista. The subject property is comprised of two - 2bed/2ba units on a large 18,133 sq foot lot. Both units are over 1100 sq ft with private backyards and attached garages. There is ample parking for tenants and guests and the lot/zoning permits the addition of two detached 1200 sq. ft ADU's. Both units also have washer and dryers in unit. Tenants are long term and significantly below market providing substantial rental upside through minor cosmetic upgrades and rent stabilization. The property is centrally located within walking distance to a vital corridor of Vista (Vista Way). Restaurants, schools, city transport and employment are all a short walks distance to the property making it convenient for tenants. The 78 corridor and Vista specifically is a drastically improving sub-market of San Diego as gentrification spreads eastward from the coast. Vista is an area that is quickly improving and a great area for a first time investment or addition to a growing portfolio.
Exterior Features

Exterior Other/Remarks Fencing N/K Frontage Other/Remarks Roof Other/Remarks Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 2 Units With Patios 0

Interior Features

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

Property Features

Actual Cap Rate 2.7 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 18714 Annual Expense Projected 18714 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Complex Features Other/Remarks Complex Park No Cross Streets E Vista Way Gross Rent Multiplier Actual 20.2 Gross Rent Multiplier Project 13.8 Gross Scheduled Income Actual 44400 Gross Scheduled Income Project 64800 Mandatory Remarks None Known Market Area North County Monthly Total Fees 0 Net Operating Income Projected 44143 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 4.9 Projected Other Income 0.0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays SewerTrashElectricity Terms CashConventionalFHAOther/Remarks Unit Number For Unit1 772 Unit Number For Unit2 774 Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 2700.0 Unit1 Rent Actual 1775.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 2700.0 Unit2 Rent Actual 1900.0

San Diego MLS logo Listing provided courtesy of Cameron Ebrahimi of South Coast Commercial, Inc.: 858-380-8553. 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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