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226 E California Avenue Vista, CA 92084
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Key Details
Sold Price $1,925,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 230005604SD
Sold Date 07/14/23
HOA Y/N No
Property Sub-Type Mixed Use
Property Description
The property located at 226-240 E California Avenue is a unique value-add opportunity in the heart of Vista, CA, a submarket of North County San Diego. Situated on a large lot (over 20,000sqft) the building contains (5) 1Br/1Ba apartments, (3) 2br/1ba apartments, (10) garages and laundry facilities. Most units have private outdoor space with potential to create private outdoor spaces for all units. The property is ripe for a value-add investor to improve the property via cosmetic upgrades and obtain market rents. Currently all tenants are on MTM leases and leasing at rates over 50% below market rents. There are 10 single car garages on site as well. Two of the six structures on the lot are comprised of 4 single car garages totaling approx 1,000sqft of space. These two structures offer a prime opportunity for one to create at least two ADU's and truly bring out the highest and best of this rare investment opportunity.
Location
State CA
County San Diego
Area 92084 - Vista
Interior
Heating Wall Furnace
Fireplace No
Exterior
Roof Type Composition
Others
Tax ID 1750922000
Acceptable Financing Cash
Listing Terms Cash
Financing Cash to New Loan
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Bought with Angelo La Bruna Apartment Realty Group (ARG)