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    321 Hillside

    Vista, CA 92084
    • $1,800,000
    • STATUS: Active Under Contract
    • ON SITE: 180 days
    • ID#: PW20106688
    Under Contract
    UPDATED: 65 min ago
    $1,800,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,149
      SQFT
    • $350
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1985
    County:

    School Ratings & Info

    Description

    Hillside Village Apartments is a 7 unit garden-style apartment complex located in the thriving city of Vista. Built in 1985 the project sits on .34 acres in an area surrounded mostly by single family homes. Hillside Village has been extremely well maintained with new exterior paint, rehabbed units, and drought-resistant landscaping. Hillside Village sits on a hilltop location with close access to downtown vista and the 78 corridor freeway. The rents at Hillside still have a lot of room for growth, allowing an investor to stabilize the property at over a 5% CAP. There is also RUBS implemented with tenants paying a majority of the utilities.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-01T20:30:55.897. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

    www.legacy15.com/homes/106509191
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    321 Hillside Vista, CA 92084

    • Price: $1,800,000
    • Status: Active Under Contract
    • Updated: 65 min ago
    • ID#: PW20106688
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    5,149
    SQFT
    $350
    $/SQFT
    1985
    Built
    Neighborhood:
    92084 - Vista
    County:
    San Diego
    Area:
    92084 - Vista
    Property Description
    Hillside Village Apartments is a 7 unit garden-style apartment complex located in the thriving city of Vista. Built in 1985 the project sits on .34 acres in an area surrounded mostly by single family homes. Hillside Village has been extremely well maintained with new exterior paint, rehabbed units, and drought-resistant landscaping. Hillside Village sits on a hilltop location with close access to downtown vista and the 78 corridor freeway. The rents at Hillside still have a lot of room for growth, allowing an investor to stabilize the property at over a 5% CAP. There is also RUBS implemented with tenants paying a majority of the utilities.
    Exterior Features

    Carport Spaces 0.00 Garage Spaces 0.00 Lot Features Landscaped Lot Size Units Square Feet Parking Total 10.00 Pool Features None Pool Private YN No Property Attached YN Yes Uncovered Spaces 10.00

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.60 Community Features Suburban Country Us Elevation Units Feet Gross Income 124620.00 Gross Multiplier 13.74 Gross Operating Income 120881.00 Gross Scheduled Income 124620.00 Insurance Expense 1802.00 Land Lease YN No Laundry YN Yes Net Operating Income 80964.00 New Construction YN No New Taxes Expense 25308.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 0 Operating Expense 39918.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 39918.00 Trash Expense 0.00 Vacancy Allowance 3739 Water Sewer Expense 0.00 Water Source Public Year Built Source Public Records Zoning R3

    Listing provided courtesy of Gary Tolfa of Triqor Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-01T20:30:55.897. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

     
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