For Sale
$1,500,000
1061 Prospect Pl Vista, CA 92081
4-Unit Apartment Building, High ROI Potential
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 134
Highlights
- Prime Vista, CA multifamily investment opportunity: 4-unit building on a 0.56-acre lot, offering significant value-add potential.
- Excellent location in high-demand Vista, CA rental market.
- Strong current performance: 96% occupancy, $7,419 NOI, 3.87% cap rate.
- Substantial upside: Pro-forma cap rate of 6.27% through modest improvements.
- Attractive unit mix: 1, 2, and 3-bedroom units with ample parking (4 spaces per unit, including garages).
Property Details for 1061 Prospect Pl
- Property type
- Apartment buildings
- Class
- C
- Year Built
- 1953
- Buildings
- 2
- Lot Size (sq. ft)
- 24,394 SF
- Units
- 4
Location Insight
- City
- Vista
- County
- San Diego
- State
- California
- Latitude
- 33.185009644417
- Longitude
- -117.23765338888
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - 4-Unit Apartment Building, High ROI Potential
- Where is the apartment building located?
- The property is located at 1061 Prospect Pl Vista, CA.
- What is the asking price?
- The asking price for this property is $1,500,000.
- What are key features of this property?
- This property features: Prime Vista, CA multifamily investment opportunity: 4-unit building on a 0.56-acre lot, offering significant value-add potential.; Excellent location in high-demand Vista, CA rental market.; Strong current performance: 96% occupancy, $7,419 NOI, 3.87% cap rate.
- How can I contact the broker?
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