1470 Santa Fe Ave Vista, CA 92084

This exceptional multifamily investment opportunity presents a meticulously maintained, Class A apartment building, the Santa Fe Townhomes, located in Vista, California. The property boasts 45 newly constructed (2022) two-bedroom, two-and-a-half-bathroom townhome-style units, each featuring a two-car garage and modern amenities including a refrigerator, stove, dishwasher, microwave, washer/dryer, and central air conditioning. The units are designed with contemporary open-concept living spaces, luxurious hard surface flooring, and spacious layouts. The total square footage is 74,469, with a current asking price of $32,000,000 ($429.71/sq ft and $711,111.11 per unit). The property sits on a 3.91-acre lot and includes an additional 0.7-acre adjacent parcel, presenting significant potential for expansion—up to eight additional units or enhanced parking to facilitate the conversion of existing two-bedroom units into three-bedroom units. The property's stabilized investment status offers a 4.03% cap rate and a pro-forma NOI of $1,289,836. The convenient location near Downtown Vista and public transportation adds to its appeal. This is a value-add opportunity with strong potential for future growth and increased profitability. The property's APN is 180-192-69-00. The address is 1470 S Santa Fe Ave, Vista, CA 92084.