For Sale
$700,000

227 Hillside Ter Vista, CA 92084

Prime Vista location, value-add opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a 0.26-acre fee-simple property in Vista, California (APN 175-191-09-00), currently featuring a fully occupied 956 sq ft single-family home generating a net operating income (NOI) of $27,600. The property boasts R3 zoning and has received by-right approval from the City of Vista for the construction of two additional single-family homes. Plans call for a 1200 sq ft home (projected rent: $3,864/month) and a 1000 sq ft home (projected rent: $3,584/month), significantly increasing the property's potential NOI to $100,042. This presents a unique chance to develop a three-unit single-family compound or expand an existing residential portfolio. The property's convenient location offers proximity to elementary, middle, and high schools, enhancing its appeal to renters. The flexible design allows for customization based on desired finishes, construction type, amenities, and the final design. Note that all zoning and permitting requirements should be independently verified. The asking price for this value-add, build-to-suit multifamily investment is $700,000.

Highlights

  • 0.26-acre fee-simple lot in Vista, CA (APN 175-191-09-00) with R3 zoning and by-right approval for two additional single-family homes.
  • Currently features a fully occupied 956 sq ft single-family home generating $27,600 annual NOI.
  • Potential to build three single-family homes, increasing NOI to $100,042 annually (projected).
  • Excellent location near elementary, middle, and high schools.
  • Flexible design allows for customization of finishes, construction type, and amenities.

Property Details for 227 Hillside Ter

Property type
Residential income homes
Square Feet
956 SF
Class
B
Lot Size (sq. ft)
11,326 SF

Location Insight

City
Vista
County
San Diego
State
California
Latitude
33.2063346
Longitude
-117.2385149

FAQs

What type of property is this?
Residential income home - Prime Vista location, value-add opportunity.
Where is the residential income home located?
The property is located at 227 Hillside Ter Vista, CA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 0.26-acre fee-simple lot in Vista, CA (APN 175-191-09-00) with R3 zoning and by-right approval for two additional single-family homes.; Currently features a fully occupied 956 sq ft single-family home generating $27,600 annual NOI.; Potential to build three single-family homes, increasing NOI to $100,042 annually (projected).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
227 Hillside Ter
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message