427 Redlands StVista, CA 92083

Property Details for 427 Redlands St

Year built

1953

Lot size

0.17 AC

Property size (Sq ft)

4,350 SF

Zone code

INDUSTRIAL (M ZONE)

Property type

Auto shops

APN

175-116-08-00

APU

1751160800

Description

This Vista, California property, located at 427 + 435 Redlands Street, presents a unique investment opportunity for owner-users, investors, or developers. The 5,990 square foot property consists of two buildings (built in 1965 and 1973) situated on a 0.52-acre lot and currently operates as a fully occupied (100%) auto shop with three units. The property benefits from a Mixed Use zoning designation, offering flexibility for continued auto repair services or alternative uses. Its strategic location is within walking distance of the Vista Transit Center, providing convenient access to the 78 corridor via rail and bus services. Three convenient access points are available via Redlands Street, West Connecticut Avenue, and an alleyway off West Connecticut Avenue. The property's proximity to residential areas and historic downtown Vista enhances its appeal. With all leases month-to-month or expiring by July 10, 2024, investors have the potential to immediately increase rental income, especially considering the 0% vacancy rate for auto repair properties in Vista. The property's address is 427 + 435 Redlands Street, Vista, CA 92083, and the APN is Multiple. Developers may find attractive entitlement incentives for projects aligning with affordable housing criteria.

• CAP approach

  CAP return

  Valuation

  6%

  $1,420,111

  6.5%

  $1,310,872

  7%

  $1,217,238

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,803,930

  Geo Method

  $3,858,295

• Alternative Use

  Use

  Valuation

  Residential

  $1,105,769

  Hospitality

  $1,012,879

  Educational

  $842,703

  Medical

  $871,685

  Retail

  $1,310,872

Location Insight

City

Vista

County

San Diego

State

California

Latitude

33.2058

Longitude

-117.246

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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