Hascall Realty, CA DRE #01241413
Rhonda Hascall, Hascall Realty, CA DRE #01241413Phone: (619) 838-9044
Email: [email protected]
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listing
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CommercialSold
List Price $2,000,000
Sold Price $1,925,000
226 E California Avenue
Vista, CA 92084
Listed by Josh Browar DRE#01824454 [email protected] The Browar Group
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$10,424/mo

The property located at 226-240 E California Avenue is a unique value-add opportunity in the heart of Vista, CA, a submarket of North County San Diego. Situated on a large lot (over 20,000sqft) the building contains (5) 1Br/1Ba apartments, (3) 2br/1ba apartments, (10) garages and laundry facilities. Most units have private outdoor space with potential to create private outdoor spaces for all units. The property is ripe for a value-add investor to improve the property via cosmetic upgrades and obtain market rents. Currently all tenants are on MTM leases and leasing at rates over 50% below market rents. There are 10 single car garages on site as well. Two of the six structures on the lot are comprised of 4 single car garages totaling approx 1,000sqft of space. These two structures offer a prime opportunity for one to create at least two ADU's and truly bring out the highest and best of this rare investment opportunity.

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Information courtesy of The Browar Group is subject to verification and is not guaranteed.
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