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EXECUTIVE SUMMARY
We are pleased to present NV Lofts, located at 1559 N Santa Fe Avenue, near Downtown Vista, California. Completed in 2024, this property represents a modern 4-story, 60-unit establishment, showcasing an experience of luxurious yet accessible living.
Combining distinctive and captivating design, NV Lofts stands as the forefront of new construction multifamily development located just 1.3 miles from the revitalized downtown Vista. This project is all about making the most of every detail, optimizing efficiency, interior space, and land use. NV Lofts is truly a pride-of-ownership asset in a strategic location, Class “A” product type, and unique design.
This exciting new 60-unit community spans 1.26 acres and offers a diverse unit mix of six (6) studios, thirty-six (36) one-bedroom/one-bathroom, and eighteen (18) two-bedroom/two-bathroom units. The property features an array of amenities for its vintage and size, including a resort-style clubhouse, resident lounge, garage parking with EV chargers, and ample storage. The units themselves are equipped with stainless steel appliances, shaker- style cabinets, quartz countertops, air conditioning, private balconies, and in-unit washer/dryers.
The property is ideally positioned near the revitalized downtown Vista, an area experiencing significant growth with the emergence of new businesses and dining options. The ongoing Paseo Santa Fe Corridor Streetscape Project is set to further enhance the urban environment. Downtown Vista is also home of the Vista Transit Center, which provides transportation to a multitude of locations throughout North County. NV Lofts is conveniently located on the Interstate-78 Corridor, home to over 644,943 residents (and counting) and boasts extensive job nodes/commercial spaces, including cutting-edge tech manufacturing and research facilities. Additionally, NV Lofts benefits from its proximity to higher education; Palomar College and California State University San Marcos are both located less than a 15-minute drive away.
With Vista’s strong rental demand and a low vacancy rate of 1.6%, NV Lofts presents a prime investment opportunity proximate to the heart of Downtown Vista. With its innovative design, luxurious enhancements, and optimal high demand unit mix ideal for the local workforce, the property provides investors with the unique opportunity to acquire a significant class “A” asset that is poised to capture steady rental premiums for generations to come. Please reach out to Austin Huffman (ahuffman@ipausa.com) for deal room access.
Combining distinctive and captivating design, NV Lofts stands as the forefront of new construction multifamily development located just 1.3 miles from the revitalized downtown Vista. This project is all about making the most of every detail, optimizing efficiency, interior space, and land use. NV Lofts is truly a pride-of-ownership asset in a strategic location, Class “A” product type, and unique design.
This exciting new 60-unit community spans 1.26 acres and offers a diverse unit mix of six (6) studios, thirty-six (36) one-bedroom/one-bathroom, and eighteen (18) two-bedroom/two-bathroom units. The property features an array of amenities for its vintage and size, including a resort-style clubhouse, resident lounge, garage parking with EV chargers, and ample storage. The units themselves are equipped with stainless steel appliances, shaker- style cabinets, quartz countertops, air conditioning, private balconies, and in-unit washer/dryers.
The property is ideally positioned near the revitalized downtown Vista, an area experiencing significant growth with the emergence of new businesses and dining options. The ongoing Paseo Santa Fe Corridor Streetscape Project is set to further enhance the urban environment. Downtown Vista is also home of the Vista Transit Center, which provides transportation to a multitude of locations throughout North County. NV Lofts is conveniently located on the Interstate-78 Corridor, home to over 644,943 residents (and counting) and boasts extensive job nodes/commercial spaces, including cutting-edge tech manufacturing and research facilities. Additionally, NV Lofts benefits from its proximity to higher education; Palomar College and California State University San Marcos are both located less than a 15-minute drive away.
With Vista’s strong rental demand and a low vacancy rate of 1.6%, NV Lofts presents a prime investment opportunity proximate to the heart of Downtown Vista. With its innovative design, luxurious enhancements, and optimal high demand unit mix ideal for the local workforce, the property provides investors with the unique opportunity to acquire a significant class “A” asset that is poised to capture steady rental premiums for generations to come. Please reach out to Austin Huffman (ahuffman@ipausa.com) for deal room access.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 1.26 AC |
| No. Units | 60 | Building Size | 44,913 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2024 |
| Building Class | B | Parking Ratio | 1.74/1,000 SF |
| Sale Type | Investment |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.26 AC |
| Building Size | 44,913 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 1.74/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | $1,460 CAD | 443 |
| 1+1 | 36 | $1,668 CAD | 699 |
| 2+2 | 18 | $3,923 CAD | 944 - 955 |
PROPERTY TAXES
| Parcel Number | 161-052-02 | Improvements Assessment | $17,694,785 CAD |
| Land Assessment | $2,049,740 CAD | Total Assessment | $19,744,525 CAD |
PROPERTY TAXES
Parcel Number
161-052-02
Land Assessment
$2,049,740 CAD
Improvements Assessment
$17,694,785 CAD
Total Assessment
$19,744,525 CAD
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NV Lofts | 1559 N Santa Fe Ave
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