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BIG PRICE DROP | Fully Renovated | 26 Garages 628 W California Ave 22 Unit Apartment Building $11,407,200 CAD ($518,509 CAD/Unit) 5.40% Cap Rate Vista, CA 92083
Investment Highlights
- BIG PRICE REDUCTION!
- 26 GARAGES and abundant parking on-site
- North County San Diego within close proximity to light rail sprinter with access to beaches and Cal State San Marcos
- Extensively renovated | Nearby downtown Vista Village shopping, breweries, restaurants
- Potential to add additional ADU's
- Large 1.43 acre site with potential to add ADU's
Executive Summary
BIG PRICE REDUCTION! Extensively renovated with additional upside potential. LARGE 1.43 Acre lot with 26 garages and abundant on-site parking. Prime North County San Diego in Vista, walking distance to Downtown Vista Village. Extra large units with downstairs enclosed patios and upstairs balconies. Potential to add 13 ADUs! Upgrades include:
• New kitchens - quartz counters, new cabinets/sinks/fixtures, stainless steel appliances
• New baths - new cabinets/sinks/fixtures, refinished bath/shower stalls
• New windows, new LVP flooring, wall-unit ACs
• Automatic garage doors, roof upgrades, new paint, fenced-in patios, and washer/dryers in select units
• New kitchens - quartz counters, new cabinets/sinks/fixtures, stainless steel appliances
• New baths - new cabinets/sinks/fixtures, refinished bath/shower stalls
• New windows, new LVP flooring, wall-unit ACs
• Automatic garage doors, roof upgrades, new paint, fenced-in patios, and washer/dryers in select units
Property Facts
| Price | $11,407,200 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $518,509 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.43 AC |
| Cap Rate | 5.40% | Building Size | 18,195 SF |
| Gross Rent Multiplier | 11.98 | Average Occupancy | 100% |
| No. Units | 22 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1980/2024 |
| Property Subtype | Apartment | Parking Ratio | 3.24/1,000 SF |
| Zoning | RM15 | ||
| Price | $11,407,200 CAD |
| Price Per Unit | $518,509 CAD |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| Gross Rent Multiplier | 11.98 |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.43 AC |
| Building Size | 18,195 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2024 |
| Parking Ratio | 3.24/1,000 SF |
| Zoning | RM15 |
Amenities
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Range
- Vinyl Flooring
- Quartz Countertops
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 700 |
| 2+1 | 7 | - | 905 |
| 2+2 | 6 | - | 960 |
| Studios | 1 | - | 500 |
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Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 163-420-01 | Improvements Assessment | $5,479,083 CAD |
| Land Assessment | $4,238,590 CAD | Total Assessment | $9,717,673 CAD |
Property Taxes
Parcel Number
163-420-01
Land Assessment
$4,238,590 CAD
Improvements Assessment
$5,479,083 CAD
Total Assessment
$9,717,673 CAD
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BIG PRICE DROP | Fully Renovated | 26 Garages | 628 W California Ave
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