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840 Sinkler Way 8 Unit Apartment Building $3,240,485 CAD ($405,061 CAD/Unit) 4.62% Cap Rate Vista, CA 92083
INVESTMENT HIGHLIGHTS
- Private Balconies
- Large, 23,958 sqft lot
- 8 Garages (Has ADU Potential)
- Rents are Significantly Under Market
EXECUTIVE SUMMARY
Located just one mile from Downtown Vista, 840 Sinkler Way offers strong rental demand in a rapidly growing market.
This well-maintained property features eight spacious 2-bed, 1-bath units, each approximately 900 sq ft with private balconies, dedicated garages, and additional onsite parking.
With market rents exceeding $2,500, there's a potential 54% rental upside through interior renovations. Plus, the eight existing garages offer added value with the potential to convert into multiple ADUs
Recent improvements include fresh exterior paint and reinforced balconies, making this a rare, value-add opportunity in one of North County’s most desirable submarkets.
Shown only with accepted offer. Information herein has been obtained from sources believed reliable. South Coast Commercial INC does not doubt the accuracy, but we have not verified it and make no guarantee, warranty or representations. Reach out to Ellis Jolly for all questions and info (619) 415-5736
This well-maintained property features eight spacious 2-bed, 1-bath units, each approximately 900 sq ft with private balconies, dedicated garages, and additional onsite parking.
With market rents exceeding $2,500, there's a potential 54% rental upside through interior renovations. Plus, the eight existing garages offer added value with the potential to convert into multiple ADUs
Recent improvements include fresh exterior paint and reinforced balconies, making this a rare, value-add opportunity in one of North County’s most desirable submarkets.
Shown only with accepted offer. Information herein has been obtained from sources believed reliable. South Coast Commercial INC does not doubt the accuracy, but we have not verified it and make no guarantee, warranty or representations. Reach out to Ellis Jolly for all questions and info (619) 415-5736
PROPERTY FACTS In Escrow
| Price | $3,240,485 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $405,061 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.56 AC |
| Cap Rate | 4.62% | Building Size | 9,568 SF |
| Gross Rent Multiplier | 13.9 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1986 |
| Property Type | Multifamily | Parking Ratio | 1/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | SP-DV - Multi-Family Residential | ||
| Price | $3,240,485 CAD |
| Price Per Unit | $405,061 CAD |
| Sale Type | Investment |
| Cap Rate | 4.62% |
| Gross Rent Multiplier | 13.9 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 9,568 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 1/1,000 SF |
| Zoning | SP-DV - Multi-Family Residential |
AMENITIES
UNIT AMENITIES
- Balcony
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Playground
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 179-124-33 | Improvements Assessment | $1,348,847 CAD |
| Land Assessment | $770,765 CAD | Total Assessment | $2,119,612 CAD |
PROPERTY TAXES
Parcel Number
179-124-33
Land Assessment
$770,765 CAD
Improvements Assessment
$1,348,847 CAD
Total Assessment
$2,119,612 CAD
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840 Sinkler Way
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