Sold
226-240 E California Avenue
Vista CA, 92084
$1,925,000
$439.70 per sqft
Sold
3 Beds
4,378 sqft
Commercial
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.
230005604
MLSⓇ ID
March 27, 2023
Listed
February 15, 2024
Updated
Map
226-240 E California Avenue
Vista CA, 92084
Interior Features
Total Stories
2
Bedrooms
3 Beds
Laundry Description
Owned
Floor Description
See Remarks, Other
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Exterior Features
None, Remarks
Roof
Composition
Other Property Details
Area Name
North County
Days on Market
27
Garage
Yes
Parking
Garage, Spaces, Other/Remarks
View
No
County
San Diego
Pool
No
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
---|---|---|
7/25/2023 | Price Change | $1,925,000 -4% |
7/25/2023 | Sold | $1,925,000 |
5/17/2023 | Pending | — |
4/25/2023 | Active | — |
Listed by The Browar Group, Josh Browar,
Listing Contact: 858-414-4398
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.
© 2024 San Diego Multiple Listing Service. All rights reserved.
Data last updated 9:13 PM UTC, 2/15/2024