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 

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