SOLD
$1,925,000
Date 07/14/2023

226 E California Avenue
Vista, CA 92084

Mixed Use
Residence
Listing Agent: Josh Browar CalDRE: 01824454 - The Browar Group

Description for 226 E California Avenue Vista, CA 92084

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.

Property Details

230005604SD
Mixed Use, Other
San Diego
Stucco
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Listing Agent: Josh Browar CalDRE: 01824454 - The Browar Group
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