850 Eucalyptus Ave - 850 Eucalyptus Ave.
4 Unit Apartment Building Offered at $2,018,800 CAD at a 4.02% Cap Rate in Vista, CA 92084
INVESTMENT HIGHLIGHTS
- Laundry On-Site
- Great Value-Add Upside
- Close to Downtown Vista Attractions
- 4 Covered Parking Spaces
- Potential for ADUs
EXECUTIVE SUMMARY
DO NOTWALK ON THE PROPERTY OR DISTURB TENANTS.
We are pleased to present this four-unit property at 850 Eucalyptus Ave. in Vista. This corner lot property features a strong unit mix and updated roofing. (1) 3 bedroom 2 bath, (2) 2 bedroom 2 baths, (1) 1 bedroom 1 bath. At 4,200 square feet, these units are incredibly spacious. Separate gas and electric meters for each unit. Laundry is on-site. Property Includes 4 covered parking spaces as well as street parking in addition to the bus stop just steps away. Close to downtown Vista restaurants, breweries, Vista Magnet Middle School, and the library. Great value-add upside by renovating units and exploring ADUs.
Virtual Tour: https://my.matterport.com/show/?m=JrxCfD6dwwr
DO NOTWALK ON THE PROPERTY OR DISTURB TENANTS.
South Coast Commercial has obtained the information herein from sources believed to be reliable but cannot confirm its accuracy. Buyer and buyer's agent to verify all information is correct and satisfactory prior to closing.
We are pleased to present this four-unit property at 850 Eucalyptus Ave. in Vista. This corner lot property features a strong unit mix and updated roofing. (1) 3 bedroom 2 bath, (2) 2 bedroom 2 baths, (1) 1 bedroom 1 bath. At 4,200 square feet, these units are incredibly spacious. Separate gas and electric meters for each unit. Laundry is on-site. Property Includes 4 covered parking spaces as well as street parking in addition to the bus stop just steps away. Close to downtown Vista restaurants, breweries, Vista Magnet Middle School, and the library. Great value-add upside by renovating units and exploring ADUs.
Virtual Tour: https://my.matterport.com/show/?m=JrxCfD6dwwr
DO NOTWALK ON THE PROPERTY OR DISTURB TENANTS.
South Coast Commercial has obtained the information herein from sources believed to be reliable but cannot confirm its accuracy. Buyer and buyer's agent to verify all information is correct and satisfactory prior to closing.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $2,018,800 CAD |
| Price Per Unit | $504,700 CAD |
| Sale Type | Investment |
| Cap Rate | 4.02% |
| Gross Rent Multiplier | 15.6 |
| No. Units | 4 |
| Property Type | Multifamily |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 4,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 0.95/1,000 SF |
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $3,461 CAD | - |
| 2+2 | 2 | $2,506 CAD | - |
| 1+1 | 1 | $2,177 CAD | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 176-110-41 | Total Assessment | $1,217,733 CAD |
| Land Assessment | $505,600 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $712,134 CAD | Tax Year | 2024 |
ZONING
| Zoning Code | R-3:Restricted Multiple (Multi-Family 10 units or less) |
