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$2,695,000
Est. payment /mo
0.55 Acres Lot
UPDATED:
09/23/2024 11:11 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 240015126
Lot Size 0.550 Acres
Property Description
840 Sinkler Way is an 8 unit apartment complex located in the flourishing market of Vista, CA. The property is situated in the heart of Vista, just 1 mile from downtown, ensuring high demand and low vacancy. The property consists of 8 expansive 2-bedroom, 1-bathroom units averaging 900 square feet each. Each unit features a private balcony, one-car garage along with additional onsite parking, providing tenants with ample space and privacy. There is significant rental upside through renovation. With market rents at $2,500+, investors can capitalize on a remarkable 54% +/- upside potential. In addition, the 8 garages present an opportunity for more appreciation through the development of multiple ADUs. Recent upgrades include new exterior paint and reinforced balconies, enhancing the property's appeal and durability.
Location
State CA
County San Diego
Area Vista (92083)
Interior
Heating Other/Remarks
Cooling Other, Wall/Window
Flooring Other/Remarks
Exterior
Exterior Feature Remarks
Parking Features Garages
Roof Type Other/Remarks
Building
Story 3
Others
Space Rent $155,520
Special Listing Condition Call Agent
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Listed by Dylan C. Ackley • JLM Real Estate Inc
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