Sold

900 Phillips Street

Vista CA, 92083

$14,100,000


Sold

Multi-family

The Pine View Apartments, a 59-unit multifamily investment opportunity located in Vista, CA. Built in multiple phases between 1964 and 1973, The Pine View Apartments has been held by the same family for multiple decades and is ready for fresh capital and new management to complete full interior and exterior renovations with significant value add opportunities in management, landscaping, amenities, operations, expenses, and income. Situated on over 3.5 acres and across four contiguous parcels, The Pine View Apartments is located just off the Civic Center exit of the 78 Freeway. Centrally located between the 5 and 15 Freeways, tenants can conveniently drive to the 15 Freeway (11.8 miles) and the 5 Freeway (8.1 miles), allowing access to two major San Diego County arteries for both north and south bound travel. Directly next door to The Pine View Apartments is the Sprinter light rail station, with convenient access to downtown Escondido to the east and Oceanside Transit Center to the west. The investment opportunity comprises of a unit mix of (1) studio, (30) one bedroom, one bath units and (25) two-bedroom one bath units, and (3) two-bedroom two bath units. The units at the Pine View Apartments are mostly classic style units, maintained and repaired as necessary on each turnover. However, over the past twenty-four months, ownership has upgraded a total of thirteen units: (9) one bedroom one bath units, (3) two bedroom, one bath units, and (1) two bedroom, two bath unit. All units include very modest upgrades of vinyl plank flooring in the kitchen and baths, along with new cab

NDP2401713

MLS ID

March 1, 2024

Listed

October 2, 2024

Updated

Map

900 Phillips Street
Vista CA, 92083

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

3.58 Acres


Lot Features

Sidewalks

Other Property Details

Days on Market

62


Garage

No


View

No


County

San Diego


Pool

No


Pool Features

Community

Listing History

Date

Event

Price

8/4/2024

Sold

$14,100,000

Listed by Lee & Associates, Eric von Bluecher,
Listing Contact: 760-929-9700 

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Data last updated 4:54 AM UTC, 10/2/2024

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