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