Active
1135 S Santa Fe Ave
Vista CA, 92083
$1,599,000
$535.14 per sqft
Active
3 Beds
2,988 sqft
Commercial
Please to present 1135 S Santa Fe Avenue, an underdeveloped 8-unit multifamily property with very strong rent upside located less than a half mile from a very active Opportunity Zone in Vista, CA. The property consists of seven (7) cozy cottage-style 1bd/1ba units and one (1) detached 2bd/1ba unit, with most of them having private fenced-in yards. There is ample onsite parking with fourteen (14) open spaces and two (2) covered stalls. The units are located on a 26,136 SF parcel with zoning that allows for an additional five (5) units onsite "by-right", and includes a massive central courtyard providing ample space for accommodating the additional units. Due to prior and upcoming General Plan updates, the area surrounding the property (i.e. within 1 mile of the Opportunity Zone) has become a hotbed for redevelopment - with four projects averaging more than 70-units/acre recently being delivered and more than two-dozen other projects currently in the pipeline. The property's location also places it within a 15-minute drive to the beach as well as major employment and education centers such as Camp Pendleton to the west, California State University San Marcos to the east and the regionally significant Palomar Airport Road employment corridor to the south. 1135 S Santa Fe Avenue is an ideal investment for a seasoned operator seeking an asset with immediate rent upside and long-term redevelopment potential, and/or a first-time multifamily investor looking for a project with strong cashflows at an entry-level price point.
240024807
MLSⓇ ID
October 18, 2024
Listed
October 21, 2024
Updated
Map
1135 S Santa Fe Ave
Vista CA, 92083
Interior Features
Total Stories
1
Bedrooms
3
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.6 Acres
Other Property Details
Area Name
North County
Days on Market
47
Garage
No
Parking Total
16
View
No
County
San Diego
Pool
No
Zoning
M-U (21)
Listed by CBRE, Michael Robert Greiner,
Listing Contact: 808-271-5252
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Data last updated 3:48 PM UTC, 10/21/2024