$1,170,000
$1,150,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
0.32 Acres Lot
SOLD DATE : 08/24/2021
Key Details
Sold Price $1,170,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NDP2107591
Sold Date 08/24/21
HOA Y/N No
Year Built 1968
Lot Size 0.323 Acres
Property Description
This property offers investors excellent cash flow potential at market rental rates. Take advantage of this instantaneous value add and watch your return on investment grow. Meadow Lake Drive is a two-parcel, eight-apartment property conveniently situated in the heart of Vista. Tenants can enjoy many amenities under a mile away including Brengle Terrace Park, Alta Vista Botanical Gardens and The Moonlight Amphitheater. Additionally, the property is centrally located near many restaurants, shops, public transportation and schools. These desirable two-bedroom, two-bathroom units offer investors excellent cash flow potential at market rental rates. The booming town of Vista is on the rise for many investors looking to capitalize on the ever-growing real estate market in San Diego County. With rents currently under market value and renovation potential, this property is perfect for an investor looking to expand their portfolio. Property to be sold in conjunction with adjacent parcel for a total of $2.3M
Location
State CA
County San Diego
Area 92084 - Vista
Zoning Multi-Family
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs
Total Parking Spaces 4
Private Pool No
Building
Lot Description Sloped Down, Near Public Transit, Rolling Slope
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 1760303100
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
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Bought with Dave Plutner • DP Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "