Extensively Renovated Multifamily
For Sale
$8,300,000
628 W California Ave, Vista, CA 92083
Renovated Vista multifamily with large units, patios, balconies, and opportunity to add ADUs.
Property Size18,195 SF
Price / SF$456.17
Days on Market543
Property Features for 628 W California Ave
General Information
Standard status
Active
Size
18,195 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
22
Building Details
Tenancy
Multi
Listing Agency:
David Santistevan
Listed By:
Corey McHenry corey.mchenry@colliers.com · License #01800485
(760) 930-7939
Source:
Viewsandiegorealestate
Added: May 7, 2025
Changed: Oct 31
Last Checked: Oct 30 at 2:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of David Santistevan
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This extensively renovated multifamily property features extra-large units arranged with downstairs enclosed patios and upstairs balconies. The improvements cited include new kitchens with quartz counters, new cabinets, sinks, fixtures, and stainless steel appliances, along with updated bathrooms featuring new cabinets, sinks, fixtures and refinished bath/shower stalls. Additional upgrades include new windows, new LVP flooring, wall-unit ACs, automatic garage doors, roof upgrades, new interior paint, fenced-in patios, and washer/dryers in select units.
The property sits on a large lot and is described as being within walking distance to Downtown Vista. With the existing building and grounds, the listing notes the potential to add 13 ADUs.
For buyers or operators seeking a renovated residential income asset, the combination of in-unit upgrades, outdoor patio/balcony space, and the stated opportunity to expand the number of units through additional ADUs may help support a more flexible operating plan. Renovations include both interior finishes and building-level items such as windows, roofing, and garage door upgrades, aligning with a property that is presented as having already undergone substantial modernization.
The property sits on a large lot and is described as being within walking distance to Downtown Vista. With the existing building and grounds, the listing notes the potential to add 13 ADUs.
For buyers or operators seeking a renovated residential income asset, the combination of in-unit upgrades, outdoor patio/balcony space, and the stated opportunity to expand the number of units through additional ADUs may help support a more flexible operating plan. Renovations include both interior finishes and building-level items such as windows, roofing, and garage door upgrades, aligning with a property that is presented as having already undergone substantial modernization.
Key Highlights
- Extensively renovated Vista multifamily with approx. $1M in CapEx upgrades
- Large lot with extra‑large units featuring downstairs enclosed patios and upstairs balconies
- Renovation includes new kitchens with quartz counters, new cabinets/sinks/fixtures, and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$302,319
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,046,380
$6.0M
Cap Rate 7%
$4,318,843
$4.3M
Cap Rate 9%
$3,359,100
$3.4M
Market Conditions
NOI Build-Up for 18,195 SF
Gross rent
$578.6K $31.80/SF
− Vacancy
−$28.9K −$1.59/SF
EGI
$549.7K $30.21/SF
− OpEx
−$247.4K −$13.59/SF
NOI
$302.3K $16.62/SF
Area
San Diego County, CA
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,046,380
Cap Rate 7%
$4,318,843
Cap Rate 9%
$3,359,100
Alternative Uses
Best Use
Apartment 5plus
$4.32M
$3.78M – $5.04M
NOI $302,319 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.34M
$7.29M – $9.73M
NOI $583,544 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
22
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
895
Businesses Nearby
Explore this area
Business Placement
Demographics for 92083, CA
39,219
Population
11,901
Households
3.3
Avg Household Size
33
Median Age
20%
College-Educated
75%
High-School Grad
5.5 sq mi
ZIP Area
7,131
Density / Sq Mi
$82,614
Median Household Income
$40,145
Median Earnings
$2,104
Median Rent
$607,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated Vista multifamily with large units, patios, balconies, and opportunity to add ADUs.
Where is this apartment building located?
The property is located at 628 W California Ave Vista, CA.
What is the asking price?
The asking price for this property is $8,300,000.
What are key features of this property?
This property features: Extensively renovated Vista multifamily with approx. $1M in CapEx upgrades; Large lot with extra‑large units featuring downstairs enclosed patios and upstairs balconies; Renovation includes new kitchens with quartz counters, new cabinets/sinks/fixtures, and stainless steel appliances
