76-Unit Studio Apartment
For Sale
Contact for pricing
360 Mar Vista Drive, Vista, CA 92083
Renovated apartment community with a pool, tennis court, and abundant parking.
Property Size31,890 SF
Lot Size4.03 Acres
Price / SF$505.64
Days on Market73
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Property Features for 360 Mar Vista Drive
General Information
Standard status
Active
Size
31,890 SF
Class
C
Total Parking Spaces
129
Lot size
4.03 Acres
Property subtype
Multifamily
Zoning
R-1
Units
Unit Mix
76 x studio
Multifamily Units
76
Additional Details
Highway Access
Yes
Amenities
pool
tennis court
Building Details
Year Built
1990
Year Renovated
2023
Buildings
2
Units
76
Listing Agency:
Colliers - San Diego - Carlsbad, California
Listed By:
Peter Scepanovic · License #02159175
(760) 930-7940
Source:
Crexi
Added: Aug 4
Changed: Oct 9
Last Checked: Oct 14 at 11:20PM
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 Colliers - San Diego - Carlsbad, California
Investment Insights
Based on property information with market context.
This 76-unit apartment community offers an all-studio configuration across a 4.03-acre property in Vista, California. Built in 1990, the asset has undergone extensive interior and exterior capital renovations. The grounds include a swimming pool, tennis court, and abundant parking, adding recreational and convenience features for occupants.
The property is positioned just off Interstate 78, with access to Carlsbad, Oceanside, San Marcos, and Escondido. California State University San Marcos is also nearby. The offering combines a defined studio-apartment layout with renovated improvements, outdoor amenities, and a 6%+ current Cap Rate.
The property is positioned just off Interstate 78, with access to Carlsbad, Oceanside, San Marcos, and Escondido. California State University San Marcos is also nearby. The offering combines a defined studio-apartment layout with renovated improvements, outdoor amenities, and a 6%+ current Cap Rate.
Key Highlights
- 76‑unit all‑studio apartment community
- Situated on a 4.03‑acre property in Vista, California
- Built in 1990 with extensive interior and exterior capital renovations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$529,868
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,597,360
$10.6M
Cap Rate 7%
$7,569,543
$7.6M
Cap Rate 9%
$5,887,422
$5.9M
Market Conditions
NOI Build-Up for 31,890 SF
Gross rent
$1.01M $31.80/SF
− Vacancy
−$50.7K −$1.59/SF
EGI
$963.4K $30.21/SF
− OpEx
−$433.5K −$13.59/SF
NOI
$529.9K $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%
$10,597,360
Cap Rate 7%
$7,569,543
Cap Rate 9%
$5,887,422
Alternative Uses
Best Use
Apartment 5plus
$7.57M
$6.62M – $8.83M
NOI $529,868 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.61M
$12.78M – $17.05M
NOI $1,022,766 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
76
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
306
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated apartment community with a pool, tennis court, and abundant parking.
Where is this apartment building located?
The property is located at 360 Mar Vista Drive Vista, CA.
What is the asking price?
The asking price for this property is $16,125,000.
What are key features of this property?
This property features: 76‑unit all‑studio apartment community; Situated on a 4.03‑acre property in Vista, California; Built in 1990 with extensive interior and exterior capital renovations
