Property profile

1470 Santa Fe Ave Vista, CA 92083

OFF-MARKET
Turn key restaurants
Property ID
US09-9703077
3,140 SF 0.64 ac lot Built 1994
Entity Owned 8-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use investment opportunity in Vista, CA, presents a portfolio of 45 newly constructed (2022) townhomes situated on a generous 3.51-acre lot. Each unit boasts a contemporary design, featuring spacious, bright great rooms on the first floor. Modern kitchens, luxurious hard surface flooring, and expansive living areas create comfortable and stylish living spaces. Upstairs, residents enjoy two bedrooms, including a primary suite complete with a large dual walk-in closet and a private bathroom. Every townhome includes a two-car garage and a full suite of appliances: refrigerator, stove, dishwasher, microwave, washer, and dryer, along with central air conditioning. This property's strong rental income potential is further enhanced by the inclusion of an adjacent 0.7-acre lot. This additional land presents a significant upside, allowing for potential expansion with up to eight additional units or the creation of additional parking to facilitate the conversion of existing two-bedroom units into three-bedroom units. The property is priced at $32,000,000 and offers a compelling return on investment. This is a rare opportunity to acquire a high-quality, income-producing asset with significant future development potential in a desirable California location.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1994
Total area 3,140 SF
Lot 0.64 ac (27,878 SF)
Zoning code COMMERCIAL
APN 161-053-16-00
UPID US09-9703077

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering

Location

1470 Santa Fe Ave Vista, CA 92083-3249
Vista metro Census 19404 SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2017
4 recorded transactions
2020
Price N/A
2017
$1.4M
2017
Price N/A
1994
$325,000

Zoning & alternative use

COMMERCIAL · Vista, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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