227 Hillside Ter Vista, CA 92084
- Residential income homes
- 956 SF
- 0.26 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 227 Hillside Ter
- Lot size
- 0.26 lot acres
- Property size
- 956 SF
- Property type
- Residential income homes
- APN
- 175-191-09-00
Description
This exceptional investment opportunity presents a 0.26-acre fee-simple property in Vista, California (APN 175-191-09-00), currently featuring a fully occupied 956 sq ft single-family home generating a net operating income (NOI) of $27,600. The property boasts R3 zoning and has received by-right approval from the City of Vista for the construction of two additional single-family homes. Plans call for a 1200 sq ft home (projected rent: $3,864/month) and a 1000 sq ft home (projected rent: $3,584/month), significantly increasing the property's potential NOI to $100,042. This presents a unique chance to develop a three-unit single-family compound or expand an existing residential portfolio. The property's convenient location offers proximity to elementary, middle, and high schools, enhancing its appeal to renters. The flexible design allows for customization based on desired finishes, construction type, amenities, and the final design. Note that all zoning and permitting requirements should be independently verified. The asking price for this value-add, build-to-suit multifamily investment is $700,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Vista
- County
- San Diego
- State
- California
- Longitude
- -117.2385149
- Latitude
- 33.2063346
