380 Plymouth Dr, Vista, CA 92083
- Apartment buildings
- 27,168 SF
- 1.45 lot acres
Current Use by Public Records
- Plymouth Drive Apartments / Apartment Building
Property Details for 380 Plymouth Dr
- Year built
- 1986
- Lot size
- 1.45 lot acres
- Zone code
- R-3:RESTRICTED MULTIPLE
- Property type
- Apartment buildings
- APN
- 163-280-28-00
- APU
- 1632802800
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 27, 2023 | $10,300,000 | Chula Vista Hospitality Investment | Rosina Gabriele | Grant Deed | $7.3M · Gabriele Trust |
| Jul 26, 2016 | — | Renato D Gabriele | — | Deed · related | $1.5M · Jpmorgan Chase Bank NA |
| May 27, 1999 | — | Renato D Etal Gabriele | Gabriele,renato Dario Etal | Quit Claim Deed · related | — |
| Jan 15, 1992 | $189,000 | Renato Gabriele | Sabatini,guerino | Grant Deed · related | — |
| Sep 5, 1991 | $205,500 | Guerino Sabatini | Monticelli 1031 | Grant Deed | — |
| — | — | Gabriele,tr | — | Deed Of Trust · related | $1M · Washington Mutual Fsb |
| — | — | Gabriele Trust | — | Deed Of Trust · related | $450k · Michael & Marie Hormik |
Description
This exceptional 32-unit apartment building in Vista, California, presents a compelling investment opportunity. Boasting 27,168 square feet on a 63,162 square foot lot, the property features a mix of 19 two-bedroom, two-bathroom units (950 sq ft each) and 13 one-bedroom, one-bathroom units (750 sq ft each). Built in 1986, the complex includes 32 covered carports and 19 open parking spaces. Recent upgrades include balcony maintenance and resealing, and new roof underlayment. The property currently benefits from a significant value-add potential due to below-market rents on mostly month-to-month leases. The asking price is $12,500,000, representing $390,625 per unit and $460.10 per square foot. The current Net Operating Income (NOI) is $421,834, yielding a 3.37% cap rate, while the pro-forma NOI is projected at $695,019, resulting in a 5.56% pro-forma cap rate. Conveniently located a short walk from Vista's restaurants and shops, and a 15-minute drive to local beaches via I-78, this property offers strong potential for immediate and long-term returns. The property's excellent condition and prime location make it an attractive investment for discerning buyers.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $9,225,000
- ML approach
- $9,350,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $7,525,000
- 6.5%
- $6,945,000
- 7%
- $6,450,000
-
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $8,940,000 Current use
- MEDICAL BUILDING
- $12,895,000 Change: +44% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $10,370,000 Change: +16% Conversion: Difficult
- WAREHOUSE, STORAGE
- $7,700,000 Change: -14% Conversion: Difficult
- RETAIL STORES
- $7,630,000 Change: -15% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Vista
- County
- San Diego
- State
- California
- Longitude
- -117.252
- Latitude
- 33.2033
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
