711 Franklin Ln Vista, CA 92084-5150

This 10-unit apartment building, located at 711 Franklin Ln, Vista, CA 92084, presents a compelling investment opportunity. Built in 1986, the property boasts 10,915 square feet on a 5,469 square foot lot and features ten spacious two-bedroom, two-bathroom units, each approximately 1090 square feet, complete with patios/balconies, a garage, and dedicated storage and parking spaces. The property currently generates a Net Operating Income (NOI) of $145,186, representing a 4.28% cap rate. A pro-forma NOI of $200,127 projects a 5.89% cap rate, indicating significant upside potential. Each unit is priced at $339,500, and the asking price for the entire complex is $3,395,000. The property includes an on-site, coin-operated laundry facility, providing additional revenue. Recent capital improvements include new electrical sub-panels in every unit. The property is zoned SPI and currently has an existing loan with Chase Bank at 3.52% interest, with a balance of approximately $1,450,000, set to adjust in late 2026. The complex is primarily occupied by long-term tenants, suggesting further rental growth opportunities. This property offers a strong value-add proposition for investors seeking a stable income stream with significant upside potential in the desirable Vista, California market.