714 Franklin Ln - Apartments FOR SALE


Vista, CA 92084
$5,500,000 USD
909-579-1384
714 Franklin Ln, Vista, CA for Sale
$5,500,000 USD
Apartments - FOR SALE
1/2
null | 4.92% Cap Rate

714 Franklin Ln
Vista, CA 92084


HIGHLIGHTS

  • Assumable Financing
  • Extra Land/ADU Possible
  • Below Market Rents

OVERVIEW

The Vista Glen Apartments offers a great unit mix with 16 Two-Bedrooms, 1 Three-Bedroom, and 1 One Bedroom unit for a total of 17 units plus 1 non-conforming. Approximately 5,756 square feet of additional land provides ADU possibilities. The roof was replaced 3 years ago, and garages have been refurbished. Ownership has taken pride in maintaining the property. Long-term tenants have provided stability and rental upside. The City of Vista is known for its pleasant climate and proximity to the Pacific Ocean.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$272 USD /SF

# OF UNITS

18

PRICE/UNIT

$305,556

CAP RATE

4.92%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vista Glen Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1984

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

C-6

APN/PARCEL ID

175-370-71

ASK ABOUT THIS PROPERTY

Dan DicksonMGR Real EstateMore Info
909-579-1384

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Dan DicksonMGR Real EstateMore Info
909-579-1384

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.