840 Sinkler Way - Apartments FOR SALE


Vista, CA 92083
$2,695,000 USD
858-336-9688
840 Sinkler Way, Vista, CA for Sale
$2,695,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

840 Sinkler Way
Vista, CA 92083


HIGHLIGHTS

  • Private Balconies
  • 8 Garages for Additional Income or ADU Potential
  • Large 900 SF Units (All 2bed/1bath)
  • 54% Upside in Rental Income

OVERVIEW

840 Sinkler Way is an 8 unit apartment complex located in the flourishing market of Vista, CA. The property is situated in the heart of Vista, just 1 mile from downtown, ensuring high demand and low vacancy. The property consists of 8 expansive 2-bedroom, 1-bathroom units averaging 900 square feet each. Each unit features a private balcony, one-car garage along with additional onsite parking, providing tenants with ample space and privacy. There is significant rental upside through renovation. With market rents at $2,500+, investors can capitalize on a remarkable 54% +/- upside potential. In addition, the 8 garages present an opportunity for more appreciation through the development of multiple ADUs. Recent upgrades include new exterior paint and reinforced balconies, enhancing the property's appeal and durability.

FOR SALE DETAILS

PRICE

$2,695,000 USD

PRICE/SF

$374 USD /SF

# OF UNITS

8

PRICE/UNIT

$336,875

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

SP-DV

APN/PARCEL ID

179-124-33

ASK ABOUT THIS PROPERTY

Jason LeeJLM Real Estate Inc.More Info
858-336-9688

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Jason LeeJLM Real Estate Inc.More Info
858-336-9688

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