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Property for sale: 162 Terracina Way in Vista

162 Terracina Way Vista

Main Photo: Property for sale: 162 Terracina Way in Vista
$1,995,000
Prop. Type:
2-4 Units
MLS® Num:
306173847
Status:
Active
This won't last long! Rare turn-key cash flow and development opportunity. This 4 unit property has been meticulously and thoughtfully renovated. 7% cap rate or more. Live in one and rent out the others! Close to high-end retail, transit, Paseo Santa Fe, and historic Downtown Vista. Every unit features brand new kitchens with new stainless steel appliances, stacked washer and dryer, luxury bathroom finishes, durable flooring, modern layouts, and more. Each unit has its own electric meter. Brand new HVAC, water heaters, windows, doors, roofs, landscaping, concrete, plumbing, wiring, and more. The 7-bay garage could be partitioned and doored for additional revenue. Downtown Zoning (Transit) overlay allows multiple uses and residential up to 10 units on this parcel (40 units per acre - see attached documents).
Total Floor Area:
Switch units of measure11,207 sq. ft.
Lot Size:
Switch units of measure11,207.99 sq. ft.
Number of Buildings:
2
Number of Units:
4
Stories:
2 Story
Total Stories:
2
Market Area:
OTHER
County:
San Diego
Neighborhood Code:
Vista Village
Home Owner Fees:
0.0
Mello Roos Fee:
1564.6
Monthly Total Fees:
130.0
Annual expense actual:
0
Cap Rate.:
7.0
Gross scheduled income:
127080
Unit Number for Unit 1:
1
Bedrooms for Unit 1:
2
Number of bathrooms for Unit 1:
2
Total Rent for Unit 1:
2795.0
Unit Number for Unit 2:
2
Bedrooms for Unit 2:
2
Number of bathrooms for Unit 2:
2
Total Rent for Unit 2:
2845.0
Unit Number for Unit 3:
3
Bedrooms for Unit 3:
2
Number of bathrooms for Unit 3:
1
Total Rent for Unit 3:
0.0
Unit Number for Unit 4:
4
Bedrooms for Unit 4:
2
Number of bathrooms for Unit 4:
1
Total Rent for Unit 4:
0.0
This won't last long! Rare turn-key cash flow and development opportunity. This 4 unit property has been meticulously and thoughtfully renovated. 7% cap rate or more. Live in one and rent out the others! Close to high-end retail, transit, Paseo Santa Fe, and historic Downtown Vista. Every unit features brand new kitchens with new stainless steel appliances, stacked washer and dryer, luxury bathroom finishes, durable flooring, modern layouts, and more. Each unit has its own electric meter. Brand new HVAC, water heaters, windows, doors, roofs, landscaping, concrete, plumbing, wiring, and more. The 7-bay garage could be partitioned and doored for additional revenue. Downtown Zoning (Transit) overlay allows multiple uses and residential up to 10 units on this parcel (40 units per acre - see attached documents).
Directions:
From 78: Vista Village to Olive Ave. Left on Goetting Way. Right on Terracina. From E Vista Way: Vista Village to Terracina Way
Cooling:
Central Forced Air
Number of Units with Patios:
4
Number of Units with Range/Oven:
4
Number of Units with Refrigerators:
4
Number of Units with Washers:
4
Pool:
N/K
Topography:
Level
Listing Type:
Exclusive Right (R)
Terms:
Cal Vet, Cash, Conventional, FHA, VA
Assessments:
Yes/Remarks
Parcel Number:
1633322200
Listed by Engel & Volkers Carlsbad
Data was last updated June 13, 2024 at 07:10 AM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty
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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego Multiple Listing Service, Inc.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego Multiple Listing Service, Inc.