Listing by: Steven Relth, Lee and Associates, 619-517-6429
0 Beds
n/a Full bath
n/a SqFt
Active
5 (almost) finished lots on Anza, all 1/2 acre or larger. Each lot can be sold separately for $950,000 The city has processed one of the 5 lots for the following development: (2) homes, 2,200 square feet each (2) ADU's (upstairs + downstairs) Total 10 home + 10 ADU's on these lots Each of the remaining 4 lots are approvable for the same exact development. Basis of value: House Rent = $5000 per month; ADU rent = $2000 per month Total rent for the (4) units on each lot = $14,000 per month X 5 lots = $70,000 per month X 12 months = $840,000x.75 = 630,000 Net Operating Income 5% cap rate = $12,600,000 value of 20 units total/4 on each lot
Property Details | ||
|---|---|---|
| Price | $3,900,000 | |
| Lot Size Area | 37026 | |
| Lot Size Area Units | Square Feet | |
| Acres | 0.85 | |
| Property Type | Land | |
| Features | Electricity Available | |
| Exterior Features | Suburban | |
| Subdivision | Vista | |
| View | City Lights | |
| Lot Description | 2-5 Units/Acre | |
Geographic Data | ||
| Directions | Bobier to Anza | |
| County | San Diego | |
| Latitude | 33.226135 | |
| Longitude | -117.233107 | |
| Market Area | 92084 - Vista | |
Address Information | ||
| Address | 1741 Ishihara, Vista, CA 92084 | |
| Postal Code | 92084 | |
| City | Vista | |
| State | CA | |
| Country | United States | |
Listing Information | ||
| Listing Office | Lee and Associates | |
| Listing Agent | Steven Relth | |
| Listing Agent Phone | 619-517-6429 | |
| Buyer Agency Compensation | 2.500 | |
| Attribution Contact | 619-517-6429 | |
| Buyer Agency Compensation Type | % | |
| Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
| Special listing conditions | Standard | |
MLS Information | ||
| Days on market | 12 | |
| MLS Status | Active | |
| Listing Date | Mar 20, 2024 | |
| Listing Last Modified | Apr 1, 2024 | |
| Tax ID | 1733502600 | |
| MLS Area | 92084 - Vista | |
| MLS # | PI24056462 | |
This information is believed to be accurate, but without any warranty.