Santa Fe Townhomes

45 Unit Apartment Building | $32,000,000 ($711,111/Unit) | 4.03% Cap Rate | Vista, CA 92084

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $32,000,000

Property Type
Multifamily
Square Feet
74,469 SF

Listing Contacts

Nick Kane
Nick Kane
Verified Profile
Jeff Kane
Jeff Kane
Verified Profile
  • Property Info

Property Overview

Welcome to our premier commercial residential income property, featuring 45 newly built units completed in 2022. These spacious townhomes
offer contemporary living with a bright and airy great room style on the first floor, showcasing modern kitchens, luxurious hard surface
flooring, and expansive living areas. Upstairs, residents will find two bedrooms, including a primary suite boasting a large dual walk-in closet
and private bathroom. Each townhome comes equipped with a two-car garage and essential appliances such as a refrigerator, stove,
dishwasher, microwave, washer/dryer, and central air conditioning. ****Additionally, this property presents a unique opportunity with an
adjacent lot (.7 Acre) included in the transaction, offering potential for expansion with up to 8 additional units and/or parking availability
necessary to convert existing 2 bedroom units into 3 bedroom units.

Property Details

Class
B
Year Built
2022
Stories
2
Lot Size (sq. ft)
170,320 SF
Units
45

Highlights

  • Ideal Unit Mix of 45 2bed/2.5 bath Townhome style Units
  • Each Unit has attached 2 car garage
  • 0.70 acre adjacent parcel of land included with sale (potential for 8 additional units)
  • Potential conversion of existing 2 bedroom units to 3 bedrooms (ask agent for details)
  • Washer/Dryer in each Unit

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