706 Vista Way

Oceanside, CA 92054

$1,900,000
Last Sold Price
8
Beds
4,227 Sq. Ft.
$449 / Sq. Ft.
4,227
Sq. Ft.
$449
per Sq. Ft.

Description

Introducing an exceptional opportunity for investors or large families seeking a unique property that combines spacious living with versatile options with one large main home and 3 additional one bedroom units. Great income potential with 5.5 Cap Rate, west of the 5 freeway, just a few blocks to the beach and walking distance to all restaurants and shops in this up and coming south oceanside "South O" neighborhood. Step inside the main residence and be greeted by an expansive living space that seamlessly...Introducing an exceptional opportunity for investors or large families seeking a unique property that combines spacious living with versatile options with one large main home and 3 additional one bedroom units. Great income potential with 5.5 Cap Rate, west of the 5 freeway, just a few blocks to the beach and walking distance to all restaurants and shops in this up and coming south oceanside "South O" neighborhood. Step inside the main residence and be greeted by an expansive living space that seamlessly blends the living, dining, and kitchen areas in an open floorplan.  The tastefully designed kitchen features modern appliances, ample storage, and a large center island, making it a true centerpiece for culinary enthusiasts. Roof top deck provides 360 degrees views to the ocean. The main home is approx 2500 sq ft with projected rents of $5500/mo. This incredible property also features three additional self-contained units, each boasting a comfortable 1 bedroom and 1 bathroom layout each with its own kitchen.  Projected rents for these 3 units are: $2200/mo, $2000/mo, and $1500/mo. Whether you're looking to invest, accommodate a growing family, or explore rental opportunities, this is an unmissable chance to secure a remarkable property that caters to your unique needs. Don't let this opportunity slip away – schedule a viewing today and experience the possibilities for yourself!
  1. Listed by Jesse Zagorsky • DRE #01437116 • Brokerage DRE #01878277 • eXp Realty of California, Inc

Property Details for 706 Vista Way

Parking Spaces Total
8
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4227
Assessor Parcel Number
153-352-11-00
Property Attached YN
true

Location

Listing Courtesy of eXp Realty of California, Inc, Jesse Zagorsky, DRE #01437116

Sold By The Oppenheim Group, Anthony Guerrieri, DRE #01927450

Add your commute
LISTING UPDATED: 09/18/2023 08:10 AM

Property Details for 706 Vista Way

StatusClosed
MLS #NDP2305336
Days on Market3
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1991
Lot Size0.13 AC / 5,663 SF
CountySan Diego County

Location

Listing Courtesy of eXp Realty of California, Inc, Jesse Zagorsky, DRE #01437116

Sold By The Oppenheim Group, Anthony Guerrieri, DRE #01927450

Add your commute

Building Information for 706 Vista Way

Stories2Residences-Year Built1991Building Size-Lot Size0.13 AC / 5,663 SF

Payment Calculator

$10,988 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,369

Property Taxes

$619

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 706 Vista Way

Income / Expense / Tax Details
Income Details
  • Gross Income: $22,000
  • Gross Scheduled Income: $134,400
  • Net Operating Income: $111,400
  • Cap Rate: 5.58
  • Financing: Cash
Expense Details
  • Operating Expense: $23,000
  • New Taxes Expense: $23,000
  • Fuel Expense: $0
  • Insurance Expense: $3,000
  • Trash Expense: $100
  • Water Sewer Expense: $100
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 000622
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 36/U,V
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks, Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: main house front
  • Fence: No
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Landscaped
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: No
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 4
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 5500
  • Unit Type Type: 1
Unit 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,850
  • Unit Type Total Rent: $1,850
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 2
Unit 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 3
Unit 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 1
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Number With Disposal: 4

Property History for 706 Vista Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 706 Vista Way

Taxable ValueLand$151,832Additions$520,801Total$672,633
Tax Record2023$7,424 ($619 / month)
Home Facts
Total Finished SqFt4,227 SqFtAbove Grade Finished SqFt4,227 SqFtLot Size5,633 SqFtStyleDuplexYear Built1991ZoningR-1:SINGLE FACountySAN DIEGOAPN153-352-11-00

Schools near 706 Vista Way

This home is within Oceanside Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
South Oceanside Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Oceanside High School
Public9 to 12

Surfside Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty of California, Inc, Jesse Zagorsky, DRE #01437116

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 SDMLS®. 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 SDMLS®, Inc.