900 Phillips St Vista Ca

900 Phillips St Vista Ca

Vista, CA 92083

$15,950,000
Price
—
Beds
51,686 Sq. Ft.
$309 / Sq. Ft.
51,686
Sq. Ft.
$309
per Sq. Ft.

Active Under Contract

Active Under Contract

front view of a house with a yard
an aerial view of a house with a garden
an aerial view of a house with a garden
front view of a house with a yard
a view of swimming pool with chairs
a kitchen with a dining table chairs and refrigerator
a kitchen with kitchen island a refrigerator a sink a stove a microwave and cabinets
a living room with furniture and a large window

Description

The Pine View Apartments, a 59-unit multifamily investment opportunity located in Vista, CA. Built in multiple phases between 1964 and 1973, The Pine View Apartments has been held by the same family for multiple decades and is ready for fresh capital and new management to complete full interior and exterior renovations with significant value add opportunities in management, landscaping, amenities, operations, expenses, and income. Situated on over 3.5 acres and across four contiguous parcels, The...The Pine View Apartments, a 59-unit multifamily investment opportunity located in Vista, CA. Built in multiple phases between 1964 and 1973, The Pine View Apartments has been held by the same family for multiple decades and is ready for fresh capital and new management to complete full interior and exterior renovations with significant value add opportunities in management, landscaping, amenities, operations, expenses, and income. Situated on over 3.5 acres and across four contiguous parcels, The Pine View Apartments is located just off the Civic Center exit of the 78 Freeway. Centrally located between the 5 and 15 Freeways, tenants can conveniently drive to the 15 Freeway (11.8 miles) and the 5 Freeway (8.1 miles), allowing access to two major San Diego County arteries for both north and south bound travel. Directly next door to The Pine View Apartments is the Sprinter light rail station, with convenient access to downtown Escondido to the east and Oceanside Transit Center to the west. The investment opportunity comprises of a unit mix of (1) studio, (30) one bedroom, one bath units and (25) two-bedroom one bath units, and (3) two-bedroom two bath units. The units at the Pine View Apartments are mostly classic style units, maintained and repaired as necessary on each turnover. However, over the past twenty-four months, ownership has upgraded a total of thirteen units: (9) one bedroom one bath units, (3) two bedroom, one bath units, and (1) two bedroom, two bath unit. All units include very modest upgrades of vinyl plank flooring in the kitchen and baths, along with new cabinets, and appliances. All the units are electric and offer larger than average floor plans with an estimated 695 square foot one-bedroom units, and the two-bedroom units ranging from 950, 1,000, 1,025 and 1,300 square feet. Most, if not all, units feature large balconies, patios or yards. The property features 46 garages, 63 surface and 15 car ports for the tenants, this building is fully parked along with multiple handicap parking spots recently installed. Other amenities include approximately three laundry rooms, a community pool, and lush landscaping. The new owner can maximize this exceptional opportunity with renovations of interior, exterior, landscaping, amenities, building a leasing office/gym/storage/ADUs, adding wash/dryer to units, bike storage, EV charging, along with adding additional income through pet rent, storage, RUBS and more. Please contact listing agents for more information.
  1. Listed by Eric von Bluecher • DRE #01926201 • Brokerage DRE #01096996 • Lee & Associates • evb@lee-associates.com

Property Details for 900 Phillips St Vista Ca

Parking Spaces Total
121
Private Pool
No
Total Units
59.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
51686
Assessor Parcel Number
179-310-03-00
Property Attached YN
true

Location

Listing Courtesy of Lee & Associates, Eric von Bluecher, DRE #01926201
Add your commute
LISTING UPDATED: 05/02/2024 03:59 AM

Property Details for 900 Phillips St Vista Ca

StatusActive Under Contract
MLS #NDP2401713
Days on Market62
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1969
Lot Size3.58 AC / 155,921 SF
CountySan Diego County

Location

Listing Courtesy of Lee & Associates, Eric von Bluecher, DRE #01926201
Add your commute

Building Information for 900 Phillips St Vista Ca

Stories2Residences-Year Built1969Building Size-Lot Size3.58 AC / 155,921 SF

Payment Calculator

$88,888 per month

30 year fixed, 7.25% Interest

Principal and Interest

$87,046

Property Taxes

$1,842

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 900 Phillips St Vista Ca

Income / Expense / Tax Details
Income Details
  • Gross Income: $1,183,752
  • Gross Scheduled Income: $1,183,752
  • Net Operating Income: $0
  • Cap Rate: 4.51
Expense Details
  • Operating Expense: $0
  • New Taxes Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 1984
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 321,322
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify, Unknown
  • Community Features: Sidewalks, Park
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: First Floors and Second Story Stairs
  • Fence: No
  • Pool Features: Community
  • Pool: Community/Common
Land/Lot Info
  • Additional Parcels Description: 179-310-39 179-310-38 179-185-01
  • Lot Features: 16-20 Units/Acre
  • Number Of Units: 59
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
Parking Info
  • Garage Spaces: 44
  • Parking: No
  • Uncovered Spaces: 77
  • Open Other Spaces Total: 77
  • Parking Garage Spaces: 44
  • Carport Spaces: 0
Unit Information
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 6
  • Number Of Separate Electric Meters: 65
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 900 Phillips St Vista Ca

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 900 Phillips St Vista Ca

Taxable ValueLand$376,559Additions$1,042,797Total$1,419,356
Tax Record2023$22,099 ($1,842 / month)
Home Facts
Total Finished SqFt11,176 SqFtAbove Grade Finished SqFt11,176 SqFtLot Size28,314 SqFtStyleMulti-Family Res (5+ Units)Year Built1972ZoningR-4:MULTIPLECountySAN DIEGOAPN179-310-38-00

Schools near 900 Phillips St Vista Ca

This home is within Vista Unified School District.
Rating
School
Type
Grades
Distance
Hannalei Elementary School
Public - K to 5
Rancho Minerva Middle School
Public - 6 to 8
Rancho Buena Vista High School
Public - 9 to 12
Vista Magnet Middle School Of Technology, Science, And Math
Public - 6 to 8
Rating
School
Distance
Hannalei Elementary School
PublicK to 5

Rancho Minerva Middle School
Public6 to 8

Rancho Buena Vista High School
Public9 to 12

Vista Magnet Middle School Of Technology, Science, And Math
Public6 to 8

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.

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Listing Courtesy of Lee & Associates, Eric von Bluecher, DRE #01926201

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