1017 Crest View Road

    Vista, CA 92081
    • $1,125,000
    • STATUS: ACTIVE
    • ON SITE: 41 days
    • ID#: 190050353
    UPDATED: 160 min ago
    $1,125,000
    • 6
      BEDS
    • N/A
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Ratings & Info

    Description

    PRICE REDUCED. Great 4 unit complex with 4 garages and a storage areas. The property has been under the same ownership for the past 15 years. The owner is ready to sell, does not need a 1031 exchange. The CAP Rate is 6.75 including rents and $500 monthly rent for one garage and one storage room. The new owners CAP RATE including adjusted real property taxes based on the asking price is 5.74 and the gross rent multiplier is just over 13. The property is also close to the mass transit station. This property has been well maintained. Appliances have been replaced as needed. There is little deferred maintenance. The units are all conforming and the property which is 1.12 acres can be subdivided into 4 lots, ( buyer to confirm with City). Sewer is available. Septic systems have been maintained as needed. This is an old family compound, with mature trees, lovely landscaping and a great breeze wafting off the the ocean. It unit has a private yard and the long term tenants love it. It has great up side potential. Use your imagination and think outside the box. In the meantime it is a very good deal at this price. Quentin Smith is the owner and is a licensed real estate agent with with Engel &Voelkers.

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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 MLS. 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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.teamforss.com/homes/98840096

    1017 Crest View Road Vista, CA 92081

    • Price: $1,125,000
    • Status: ACTIVE
    • Updated: 160 min ago
    • ID#: 190050353
    6
    Beds
    4
    Baths
    0
    ½ Baths
    N/A
    Acres
    1940
    Built
    Neighborhood:
    Rancho Vista
    County:
    San Diego
    Area:
    Vista (92081)
    Property Description
    PRICE REDUCED. Great 4 unit complex with 4 garages and a storage areas. The property has been under the same ownership for the past 15 years. The owner is ready to sell, does not need a 1031 exchange. The CAP Rate is 6.75 including rents and $500 monthly rent for one garage and one storage room. The new owners CAP RATE including adjusted real property taxes based on the asking price is 5.74 and the gross rent multiplier is just over 13. The property is also close to the mass transit station. This property has been well maintained. Appliances have been replaced as needed. There is little deferred maintenance. The units are all conforming and the property which is 1.12 acres can be subdivided into 4 lots, ( buyer to confirm with City). Sewer is available. Septic systems have been maintained as needed. This is an old family compound, with mature trees, lovely landscaping and a great breeze wafting off the the ocean. It unit has a private yard and the long term tenants love it. It has great up side potential. Use your imagination and think outside the box. In the meantime it is a very good deal at this price. Quentin Smith is the owner and is a licensed real estate agent with with Engel &Voelkers.
    Exterior Features

    Exterior StuccoWood Fencing Partial Frontage N/K Irrigation Manual Parking For RV Potential Space Parking Garage Spaces Unit1 1 Parking Garage Spaces Unit2 0 Parking Garage Spaces Unit3 1 Parking Garage Spaces Unit4 1 Parking Non Garage Desc Unit1 Uncovered Parking Non Garage Desc Unit2 Uncovered Parking Non Garage Desc Unit3 Uncovered Parking Non Garage Desc Unit4 Uncovered Roof Composition Site Flag LotIrregular LotPublic StreetStreet Paved Topography Slope Gentle Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Unit4 Exclusive Use Yard Yes Units With Garages 3 Units With Patios 3 View Parklike

    Interior Features

    Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment Wall/Gravity Heat Source ElectricNatural Gas Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Unit4 Laundry Hook Ups Common Units With Cooling 0 Units With Dishwashers 4 Units With Dryers 1 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 1 Water Heater Type Gas

    Property Features

    Actual Cap Rate 6.34 Age Restrictions N/K Annual Expense Actual 10200 Association ID North San Diego County Association Of Realtors (Nsdcar) Buildings 4 Cfd Mello Roos Fee 0 Community Vista Complex Features Laundry FacilitiesOther/Remarks Complex Park Crest View Cross Streets Crest View Place Gross Rent Multiplier Actual 13 Gross Scheduled Income Actual 89520 Home Owners Fees 0 Mandatory Remarks None Known Market Area North County Monthly Total Fees 0 Other Fees 0 Other Income Actual 0 Pets Yes Possession Close Of Escrow Sales Restrictions N/K Security N/K Sewer Septic Septic InstalledSewer AvailablePerc Update Needed Short Sale No Telecommunications Cable (Coaxial)Satellite Dish Tenant Pays Cable TvElectricityGas/Propane Terms Conventional Unit Number For Unit1 1017 Unit Number For Unit2 1017 1/2 Unit Number For Unit3 1019 Unit Number4 1021 Unit1 Deposit 500 Unit1 Occupied Tenant Unit1 Rent Actual 1795 Unit2 Deposit 500 Unit2 Occupied Tenant Unit2 Rent Actual 1575 Unit3 Deposit 500 Unit3 Occupied Tenant Unit3 Rent Actual 1795 Unit4 Deposit 500 Unit4 Occupied Tenant Unit4 Projected Rent 1895 Unit4 Rent Actual 1795 Water Meter On Property

    Listing provided courtesy of E & V Ranch And Coast, Inc.. Listing information © 2019 San Diego MLS Inc. Source: CRMLS
    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 MLS. 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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
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