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$600,000
Offering Price
17.86
GRM
$300,000
Price Per Unit
2
Number of Units
3.53%
Cap Rate
1,260
Building SF

Investment Summary

  • The N. Citrus Duplex represents a great opportunity for the novice real estate investor as well as the seasoned pro or exchange buyer. Built in 1946 and consisting of a raised foundation, wood frame construction, with a pitched roof, the property is well positioned to afford years of steady income. With upgraded ABS waste lines and copper plumbing the "bones" of the property are solid. The spacious one bedroom one bath units feature a large living room, separate dining area, vast kitchen, as well as a door from the bedroom leading to the private patio. There are washer dryer hookups in each unit as well for added resident convenience. The two car garage is currently rented to one of the residents at a higher rate. The oversized lot has a big yard that is currently under utilized and could be re-purposed as a larger common area for the residents or the private back yards of each unit could be extended deeper into the lot. More units may even be possible.

Location Summary

  • Located about 2 blocks from the rapidly gentrifying Downtown Vista area, the property is walking distance from all the shops, theater, and restaurants. Also nearby is the Vista Transportation center offering countywide access via the Sprinter Light Rail System and the NCTD bus system. Residents enjoy the proximity and convenience of being just a short walk from all that Vista has to offer.
  • Located just seven miles inland from the Pacific Ocean in northern San Diego County, the City of Vista has a perfect mild Mediterranean climate. Residents enjoy a wide range of year-round outdoor activities in a setting of gentle rolling hills and pleasant rural surroundings.
  • Vista is a thriving community that continues to grow and develop many new activities and attractions. The Moonlight Amphitheatre, AVO Playhouse, and the Wave Waterpark are just some of the many cultural activities the city offers Vista residents. Vista's Business Park is home to over 800 companies, with many global businesses relocating their headquarters, manufacturing, distribution and marketing facilities to this business park. In addition, Vista Village has brought revitalization to the downtown with dining, entertainment, shopping, and public amenities.
  • The N. Citrus Duplex represents a great opportunity for the novice real estate investor as well as the seasoned pro or exchange buyer. Built in 1946 and consisting of a raised foundation, wood frame construction, with a pitched roof, the property is well positioned to afford years of steady income. With upgraded ABS waste lines and copper plumbing the "bones" of the property are solid. The spacious one bedroom one bath units feature a large living room, separate dining area, vast kitchen, as well as a door from the bedroom leading to the private patio. There are washer dryer hookups in each unit as well for added resident convenience. The two car garage is currently rented to one of the residents at a higher rate. The oversized lot has a big yard that is currently under utilized and could be re-purposed as a larger common area for the residents or the private back yards of each unit could be extended deeper into the lot. More units may even be possible.
FOR MORE DETAILS CONTACT
Kevin Hemstreet
Managing Principal
(619) 309-9296
hemstreet@scc1031.com
BRE# 01490629