226 E California Avenue, Vista, CA 92084

About this commercial property

The property located at 226-240 E California Avenue is a unique value-add opportunity in the heart of Vista, CA, a submarket of North County San Diego. Situated on a large lot (over 20,000sqft) the building contains (5) 1Br/1Ba apartments, (3) 2br/1ba apartments, (10) garages and laundry facilities. Most units have private outdoor space with potential to create private outdoor spaces for all units. The property is ripe for a value-add investor to improve the property via cosmetic upgrades and obtain market rents. Currently all tenants are on MTM leases and leasing at rates over 50% below market rents. There are 10 single car garages on site as well. Two of the six structures on the lot are comprised of 4 single car garages totaling approx 1,000sqft of space. These two structures offer a prime opportunity for one to create at least two ADU's and truly bring out the highest and best of this rare investment opportunity.

Listing description from the July 2023 sale, as reported to CRMLS.

Sale history

$1,925,000

Sold July 2023 · listed $2,000,000, on market March 2023 · MLS #230005604SD · Source: CRMLS

Listing Agent: Josh Browar · Listing Office: The Browar Group · Contact: 858-414-4398 · Bought with: Angelo La Bruna · Apartment Realty Group (ARG)

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