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 Ryan        Traci       Barbie
    DRE #00925902    
Coldwell Banker
Residential Brokerage

6015 Paseo Delicias

Rancho Santa Fe, CA 92067
760-519-7355

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Listing 10 out of 265
$1,175,000 For Sale

1017 Crest View Road
Vista, CA 92081

4 units | Multi Family 2-4 - MLS# 190050353
Property Photo
1/12

Description

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.

Features

  • Property Type: Multi Family 2-4
  • Sub Type: Multi Family 2-4
  • Listing Status: Active
  • County/Area: San Diego County
  • Zip Code: 92081
  • Year Built: 1940
  • Subdivision/Neighborhood: Rancho Vista
  • Units: 4 units
  • View: Parklike
  • # Units w/Dishwashers: 4
  • # of Buildings: 4
  • # of Units w/Dryers: 1
  • # of Units w/Garage: 3
  • # of Units w/Patios: 3
  • # of Units w/Range/Oven: 4
  • # of Units w/Refrigerator: 4
  • # of Units w/Washers: 1
  • Annual Expense Actual: 10200
  • Cap Rate Actual: 6.75
  • Community: Vista
  • Complex Features: Laundry Facilities
  • Complex/Park: Crest View
  • Fencing: Partial
  • Gross Rent Multiplier Act: 13
  • Gross Sched Income Actual: 89520
  • Heat Equipment: Wall/Gravity
  • Heat Source: Electric, Natural Gas
  • Irrigation: Manual
  • Listing Area: VISTA (92081)
  • Lot Description: Flag Lot, Irregular Lot, Public Street, Street Paved
  • Lot Size Area: 1+ to 2 AC
  • Parking Non-Garage Unit 1: Uncovered
  • Parking Non-Garage Unit 2: Uncovered
  • Parking Non-Garage Unit 3: Uncovered
  • Parking Non-Garage Unit 4: Uncovered
  • Parking for RV: Potential Space
  • Pets: Yes
  • Roof: Composition
  • Sewer/Septic: Septic Installed, Sewer Available, Perc Update Needed
  • Siding: Stucco, Wood
  • Telecommunications: Cable (coaxial), Satellite Dish
  • Tenant Pays: Cable TV, Electricity, Gas/Propane
  • Terms: Conventional
  • Topography: Slope Gentle
  • Unit # for Unit 1: 1017
  • Unit # for Unit 2: 1017 1/2
  • Unit # for Unit 3: 1019
  • Unit # for Unit 4: 1021
  • Unit 1 # Bedrooms: 2
  • Unit 1 # Total Baths: 1
  • Unit 1 # of Full Baths: 1
  • Unit 1 Deposit: 500
  • Unit 1 Exclusive Use Yard: Yes
  • Unit 1 Laundry Hook Ups: Yes
  • Unit 1 Prkng Garage Space: 1
  • Unit 1 Rent Actual: 1795
  • Unit 2 # Bedrooms: 1
  • Unit 2 # Total Baths: 1
  • Unit 2 # of Full Baths: 1
  • Unit 2 Deposit: 500
  • Unit 2 Exclusive Use Yard: Yes
  • Unit 2 Laundry Hook Ups: Common
  • Unit 2 Rent Actual: 1575
  • Unit 3 # Bedrooms: 2
  • Unit 3 # Total Baths: 1
  • Unit 3 # of Full Baths: 1
  • Unit 3 Deposit: 500
  • Unit 3 Exclusive Use Yard: Yes
  • Unit 3 Laundry Hook Ups: Common
  • Unit 3 Prkng Garage Space: 1
  • Unit 3 Rent Actual: 1795
  • Unit 4 # Bedrooms: 1
  • Unit 4 # Total Baths: 1
  • Unit 4 # of Full Baths: 1
  • Unit 4 Deposit: 500
  • Unit 4 Exclusive Use Yard: Yes
  • Unit 4 Laundry Hook Ups: Common
  • Unit 4 Prkng Garage Space: 1
  • Unit 4 Projected Rent: 1895
  • Unit 4 Rent Actual: 1795
  • Water: Meter on Property
  • Water Heater Type: Gas
Courtesy of E & V Ranch and Coast, Inc.

Traci Bass & Associates | 760-519-7355 | Contact Me
6015 Paseo Delicias - Rancho Santa Fe, CA 92067
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