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Billie Scofield

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760-419-2492
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DRE #02054688

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Listing 3 out of 184
$4,000,000 Active Under Contract

175 Cedar Road
Vista, CA 92083

14 units | Multi Family Home
14375 sq ft - MLS# OC19027678
Property Photo
1/6

Description

Cedar Palms Apartment Homes is a 14-unit multifamily investment property located at 175 Cedar Road in Vista, California. Built in 1986, Cedar Palms Apartment Homes consists entirely of 14, two-bedroom units. Residents enjoy a wide range of amenities including controlled access, a central courtyard, ample carport and garage parking, private patios (ground floor units), and on-site laundry. Cedar Palms Apartment Homes is located less than one mile from many schools, including Grapevine Elementary School, Casita Center for Technology, Science & Math, and MiraCosta College. The property is also just two miles from Vista Village shopping center and Del Oro Marketplace, providing tenants easy access to plenty of retail, grocery, dining, and entertainment options.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active Under Contract
  • Zip Code: 92083
  • Year Built: 1986
  • Stories: Two
  • Units: 14 units
  • # of Parking Spaces: 24.00
  • Lot Size: 14375 sq ft
  • Zoning: R2
  • Area: VST - Vista
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 14364.00
  • Building Area Units: Square Feet
  • Co-Listing Agent License: 01451551
  • Co-Listing Office License: 00530854
  • Community Features: Sidewalks
  • Country: US
  • Directions: Cross Streets: Cedar Rd / W Vista Way
  • Electric Expense: 5355.00
  • Fuel Expense: 5355.00
  • Garage Spaces: 14.00
  • Gross Income: 268440.00
  • Gross Operating Income: 260522.00
  • Gross Scheduled Income: 268400.00
  • Insurance Expense: 4975.00
  • Laundry Features: Community
  • Laundry YN: Yes
  • Listing Agent License: 01846649
  • Listing Office License: 00530854
  • Lot Features: Landscaped
  • Lot Size Area: 0.3300
  • Lot Size Source: Assessor
  • Lot Size Units: Acres
  • MLS: CRM
  • Maintenance Expense: 8400.00
  • Net Operating Income: 165447.00
  • New Taxes Expense: 43302.00
  • Number Of Buildings: 1
  • Number Of Units Leased: 14
  • Operating Expense: 95075.00
  • Other Expense: 6840.00
  • Other Expense Description: Other
  • Sewer: Public Sewer
  • Stories Total: 2
  • Total Actual Rent: 21995.00
  • Total Expenses: 95075.00
  • Trash Expense: 2466.00
  • Uncovered Spaces: 10.00
  • Water Sewer Expense: 5355.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Marcus & Millichap Re Invest, Kurt Hediger

Billie Scofield | 760-419-2492 | Contact Me
Ashby & Graff Real Estate - DRE #02041450
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