1741 Ishihara Vista, CA — $3,900,000

Listing data updated April 2, 2024 - 12:44am
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1741 Ishihara | VISTA (92084)

$3,900,000 Registered users get up to $32,500 — More Info

5 (almost) finished lots on Anza, all 1/2 acre or larger. Each lot can be sold separately for $950,000 The city has processed one of the 5 lots for the following development: (2) homes, 2,200 square feet each (2) ADU's (upstairs + downstairs) Total 10 home + 10 ADU's on these lots Each of the remaining 4 lots are approvable for the same exact development. Basis of value: House Rent = $5000 per month; ADU rent = $2000 per month Total rent for the (4) units on each lot = $14,000 per month X 5 lots = $70,000 per month X 12 months = $840,000x.75 = 630,000 Net Operating Income 5% cap rate = $12,600,000 value of 20 units total/4 on each lot SDMLS 306129015

Directions to property: Bobier to Anza

MLS Listing ID: 
SDMLS 306129015
Purchase
Community Information
Community Name: 
VISTA
Construction
DisabilityFeatures: 
No
Energy Information: 
Electric
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total Bathrooms Description: 
0
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.85
Lot Size (Area): 
37,026
Lot Area Units: 
Sq Ft
Waterfront: 
0
Public Record
Parcel Number: 
1733502600
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
3/20/2024
Contract Details
Details about the listing contract.
Buyer's Agent Compensation: 
2.5
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Steven Relth
Listing Office Name: 
Lee and Associates

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