Recently renovated 76-unit multifamily in prime North County Vista location

Vista Del Mar presents an exceptional, high-yield investment opportunity to acquire a stabilized, low-density 76-unit apartment community positioned on a massive 4.03-acre lot in the premier North County San Diego municipality of Vista, California. Originally constructed in 1990, the property has recently undergone extensive interior and exterior capital renovations, offering an incoming investor a fully modernized asset boasting an impressive 6%+ current Cap Rate and substantial immediate cash flow from day one.

Strategically situated just off the Interstate 78 (I-78) freeway, the asset provides residents with unmatched regional transit access to coastal Carlsbad, Oceanside, and the inland employment engines of San Marcos and Escondido. In addition, the property is in close proximity to Cal State San Marcos, California’s fastest growing state university. The property features a highly desirable all-studio footprint catering perfectly to the region’s single-professional and workforce tenant base. Combining highly amenitized grounds—including abundant parking, a pool and tennis court—with an unprecedented physical footprint, this asset stands out as a rare scale acquisition combining strong current yield with future development upside. Please contact listing broker for Offering Memorandum.