Listing provided courtesy of Michael Hannon of E & V Ranch and Coast, Inc.. Last updated 2019-09-12 09:13:52.000000. Listing information © 2018 Client MLS.
Asking Price: $1,175,000
1017 Crest View Road, Vista CA 92081
Community: Rancho Vista
This Res Income 2-4 Units property was built in 1940 and is priced at $1,175,000. Please see the additional details below.
- 0 Sq Ft
- 0 bedrooms
- MLS#: 190050353
- Type: Res Income 2-4 Units
- Year Built: 1940
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.