1741 Ishihara Vista CA 92084
ACTIVE
$3,900,000
bd/ba
sf
37,026 lot
3/20/24:
3,900,000 Original List Price
41
Days on Market
Land
City Lights View
story
0 Parking Garage Spaces
Y Fireplace
Laundry Location
City Lights View
story
0 Parking Garage Spaces
Y Fireplace
Laundry Location
R1 Zoning
Vista Neighborhood
Suburban Complex/Park
$0 Total Fees/mo (HOA and/or Mello)
PI24056462 MLS
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
No additional information on record.
Listing by Steven Relth - Lee and Associates
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2019 San Diego MLS.
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