Listing provided courtesy of Steven Relth of Lee and Associates. Last updated 2024-04-28 08:22:08.000000. Listing information © 2022 Sandicor.

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Asking Price: $3,900,000

1741 Ishihara, Vista CA 92084

Community: 92084 - Vista

This property was built in 0 and is priced at $3,900,000. Please see the additional details below.

0 Sq Ft
0 bathrooms
0 bedrooms
MLS#: PI24056462
Type:
Year Built: 0

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

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858-688-4113

Information

Address:	1111 Prospect St, Suite 100 La Jolla CA 92037
Phone:	858-688-4113
E-mail:	Send a Message
DRE#:	01794847

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