Property Detail

Description

Unique multifamily development opportunity in high growth submarket of Vista, CA. Situated on ±0.60 acres, this project includes 8 fully-entitled townhomes, each designed for modern living with 3 bedrooms, 2.5 baths, and attached garages. Units average 1,400+ SF, offering highly desirable layouts for today’s renters. The project is configured across two buildings totaling approximately 14,000 SF, with a blend of two- and three-story elevations that maximize efficiency, curb appeal, and livability. Surface parking complements the garage spaces, providing ample on-site parking for residents and guests. All major civil work is complete including approvals for grading, sewer, utility and irrigation plans as well as the CEQA review. Building plans are conditionally approved with the only remaining condition being the payment of impact fees, which are estimated ~$45,000 per unit, supporting a predictable development budget. With projected market rents averaging $3,900 per unit, the asset offers a compelling return profile in a supply-constrained North County market. Call Broker for access to plans and reports.