1023 Oak Dr, Vista, CA 92084

$1,125,000
1
BD
57,359
SqFt
List Price
$1,125,000
Days on Market
137
Status
ACTIVE
MLS#
180006880
Bedrooms
1
Living Sq. Ft
57,359
Lot Size(Range)
7,500-10,889 SF
Lot Size(apprx.)
10,088
Property Type
Multifamily
Year Built
1980

Property Description

The Oakcrest Apartments represent a true value add opportunity for the astute investor. With all rents well below market there is substantial, immediate income upside via more aggressive management. The 1980 constructed building has a superior unit mix of 3 two bedroom two bath units and 1 three bedroom 2 bath unit. All the units are above average in square footage and have tile floors plus dishwashers. Recent upgrades include vinyl windows and a new concrete driveway.

Additional Information

Annual Expense Actual
22375
Cooling
Wall/Window
Gross Rent Multiplier Actual
21
Gross Rent Multiplier Project
13
Gross Scheduled Income Actual
53400
Gross Scheduled Income Project
82200
Heat Equipment
Fireplace, Forced Air Unit, Wall/Gravity
Living Area
57,359
Lot Size
10,088
Lot Size Range
7,500-10,889 SF
Neighborhood
North
Other Income Projected
1200
Roof
Other/Remarks
Stories
2 Story
Style
Res Income 2-4 Units
Tenant Pays
Cable TV, Electricity, Gas/Propane
Year Built
1980

Room Dimensions

Supplement
All unit rents are significantly below market providing immediate upside to the potential buyer.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of South Coast Commercial, Inc.

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