Type : Multifamily Development
Price : $849,000.00
Price Per SF : $290.75
Building SF : 2920
Lot SF : 25701
Number of Units : 2
CAP rate :
Address : 2270 Primrose Ave
Vista, CA 92083
Notes and Property Description : MULTIFAMILY DEVELOPMENT OPPORTUNITY FOR SALE!!! This 25,701 square foot development site is comprised of two adjoining lots demised as 14,375 square feet and 11,326 square feet respectively. Located in the city of Vista and the jurisdiction of San Diego County the RU zoning lends to the development of multifamily units. Situated between two apartment buildings and one block from the Wal-Mart supercenter makes this investment ideal for a developer. The site currently has a duplex that would provide ample cash flow while obtaining entitlement approvals. The duplex is comprised of an approximate 2,920 square feet with 8 bedrooms and 4 bathrooms and is providing $1,800/mo/unit.  Easy access to major shopping centers, Highway 78 and Interstate 5/15 will quickly provide this location with stabilization upon completion. Development opportunities such as this rarely come available in Vista.