Active
1741 Ishihara
Vista CA, 92084
$3,900,000
$105.33 per sqft
Active
0.85 Acres
Land
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
PI24056462
MLSⓇ ID
March 20, 2024
Listed
April 1, 2024
Updated
Map
1741 Ishihara
Vista CA, 92084
Exterior/Building Features
Lot Size
0.85 Acres
Other Property Details
Days on Market
12
Garage
No
View
No
County
San Diego
Pool
No
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
|---|---|---|
4/1/2024 | Price Change | $3,900,000 -12% |
Listed by Lee and Associates, Steven Relth,
Listing Contact: 619-517-6429
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Data last updated 5:13 PM UTC, 4/1/2024
