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The Alestar Apartments
247 Alestar St

Vista, CA 92084

The Alestar Apartments
247 Alestar Street

Vista 92084

Sold – 4 Unit Investment in the Heart of Vista

PROPERTY HIGHLIGHTS

SOLD

Sale Recap:

Eric von Bluecher and Ivan Del Muro-Garcia represented the Seller of a 4 unit apartment building in Vista, San Diego County. The building was well maintained and held by the Seller for multiple decades and generations. We executed full marketing here, launching the listing on 11/1/23, within two weeks we generated over seven offers here, the best price and terms were selected and sold the building for 103% of the list price.

  • Asking Price: $1,350,000
  • Sold Price: $1,387,430 (103% of list)
  • Number of Units: 4
  • Unit Mix: (1) 3-Bed, 2-Bath; (2) 2-Bed, 2-Baths, (1) 1-Bed, 1-Bath
  • Current Gross Income: $84,528 / Market Gross Income: 132,000
  • Current GRM: 15.77 / Market GRM: 10.14
  • Current Cap Rate: 3.12% / Market Cap Rate: 6.53%
  • Upside Potential: 56%+/-
  • Area: Located just off the 78, 10 minutes to both the 5 and 15 freeways, minutes to Vista Village and Sprinter

For more information, please contact us below!

760-929-7846

evb@lee-associates.com

1902 Wright Place, Suite 180
Carlsbad, CA 92008, USA

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