NOT LISTED FOR SALE

175 Cedar Rd Vista, CA 92083

4 Beds
4 Baths
14,364 Sq Ft
14,375 Sq Ft Lot

Last Sold June 07, 2019

Last sale price $3,850,000 $268 Per Sq Ft

70 Days on Market

Highlights

  • Laundry Room
  • Rancho Buena Vista High School Rated A-
  • Landscaped

About This Home

As of June 2019

Cedar Palms Apartment Homes is a 14-unit multifamily investment property located at 175 Cedar Road in Vista, California. Built in 1986, Cedar Palms Apartment Homes consists entirely of 14, two-bedroom units. Residents enjoy a wide range of amenities including controlled access, a central courtyard, ample carport and garage parking, private patios (ground floor units), and on-site laundry. Cedar Palms Apartment Homes is located less than one mile from many schools, including Grapevine Elementary School, Casita Center for Technology, Science & Math, and MiraCosta College. The property is also just two miles from Vista Village shopping center and Del Oro Marketplace, providing tenants easy access to plenty of retail, grocery, dining, and entertainment options.

Last Agent to Sell the Property

Kurt Hediger

Marcus & Millichap RE Invest License #01846649 Listed on: 02/05/2019

Co-Listed By

Tyler Leeson

Marcus & Millichap RE Invest License #01451551

Last Buyer's Agent

Carlos Barajas

Keller Williams San Jose Gateway License #01732586

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 0.33 Acre Lot
  • No Common Walls
  • Landscaped

Parking

  • 10 Open Parking Spaces
  • 14 Car Garage

Interior Spaces

  • 14,364 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 18519
  • Assessor Parcel Number 1666302800

Community Details

Building Details

  • 14 Leased Units
  • Electric Expense $5,355
  • Fuel Expense $5,355
  • Insurance Expense $4,975
  • Maintenance Expense $8,400
  • Other Expense $6,840
  • Professional Management Expense $13,026
  • Trash Expense $2,466
  • Water Sewer Expense $5,355
  • New Taxes Expense $43,302
  • Operating Expense $95,075
  • Gross Income $268,440
  • Net Operating Income $165,447

Additional Features

  • 14 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0.33 Acres

Parking

14

Listing Details

  • Professional Management Expense: 13026.00
  • Property Attached: No
  • Water Sewer Expenses: 5355.00
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 1666302800
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 268.03

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 14.00
  • Total Parking Spaces: 24.00
  • Uncovered Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2466.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 14374.80
  • Lot Size Acres: 0.3300

Multi Family

  • Electric Expense: 5355.00
  • Fuel Expense: 5355.00
  • Gross Income: 268440.00
  • Gross Operating Income: 260522.00
  • Gross Scheduled Income: 268400.00
  • Insurance Expense: 4975.00
  • Lot Size Area: 0.3300 Acres
  • Maintenance Expense: 8400.00
  • Net Operating Income: 165447.00
  • Number Of Units Leased: 14
  • Number Of Units Total: 14
  • Operating Expense: 95075.00
  • Other Expense: 6840.00
  • Rent Control: No
  • Total Actual Rent: 21995.00
  • Total Expenses: 95075.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 43302.00
  • Tax Census Tract: 185.19
  • Tax Lot: 2
  • Tax Tract Number: 018519
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2019 06/07/19 Sold $3,850,000 -3.8% $268 / Sq Ft
04/16/2019 04/16/19 Pending -- -- --
02/05/2019 02/05/19 For Sale $4,000,000 -- $278 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $52,947 $4,294,744 $1,952,156 $2,342,588
2024 $52,947 $4,210,534 $1,913,879 $2,296,655
2023 $51,843 $4,127,975 $1,876,352 $2,251,623
2022 $51,732 $4,047,035 $1,839,561 $2,207,474
2021 $50,591 $3,967,683 $1,803,492 $2,164,191
2020 $43,650 $3,927,000 $1,785,000 $2,142,000
2019 $46,130 $3,537,360 $1,560,600 $1,976,760
2018 $37,577 $3,468,000 $1,530,000 $1,938,000
2017 $34,870 $2,601,000 $1,020,000 $1,581,000
2016 $26,455 $1,839,842 $811,695 $1,028,147
2015 $26,280 $1,812,207 $799,503 $1,012,704
2014 $25,679 $1,776,709 $783,842 $992,867
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19027678

California Regional Multiple Listing Service (CRMLS)

APN: 166-630-28-00

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