NOT LISTED FOR SALE

175 Cedar Rd Vista, CA 92083

Vista Area
4 Beds
4 Baths
14,364 Sq Ft
0.33 Acre Lot

Sale Details

Date Sold: June 7, 2019

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

70 Days on Market

Highlights

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

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

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 14,375 Sq Ft Lot
  • No Common Walls
  • Landscaped

Parking

  • 10 Open Parking Spaces
  • 14 Car Garage

Interior Spaces

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

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2019
Closed on
Jun 4, 2019
Sold by
Bought by
Seller's Agent
Kurt Hediger
Marcus & Millichap RE Invest
Buyer's Agent
Carlos Barajas
Keller Williams San Jose Gateway
List Price
$4,000,000
Sold Price
$3,850,000
Premium/Discount to List
-$150,000
-3.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,350,000
Interest Rate
4.2%
Mortgage Type
Commercial

Purchase Details

Closed on
May 6, 2016
Sold by
Bought by

Purchase Details

Closed on
Dec 1, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,785,000
Interest Rate
3.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 16, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,190,000
Interest Rate
4.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 5, 1994
Sold by
Bought by

Purchase Details

Closed on
Dec 11, 1990
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,850,000 Chicago Title Company
$3,400,000 Chicago Title Newport Beach
$2,550,000 Corinthian Title Company
$1,700,000 Chicago Title Company
-- --
$995,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $3,100,000
Closed $2,350,000
Previous Owner $1,785,000
Previous Owner $1,190,000
Previous Owner $560,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $55,727 $4,380,638 $1,991,199 $2,389,439
2025 $55,727 $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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