NOT LISTED FOR SALE

321 Hillside Terrace Vista, CA 92084

3 Beds
2 Baths
5,149 Sq Ft
0.34 Acres

Last Sold December 09, 2020

Last sale price $1,568,000 $305 Per Sq Ft

148 Days on Market

Highlights

  • Laundry Room
  • Landscaped
  • 4-minute walk to Wildwood Park

About This Home

As of December 2020

Hillside Village Apartments is a 7 unit garden-style apartment complex located in the thriving city of Vista. Built in 1985 the project sits on .34 acres in an area surrounded mostly by single family homes. Hillside Village has been extremely well maintained with new exterior paint, rehabbed units, and drought-resistant landscaping. Hillside Village sits on a hilltop location with close access to downtown vista and the 78 corridor freeway. The rents at Hillside still have a lot of room for growth, allowing an investor to stabilize the property at over a 5% CAP. There is also RUBS implemented with tenants paying a majority of the utilities.

Last Agent to Sell the Property

Gary Tolfa

Triqor Group License #00955403 Listed on: 06/03/2020

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 0.34 Acre Lot
  • Two or More Common Walls
  • Landscaped

Home Design

  • Property Attached

Interior Spaces

  • 5,149 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 1,2
  • Tax Tract Number 2190
  • Assessor Parcel Number 1751910400

Community Details

Building Details

  • Rent Control
  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • Insurance Expense $1,802
  • New Taxes Expense $25,308
  • Operating Expense $39,918
  • Gross Income $124,620
  • Net Operating Income $80,964

Additional Features

  • 7 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • CapRate: 4.60
  • Property Attached: Yes
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 1751910400
  • Year Built: 1985
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 304.53

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 14691.00
  • Lot Size Acres: 0.3373

Multi Family

  • Gross Income: 124620.00
  • Gross Multiplier: 13.74
  • Gross Operating Income: 120881.00
  • Gross Scheduled Income: 124620.00
  • Insurance Expense: 1802.00
  • Lot Size Area: 14691.0000 Square Feet
  • Net Operating Income: 80964.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Units Total: 7
  • Operating Expense: 39918.00
  • Rent Control: Yes
  • Total Expenses: 39918.00
  • Vacancy Allowance: 3739

Tax Info

  • New Taxes Expense: 25308.00
  • Tax Census Tract: 195.02
  • Tax Lot: 1,2
  • Tax Tract Number: 2190

Range of Values:

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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 Change Sq Ft Price
12/09/2020 12/09/20 Sold $1,568,000 -12.9% $305 / Sq Ft
08/18/2020 08/18/20 Price Changed $1,800,000 -3.5% $350 / Sq Ft
07/02/2020 07/02/20 Price Changed $1,865,000 -5.1% $362 / Sq Ft
06/03/2020 06/03/20 For Sale $1,965,000 -- $382 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Gary Tolfa

    Seller's Agent in 2020

    Gary Tolfa

    Triqor Group

    (949) 756-3232

    1 in this area

    19 Total Sales

    Gary Tolfa
    Section Image

  • N

    Buyer's Agent in 2020

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    2 in this area

    5,833 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20106688

California Regional Multiple Listing Service (CRMLS)

APN: 175-191-04-00

California San Diego County Vista 92084

321 Hillside Terrace, Vista, CA

This home is located at 321 Hillside Terrace, Vista, CA 92084 since 03 June 2020. This property was built in 1985. 321 Hillside Terrace is a home located in San Diego County with nearby schools including Beaumont Elementary School, Rancho Minerva Middle School, and Vista High School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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