NOT LISTED FOR SALE

Estimated Value: $1,279,000 - $1,377,000

7 Beds
6 Baths
4,528 Sq Ft
$293/Sq Ft Est. Value

Last Sold August 09, 2024

Last sale price $1,350,000 $298 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $7,683/month

16 Days on Market

Highlights

  • City Lights View
  • Cul-De-Sac
  • Private Streets
  • Rancho Buena Vista High School Rated A-
  • Forced Air Heating and Cooling System
  • Gated Home

About This Home

As of August 2024

An exceptional multi-family property located just 1 block from the Sprinter Station at the end of a cul-de-sac...located on a flag lot with two access points and ample parking. This expansive residence offers a total of 4 units, (1) 4-bed/2-bath, (1) 3-bed/2-bath, and (2) Studios — this property is thoughtfully designed to accommodate multiple living arrangements, making it an ideal investment property or a spacious residence for extended living. Each unit offers a private backyard, low yard maintenance, along with ample parking & in-unit laundry facilities for 3 of the 4 units. Additional access point off of Phillips street features additional parking, RV Parking and a storage shed. With versatile investment potential, explore this opportunity firsthand; your investment journey begins here! Conveniently located in Vista, this property offers easy access to a variety of amenities, including dining, shopping, and entertainment options. Don't miss the chance to explore this unique and expansive property.

Last Agent to Sell the Property

Stacy Roth

Compass License #01492209 Listed on: 05/24/2024

Compass

Last Buyer's Agent

Alex Delgado

The Alexander Realty Group License #01379675

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 14,000 Sq Ft Lot
  • Property fronts a freeway
  • Cul-De-Sac
  • Private Streets
  • Gated Home
  • Property is Fully Fenced
  • Flag Lot
  • Gentle Sloping Lot

Parking

  • RV Potential

Property Views

  • City Lights
  • Mountain

Home Design

  • Split Level Home
  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • Wired For Data

Schools

  • Vista Unified School District Elementary And Middle School
  • Vista Unified School District High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Gravity Heating System
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV
  • Assessor Parcel Number 179-310-44-00

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Phillips Way Community

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $76,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0.32 Acres

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: North County
  • Cross Street: Phillips Street & Phillips Way
  • Neighborhood: Vista
  • Supplement: With versatile investment potential, explore this opportunity firsthand; your investment journey begins here! Conveniently located in Vista, this property offers easy access to a variety of amenities, including dining, shopping, and entertainment options. Don't miss the chance to explore this unique and expansive property.
  • Miscellaneous: Dog Run, Value in Land
  • Stories: Split Level
  • Sale Price List Price: 1.0
  • Year Built: 1959
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 3
  • Prkng Non Garage Spac U2: 2
  • Prkng Non Garage Spac U3: 3
  • Prkng Non Garage Spac U4: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full, Gate, Partial
  • Frontage: Freeway
  • Roof: Composition
  • View: Evening Lights, Mountains/Hills

Garage/Parking

  • Parking for RV: Potential Space

Utilities

  • Cooling: Central Forced Air, Wall/Window
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Wired High Speed Internet
  • Heat Equipment: Forced Air Unit, Wall/Gravity

Condo/Co-op/Association

  • Complex Name: Phillips Way
  • Pets Allowed: Yes
  • Manager Name: Stacy Roth
  • Manager Phone: 6193889315

Schools

  • School District URL: http://www.vusd.k12.ca.us/
  • Elementary School: Vista Unified School District
  • Elementary School Website: http://www.vusd.k12.ca.us/
  • High School: Vista Unified School District
  • Middle School Url: http://www.vusd.k12.ca.us/
  • Middle School: Vista Unified School District

Lot Info

  • Lot Size: .25 to .5 AC
  • Site: Cul-De-Sac, Easement Access, Flag Lot, Private Street
  • Topography: Slope Gentle
  • Water District: VISTA IRRIGATION DISTRICT
  • Assessor Parcel Number: 179-310-44-00
  • Estimated Lot Sq Ft: 14000
  • Estimated Number of Acres: 0.38

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 76000
  • Gross Rent Multiplier Actual: 23.5
  • Gross Rent Multiplier Projected: 9.6
  • Number Of Buildings: 2
  • Number Of Furnished Units: 2
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 3
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 3
  • Other Income Actual: 1200
  • Other Income Projected: 2400.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2024
Closed on
Jun 12, 2024
Sold by
Roth Mitchell Casey and Roth Stacy
Bought by
Myers Luis A and Myers Luz Marina
Seller's Agent
Stacy Roth
Compass
Buyer's Agent
Alex Delgado
The Alexander Realty Group
List Price
$1,590,000
Sold Price
$1,350,000
Premium/Discount to List
-$240,000
-15.09%
Views
36
Current Estimated Value
$1,324,591

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,409
Avg. Annual Appreciation
-1.16%
Original Mortgage
$1,350,000
Interest Rate
6.86%
Mortgage Type
VA

Purchase Details

Closed on
Jul 26, 2017
Sold by
Estis Lawrence and Estis Elizabeth
Bought by
Roth Mitchell Casey and Roth Stacy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$526,291
Interest Rate
3.96%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 24, 2010
Sold by
Litton Loan Servicing Lp
Bought by
Estis Lawrence and Estis Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 4, 2009
Sold by
Mercado Abel
Bought by
Litton Loan Servicing Lp

Purchase Details

Closed on
Mar 8, 2006
Sold by
Mercado Irene
Bought by
Mercado Abel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,000
Interest Rate
6.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 16, 2006
Sold by
Vader T Katriana
Bought by
Mercado Abel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,000
Interest Rate
6.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 27, 2001
Sold by
Vader T Katriana and Katriana Caputo T
Bought by
Vader T Katriana

Purchase Details

Closed on
Dec 17, 2001
Sold by
Vader Erik Johnstone
Bought by
Vader T Katriana

Purchase Details

Closed on
Aug 3, 1998
Sold by
Thornton Mark B and Thornton Ellen D
Bought by
Caputo T Katriana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
6.88%
Mortgage Type
Commercial

Purchase Details

Closed on
May 2, 1989
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Myers Luis A $1,350,000 Chicago Title
Roth Mitchell Casey $536,000 Chicago Title Company
Estis Lawrence $295,000 First American Title Company
Litton Loan Servicing Lp $327,250 Fidelity National Title Insu
Mercado Abel -- Southland Title Sd
Mercado Abel $615,000 Southland Title
Vader T Katriana -- Commonwealth Land Title Co
Vader T Katriana -- Commonwealth Land Title Co
Caputo T Katriana $180,000 First American Title Co
-- $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Myers Luis A $1,350,000
Previous Owner Roth Mitchell Casey $526,291
Previous Owner Estis Lawrence $236,000
Previous Owner Mercado Abel $492,000
Previous Owner Caputo T Katriana $162,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/09/2024 08/09/24 Sold $1,350,000 -11.8% $298 / Sq Ft
06/13/2024 06/13/24 Price Changed $1,530,000 +2.1% $338 / Sq Ft
06/10/2024 06/10/24 Pending -- -- --
05/31/2024 05/31/24 Price Changed $1,499,000 -5.7% $331 / Sq Ft
05/24/2024 05/24/24 For Sale $1,590,000 -- $351 / Sq Ft
Source: San Diego MLS

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 $7,265 $1,350,000 $850,000 $500,000
2024 $7,265 $597,911 $293,889 $304,022
2023 $5,827 $466,963 $288,127 $178,836
2022 $7,092 $574,695 $282,478 $292,217
2021 $7,045 $563,428 $276,940 $286,488
2020 $6,901 $557,652 $274,101 $283,551
2019 $6,798 $546,719 $268,727 $277,992
2018 $6,495 $536,000 $263,458 $272,542
2017 $7,953 $328,097 $161,268 $166,829
2016 $7,855 $321,664 $158,106 $163,558
2015 $7,841 $316,834 $155,732 $161,102
2014 $4,042 $310,629 $152,682 $157,947
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240011293

San Diego MLS

APN: 179-310-44

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