$1,795,000

503 W California Ave Vista, CA 92083

Estimated payment $11,556/month

Total Views 4,033
2 Beds
2 Baths
4,760 Sq Ft
$377 Price per Sq Ft

Highlights

  • Golf Course Community
  • Laundry Room
  • Bike Trail
  • No HOA
  • Forced Air Heating System

About This Home

Wes are pleased to
present 5 apartment units at 503 West California Avenue located in
the robust rental market in the City of Vista, California.
Built in 1980, the property consists of ±4,760 rentable square feet
consisting of 100% 2 bedroom & 2 bath units. The property is situated
on one parcel totaling ±0.37-acres and includes individual garages,
tuck-under parking, 2 additional on-site parking spaces with street
parking also available. The property is also separately metered for gas
and electric with a community laundry room. • 100% 2 bedroom & 2 bathroom units
• ±7 miles to Pacific Ocean
• Excellent in-place rental income
• Garages, carports, open, and street parking
• Mature landscaping
• On-site laundry room
• Ease of management
• ADU opportunity
• ±1 mile to North County Sprinter
• First time on the market in 23 years

Listing Agent

Jonathan Mitchell

Kidder Mathews of California, Inc Brokerage Phone: 949-557-5000 License #01227852 Listed on: 07/09/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 0.36 Acre Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 4 Car Garage
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment

Interior Spaces

  • 4,760 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 47
  • Tax Tract Number 1893
  • Assessor Parcel Number 1633702200
  • $2,559 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Vista Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Bike Trail

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,218
  • Fuel Expense $985
  • Gardener Expense $1,500
  • Insurance Expense $3,568
  • Maintenance Expense $5,005
  • Trash Expense $3,252
  • Water Sewer Expense $6,129
  • New Taxes Expense $18,489
  • Operating Expense $42,298
  • Gross Income $144,684
  • Net Operating Income $98,345

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.50
  • Price Per Unit: 359000
  • Property Attached: Yes
  • Subdivision Name Other: Vista
  • Water Sewer Expenses: 6129.00
  • Zoning: R2
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 1633702200
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Street
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 377.10

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 3252.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Golf, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 15682.00
  • Lot Size Acres: 0.3600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 952 Square Feet
  • Electric Expense: 1218.00
  • Fuel Expense: 985.00
  • Gross Income: 144684.00
  • Gross Multiplier: 12.40
  • Gross Operating Income: 140643.00
  • Gross Scheduled Income: 144684.00
  • Gross Spendable Income: 98345.00
  • Insurance Expense: 3568.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 909.00
  • Lot Size Area: 15682.0000 Square Feet
  • Maintenance Expense: 5005.00
  • Net Operating Income: 98345.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Number Wall A C: 5
  • Number With Carpet: 5
  • Number With Disposal: 5
  • Number With Range: 5
  • Operating Expense: 42298.00
  • Operating Expense Percent: 30.10
  • Rent Control: No
  • Total Expenses: 42298.00
  • Vacancy Allowance: 4341
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 18489.00
  • Tax Census Tract: 195.01
  • Tax Lot: 47
  • Tax Tract Number: 1893
  • TaxOtherAnnualAssessmentAmount: 2559.00

Map

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
07/09/2025 07/09/25 For Sale $1,795,000 -- $377 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25153614

California Regional Multiple Listing Service (CRMLS)
California San Diego County Vista 92083

503 W California Ave, Vista, CA

This home is located at 503 W California Ave, Vista, CA 92083 and is currently priced at $1,795,000, approximately $377 per square foot. This property was built in 1980. 503 W California Ave is a home located in San Diego County with nearby schools including Maryland Elementary School, Roosevelt Middle School, and Vista High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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Jonathan Mitchell
Listing Agent
Jonathan Mitchell
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Kidder Mathews of California, Inc
(442) 419-8249