900 Phillips Street, Vista, CA 92083 | MLS #NDP2401713 | Willis Allen Real Estate
 
  • 43 days on site
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The Pine View Apartments, a 59-unit multifamily investment opportunity located in Vista, CA. Built in multiple phases between 1964 and 1973, The Pine View Apartments has been held by the same family for multiple decades and is ready for fresh capital and new management to complete full interior and exterior renovations with significant value add opportunities in management, landscaping, amenities, operations, expenses, and income. Situated on over 3.5 acres and across four contiguous parcels, The Pine View Apartments is located just off the Civic Center exit of the 78 Freeway. Centrally located between the 5 and 15 Freeways, tenants can conveniently drive to the 15 Freeway (11.8 miles) and the 5 Freeway (8.1 miles), allowing access to two major San Diego County arteries for both north and south bound travel. Directly next door to The Pine View Apartments is the Sprinter light rail station, with convenient access to downtown Escondido to the east and Oceanside Transit Center to the west. The investment opportunity comprises of a unit mix of (1) studio, (30) one bedroom, one bath units and (25) two-bedroom one bath units, and (3) two-bedroom two bath units. The units at the Pine View Apartments are mostly classic style units, maintained and repaired as necessary on each turnover. However, over the past twenty-four months, ownership has upgraded a total of thirteen units: (9) one bedroom one bath units, (3) two bedroom, one bath units, and (1) two bedroom, two bath unit. All units include very modest upgrades of vinyl plank flooring in the kitchen and baths, along with new cabinets, and appliances. All the units are electric and offer larger than average floor plans with an estimated 695 square foot one-bedroom units, and the two-bedroom units ranging from 950, 1,000, 1,025 and 1,300 square feet. Most, if not all, units feature large balconies, patios or yards. The property features 44 garages, plus 70+/- surface and car ports for the tenants, this building is fully parked along with multiple handicap parking spots recently installed. Other amenities include approximately three laundry rooms, a community pool, and lush landscaping. The new owner can maximize this exceptional opportunity with renovations of interior, exterior, landscaping, amenities, building a leasing office/gym/storage/ADUs, adding wash/dryer to units, bike storage, EV charging, along with adding additional income through pet rent, storage, RUBS and more. Please contact listing agents for more information.

Listed by:

Lee & Associates

Source: CRMLS, MLS#: NDP2401713

  • Property Type
    ResidentialIncome
  • Lot
    3.58 Acres
  • Price / Sq Ft
    $328

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Willis Allen Real Estate
  • Median Age
    33
  • Population Density
    7,058
  • College Educated
    27%
  • Estimated Median Monthly Income
    $68,551
  • Estimated Total Home Owners
    5,479
  • Estimated Total Renters
    6,071
  • Owner / Renter Divide
    47% / 53%
  • Estimated Average Household Size
    3
  • Total Population
    39,276
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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$ %
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*Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Life at 900 Phillips Street


Schools

2
Bella Mente Montessori Academy
  • Grades: KG-8
  • Public
1
Bobier Elementary
  • Grades: KG-5
  • Public
4
Breeze Hill Elementary
  • Grades: KG-5
  • Public
4
Casita Center for Science/Math/Technology
  • Grades: KG-5
  • Public
2
Grapevine Elementary
  • Grades: KG-5
  • Public
2
Guajome Learning Center
  • Grades: KG-12
  • Public
5
Guajome Park Academy Charter
  • Grades: KG-12
  • Public
1
Hannalei Elementary
  • Grades: KG-5
  • Public
3
Suncoast Preparatory Academy
  • Grades: KG-12
  • Public
1
Vista Academy of Visual and Performing Arts
  • Grades: KG-5
  • Public
2
Bella Mente Montessori Academy
  • Grades: KG-8
  • Public
2
Guajome Learning Center
  • Grades: KG-12
  • Public
5
Guajome Park Academy Charter
  • Grades: KG-12
  • Public
3
Suncoast Preparatory Academy
  • Grades: KG-12
  • Public
3
Vista Innovation and Design Academy
  • Grades: 6-8
  • Public
2
Guajome Learning Center
  • Grades: KG-12
  • Public
5
Guajome Park Academy Charter
  • Grades: KG-12
  • Public
1
North County Trade Technical High
  • Grades: 9-12
  • Public
3
Suncoast Preparatory Academy
  • Grades: KG-12
  • Public
School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

History

Date Event Value Agent
3/1/2024Source: CRMLS Added to Database
March 01, 2024
3/1/2024Source: bridgeMLS Added to Database
March 01, 2024