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Nancy DuShane-Bank
714-337-4240
FOR SALE
$3,900,000
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1741 Ishihara
Vista, CA 92084

Land
Land Lot
0.85
Acre Lot
Listing Agent: Steven Relth CalDRE: 00674642 - Lee and Associates, 619-517-6429; ; 

Description for 1741 Ishihara Vista, CA 92084

Home> California> Vista> 92084
5 (almost) finished lots on Anza, all 1/2 acre or larger.Each lot can be sold separately for $950,000The city has processed one of the 5 lots for the following development:(2) homes, 2,200 square feet each(2) ADU's (upstairs + downstairs)Total 10 home + 10 ADU's on these lotsEach of the remaining 4 lots are approvable for the same exact development.Basis of value:House Rent = $5000 per month; ADU rent = $2000 per monthTotal rent for the (4) units on each lot = $14,000 per monthX 5 lots = $70,000 per month X 12 months = $840,000x.75 = 630,000 Net Operating Income5% cap rate = $12,600,000 value of 20 units total/4 on each lot

Property Details

PI24056462
Land Lot - Land, Other
San Diego
0.85 Acres
Public
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Listing Agent: Steven Relth CalDRE: 00674642 - Lee and Associates, 619-517-6429; ; 
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Based on information from CRISNet MLS as of 4/27/2024. 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.
This content last refreshed on 4/27/2024 2:39 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

Nancy DuShane-Bank

Office Address

Re/Max Discover
160 S. Old Springs Rd. #105
Anaheim, CA 92808
714-267-6094

Contact

714-337-4240
ndbank@earthlink.net
DRE# 01134869
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