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162 Terracina Way, Vista, CA 92083
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162 Terracina Way Vista, CA 92083

$1,995,000
  • 8 Beds
  • 6 Baths
  • 3,585 Sq.Ft.
For Sale
$1,995,000 Get Pre-Qualified
Map preview of 162 Terracina Way, Vista, CA 92083

Property Overview: 162 Terracina Way Vista, CA has 8 bedrooms, 6 bathrooms, 3,585 living square feet and 11,207 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Fully rented! Almost $11k/mo income. Rare turn-key cash flow and development opportunity. This 4 unit property has been meticulously and thoughtfully renovated. Live in one and rent out the others! Close to high-end retail, transit, Paseo Santa Fe, and historic Downtown Vista. Every unit features brand new kitchens with new stainless steel appliances, stacked washer and dryer, luxury bathroom finishes, durable flooring, modern layouts, and more. Each unit has its own electric meter. Brand new HVAC, water heaters, windows, doors, roofs, landscaping, concrete, plumbing, wiring, and more. The 7-bay garage could be partitioned and doored for additional revenue. Downtown Zoning (Transit) overlay allows multiple uses and residential up to 10 units on this parcel (40 units per acre - see attached documents).

Listed by Trevor Smith | BRE #01700986 | Engel & Volkers Carlsbad
Last checked: 9 minutes ago | Last updated: September 14th, 2024 | Source CRMLS | DOM: 125

Home details

Lot Sq. Ft
11,207
HOA Dues
$0/mo
Year built
1978
Garage
7 Car
Property Type:
Multi Family
Status
Active
MLS#
NDP2404280
City
Vista
County
San Diego
Time on Site
124 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 0
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 7
  • Garaged Attached? No
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Actual Rent: $2,650
  • Total Rent: $2,650
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 3
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Actual Rent: $2,650
  • Total Rent: $2,650
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 4
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Actual Rent: $2,795
  • Total Rent: $2,795
  • Pro Forma/Market Rent: $2,850
Unit Breakdown 5
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Actual Rent: $2,845
  • Total Rent: $2,845
  • Pro Forma/Market Rent: $2,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.25%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $131,340
  • Net Operating Income: $0
  • Gross Operating Income: --
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $4,800
  • Water/Sewer: $1,485

Open Houses for 162 Terracina Way

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Property Details for 162 Terracina Way

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Electric, Ductless
Heating Information
  • No Heating
Laundry Information
  • Has Laundry
  • Dryer Included, Inside, Stackable, Washer Included
Fireplace Information
  • No Fireplace
Kitchen Information
  • No Appliances
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • No Fence
  • No Spa
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 7
  • # of Parking Spaces: 17
  • No
Lot Information
  • Lot Features: 36-40 Units/Acre, Landscaped, Level with Street, Lot 10000-19999 Sqft, Level, Near Public Transit
  • Lot Size Source: Assessor
Property Information
  • No View
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 1633322200
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
Assessment Information
  • Has Assessments
  • Assessments: Buyer to Verify, Sewer Assessments
Location / Neighborhood
Location Information
  • Directions: From 78: Vista Village to Olive Ave. Left on Goetting Way. Right on Terracina. From E Vista Way: Vista Village to Terracina Way
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Vista Agent

Sale History for 162 Terracina Way

Last sold for $1,310,000 on December 13th, 2023

  • May, 2024

  • May 17, 2024

    Date

    Active

    CRMLS: NDP2404280

    $1,995,000

    Price

  • December, 2023

  • Dec 13, 2023

    Date

    Sold

    CRMLS: 230022444SD

    $1,310,000

    Price

  • Nov 15, 2023

    Date

    Active

    CRMLS: 230022444SD

    $1,200,000

    Price

  • Listing provided courtesy of CRMLS

    Discover an exceptional 4-unit investment property nestled near Vista Village. Offering diverse living spaces—(1) 2-bed/1-bath, (2) 2-bed/2-bath, and (1) 1-bed/1-bath—this gem ensures a steady rental income. Perfectly located near restaurants, bars, and transport hubs, it guarantees convenience for tenants and maximizes returns. Boasting shared yards, in-unit laundry, and garages, it's a tenant's dream. With versatile investment potential for renovation, flip, or redevelopment, this property exceeds expectations in the Southern California market, averaging $2,750/month rent. Explore this opportunity firsthand; your investment journey begins here! Potential to easily convert the 2 bedroom/1 bath and 1 bedroom/1bath units to a 3 bedroom/ 2 bath fully detached single unit.

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Tax History for 162 Terracina Way

Assessed Value (2020): $235,070
Year Land Value Improved Value Assessed Value
2020 $52,894 $182,176 $235,070

Home Value Compared to the Market

This property vs the competition

162 Terracina Way is listed 121.95% higher than the median list price for the city of Vista which has a median list price of $898,835. The median price per/sqft for Vista is $519 and this home is listed at $556.49 per/sqft which puts the price per square foot 7.22% higher than the median price per square foot for the city of Vista.

About 162 Terracina Way

Detailed summary of property

162 Terracina Way is a multi family located in Vista, CA 92083 and is currently for sale. This multi family property offers 8 bedrooms, 6 bathrooms, roughly 3,585 living square feet, and sits on an approximately 11,207 square foot lot. 162 Terracina Way was first listed on ArdentRealEstateGroup.com on May 17, 2024. The homeowner is currently asking $1,995,000. The median priced home in Vista is $898,835 with a median price per square foot of $519. Based on Ardent Real Estate Group's Vista Market Data, this home is listed 121.95% higher than the median priced home. Local competing homes currently for sale include 402 W Fairway Dr, 756 N Shattuck Pl and 2075 N Highland St. While the average home in Vista, CA is selling in 79 days, 162 Terracina Way has a days on market of 125 days. There are currently 239 homes for sale in the Vista real estate market and 187 of them are single family homes while 36 of them are condos and 16 are townhomes. For more information on this home for sale at 162 Terracina Way Vista, CA 92083 contact Ardent Real Estate Group and we will put you in touch with one of our Vista agents.

Public Facts for 162 Terracina Way

Public county record property details
Beds
7
Baths
6
Year built
1978
Sq. Ft.
3,585
Lot Size
11,207
Stories
--
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
San Diego
Lot#
--
APN
163-332-22-00

The source for these homes facts are from public records.

92083 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$849,900
Median List Price/Sq.Ft.
$477
Median Sold Price
$616,000
Median Sold Price/Sq.Ft.
$529
Total Inventory
58
Median Sale to List Price %
99.52%
Avg Days on Market
17
Loan Type
Conventional (60%), FHA (20%), VA (0%), Cash (0%), Other (20%)

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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