380 Plymouth Drive, Vista, CA 92083

380 Plymouth Drive, Vista, CA is a prime investment opportunity offering a blend of stability and growth potential. This multifamily property, built in 1986, comprises 32 units with a mix of 2Bed/2Bath and large 1Bed/1Bath configurations. The property hosts 30,804 rentable square feet on a 1.45-acre lot, providing ample space for residents and potential for future development. With a current purchase price of $11,750,000, the investment metrics are compelling for a future owner/operator, conservative market projections indicate easy capture of a GRM of 10.8 and a Cap Rate of 6.18% assuming all units recieve interior remodeling.

The most compelling aspect of this offering is the in-place and assumable private financing. Current loan balance is $7,300,000.00 and is serviced with 5% interest only payments , fixed for another 10 years with no pre-payment penalty.

The property's strategic location in Vista, CA, offers proximity to vibrant retail, dining, and transit options, enhancing its appeal to both tenants and investors. The projected market rents post-remodel suggest significant upside potential, making this an ideal asset for investors seeking long-term stability and growth in a thriving rental submarket. From a demographic and demand standpoint, Vista represents one of North County San Diego's most resilient and fundamentally sound multifamily markets, and is effectively a renter-majority city, with approximately 51% of households occupied by renters. This is a critical baseline indicator for multifamily investors, as it demonstrates that rental housing is not transitional or marginal in this market—it is the dominant housing choice for a substantial portion of residents. With more than 31,000 households within 3 mile radius of 380 Plymouth, and an average household size of just over three persons, demand for apartments that accommodate both working households and families is attractive from an investor standpoint , particularly well-located & modest-density properties such as Plymouth Drive.