Vista Bella Apartments
Multifamily | 68 Units | $198,456/unit
Marketing description
Located in El Cajon, the Property is a well-maintained 68-unit multifamily community originally constructed in 1975. The unit mix consists of 30 studio units, 37 one-bedroom/one-bathroom units, and one three-bedroom/two-bathroom unit, with 95 surface parking spaces.
The Property has undergone several recent improvements, including upgrades to the pool area, outdoor fitness area and renovations to many unit interiors featuring vinyl plank flooring in wet areas, updated fixtures and lighting, new electrical outlets and switches, and mirrored closet doors.
Community amenities include a gated swimming pool with lounge seating, outdoor fitness equipment, gated access, a gazebo with seating, ceiling fans and Wi-Fi, community laundry facilities, leasing office, and picnic area with barbecue grills.
Vista Bella is a stabilized apartment community in a strong East San Diego County rental market with continued demand for attainable housing and immediate upside potential. Current collections are in
the 97–98% range. This property performs!
Investment highlights
- 68-unit multifamily investment opportunity with immediate upside
- Well-maintained multifamily community originally constructed in 1975
- Recent improvements including upgrades to pool area, outdoor fitness area and unit renovations
- Unit upgrades featuring vinyl plank flooring in wet areas, updated fixtures and lighting, new electrical outlets and switches, and mirrored closet doors
- Stabilized apartment community in strong East San Diego County rental market
- Continued demand for attainable housing and long-term upside potential
- Current collections are in the 97-98% zone
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