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33691147
33707557

322 Hillside Terrace, Vista, CA 92084

GW
CA 01919292
TWG Commercial - The Weddle Group
Listed by TWG Commercial - The Weddle Group
$9,750,000
2 days on market
Updated 2 days ago

322 Hillside Terrace

Details
Property Type Retail, Multifamily
Sub Type Apartment Building
Square Footage 27,232
Net Rentable (SqFt) 27,232
Units 50
Cap Rate 5.03%
NOI $490,897
Occupancy 90%
Tenancy Multi
Pro-Forma Cap Rate 6.52%
Pro-Forma NOI $635,666
Class B
Year Built 1988
Year Renovated 2018
Buildings 4
Acreage 1.520
Zoning R-3 Multifamily
Parking Spaces 50 spaces
Parking Per SqFt 1.84
Investment Type Stabilized
Ground Lease No
Sale Condition For sale by owner

Built in 1988 and Extensively Renovated in 2018. Priced Competitively.

Marketing description

The Weddle Group of TWG Commercial is pleased to present for sale Hillside Terrace Apartments, a

32-unit multifamily community located at 322 Hillside Terrace in the heart of Vista, California.

Constructed in 1988, the property has benefited from significant capital improvements, with

approximately 85% of the unit interiors comprehensively renovated in 2018. Upgraded residences

feature modern kitchens, stainless steel appliances, quartz countertops, renovated bathrooms, and

durable vinyl plank flooring. This offering presents investors with a compelling combination of

stable in-place income and a straightforward opportunity for continued growth.

Ideally situated within walking distance of Downtown Vista and Paseo Santa Fe which completed a

full revitalization in 2020. The property enjoys convenient access to a vibrant mix of restaurants,

retail, breweries, and entertainment venues in one of North County San Diego’s most dynamic

urban districts.

The unit mix consists of twenty-four spacious two-bedroom, two-bathroom apartments and eight

large one-bedroom, one-bathroom apartments. Each residence includes a private patio or balcony

with an individual storage closet.

Residents enjoy a thoughtfully renovated common area featuring outdoor barbecue stations,

shaded patio dining, a quartz-topped fire pit gathering space, and professionally landscaped

grounds. Additional amenities include a modern on-site laundry facility, ample parking, and

controlled gated access.

Under no circumstances should the property be entered or tenants disturbed. All inquiries and

requests for information must be directed exclusively to the listing agent, Gary Weddle.

Investment highlights

• Built in 1988 and Extensively Renovated in 2018

• Priced Competitively at $35k to $71k Per Unit Less Than

Current On-Market Comparables

• Centrally Located within Walking Distance to Revitalized

Downtown Vista and Paseo Santa Fe

• Current Rents $300-$400 Under Market on Fully Renovated

Units

• Well Balanced Mix of Large 2 Bedrooms and 1 Bedrooms

• All Units Have Private Balconies or Patios with Storage

• Fully Remodeled Common Area with Outdoor Grilling Station

• Only 9 miles from Pristine California Beaches

• Upgraded On-Site Laundry Room

• Ample Off-Street Parking

• Pitched Roofs

• 5 On-Site Storage Units

• Decks & Balconies Passed SB-721 Inspection

Listing Contacts

GW
CA 01919292
TWG Commercial - The Weddle Group
Listed by TWG Commercial - The Weddle Group

Valuation Calculator

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$490,897.00
$40,908.08/mo

Valuation Metrics

0
DSCR
5.03%
Cap Rate
5.03%
ROI

Map

Zoning

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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Gary Weddle
License
01919292
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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