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
PI24056462
Land, Other
San Diego
0.85
Acres
Public
Vista
Electricity Available
Exterior / Lot Features
- Parking
- 0 Covered Parking Spaces.
- Lot View
- City
- Zoning
- R1
- Additional Exterior/Lot Features
- 2-5 Units/Acre.
Financial Considerations
1733502600
Cash
Arrows indicate 90 day trend
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