Property Details
Property Name
380 Plymouth Dr
Address
380 Plymouth Dr, Vista, CA 92083
Asking Price
$12,500,000
Units
62
Building Size
27,168 SF
Property Type
Multifamily
Cap Rate
—
Price Per Unit
$201,613
Status
Active
Broker
South Coast Commercial
Investment Opportunity
South Coast Commercial is pleased to present 380 Plymouth Drive, a 32-unit apartment community built in 1986 on a 63,000 SF lot. The property contains (19) 950 SF 2-bed/2-bath units, (13) 750 SF 1-bed/1-bath units, 32 covered carports, and 19 open parking spaces. Overall, the property is in excellent condition and has been meticulously cared for; recent upgrades include resealing of balconies and installation of new roof underlayment.
This is a significant value-add opportunity with upside in current rents and development potential. Most tenants are on month-to-month leases at rates well below market. 380 Plymouth Drive is a short 15-minute walk to some of Vista's best restaurants and shopping, with convenient access to SR-78 and a short drive to local beaches.
Why This Property
Strong in-place income
High-demand urban corridor
Rental upside potential
Limited competing inventory
Suitable for 1031 exchange
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