1626 N Santa Fe Ave
Vista, CA 92083
Villa Santa Fe · Multifamily Property For Sale · 58 Units

The Zorbas Group, as the exclusive listing agent, is pleased to present the opportunity to acquire Villa Santa Fe & Pond Place Apartments. Villa Santa Fe is a thirty-four unit multi-family community constructed in 1978 & Pond Place is a twenty-four unit multi-family community constructed in 1972. The two properties are in the City of Vista, California on respectively separate and contiguous parcels totaling a spacious 2.76 acres. This offering features a combined unit mix of (18) Two Bedroom / Two Bath, (6) One Bedroom / One Bath, and (34) Studio apartments. Investors are provided the option of purchasing the two properties together or they can be purchased individually. Acquiring the buildings together allows investors the distinct advantage of selling the buildings off separately to capitalize on future opportunities. The very well-maintained properties feature lush mature landscaping, a community gazebo & barbecue area, remote parking access with open and carport parking, pedestrian gated entry, on-site laundry facilities, and additional storage. The spacious and functional ?oorplans are well appointed and provide additional storage and private patios and balconies. The City of Vista, located along North San Diego County’s 78 Corridor, is home to over 102,000 residents spread across 30,150 households. Since 2010, the City has grown by 8% - a rate higher than the San Diego region as a whole and has earned a spot as the 7th fastest growing city in the region. With more than 21.3 million square feet of commercial, retail, and industrial space, Vista is also home to high tech manufacturing and R&D. Similar to many cities across San Diego County, Vista is also experiencing major infrastructure and commercial developments, from new businesses to hip restaurants, to popular local breweries, all of which are completely revamping the look and feel of Vista and transforming it into a more vibrant destination. As a result, Vista is gaining deserved recognition for its planning efforts. Notably, for the nearby Paseo Santa Fe Corridor Streetscape Project which is a vital component in the regeneration of the Vista downtown landscape and the backbone of the Vista Downtown Speci?c Plan. Villa Santa Fe & Pond Place Apartments are ideal for any investor seeking to experience strong operations in a sound investment with proven occupancy history and considerable rental upside. The properties are being offered free and clear of existing debt and the Seller is open to Owner Financing.