Calling all developers! An exceptional opportunity awaits at 101 Santa Clara Drive in Vista. This rare offering consists of two parcels that are to be sold concurrently: Parcel #164-053-18-00 and Parcel #164-053-16-00 totaling 2.26 acres. With favorable zoning through SB-9, this property presents the perfect canvas to bring your development vision to life on a prime hilltop location with 180 degree views and convenient access to key highways. An added bonus is the assumable 5% interest-only note, providing incredibly ideal financing as your project moves through the City’s approval process. Fully rented on a 3 year lease with 3% annual increases, the rental income provides a $1000 monthly surplus, ensuring a smooth transition for any developer looking to capitalize on this ideal opportunity.
MLS# | 240023151SD |
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Listing Type | For Sale |
Style | House |
Sub-Type | Resale |
Status | Active |
Year | 1923 |
Days On Site | 34 |
Listing Provided By | Berkshire Hathaway HomeServices California Properties 858-945-1316 | Justice Rodgers |
Bed(s) | 3 |
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Bath(s) | 1 Total |
SQ Feet | 1,008 |
Story(s) | 1 |
Zoning | R-1 |
State | CA |
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County | San Diego |
City | Vista |
Zip Code | 92083 |
Area | 92083 Vista |
Listing VS Median (in 92083) | |
Price: $1,750,000 low | high Med: $777,450 SqFt: 1,008 low | high Med: 1,793 $ / SqFt: $1,736 low | high Med: $474 On Site: 34 low | high Med: 9.000000 |