162 Terracina Way

Vista, CA 92083

$1,995,000
Price
8
Beds
3,585 Sq. Ft.
$556 / Sq. Ft.
3,585
Sq. Ft.
$556
per Sq. Ft.

Description

Fully rented! Almost $11k/mo income. Rare turn-key cash flow and development opportunity. This 4 unit property has been meticulously and thoughtfully renovated. Live in one and rent out the others! Close to high-end retail, transit, Paseo Santa Fe, and historic Downtown Vista. Every unit features brand new kitchens with new stainless steel appliances, stacked washer and dryer, luxury bathroom finishes, durable flooring, modern layouts, and more. Each unit has its own electric meter. Brand new HVAC,...Fully rented! Almost $11k/mo income. Rare turn-key cash flow and development opportunity. This 4 unit property has been meticulously and thoughtfully renovated. Live in one and rent out the others! Close to high-end retail, transit, Paseo Santa Fe, and historic Downtown Vista. Every unit features brand new kitchens with new stainless steel appliances, stacked washer and dryer, luxury bathroom finishes, durable flooring, modern layouts, and more. Each unit has its own electric meter. Brand new HVAC, water heaters, windows, doors, roofs, landscaping, concrete, plumbing, wiring, and more. The 7-bay garage could be partitioned and doored for additional revenue. Downtown Zoning (Transit) overlay allows multiple uses and residential up to 10 units on this parcel (40 units per acre - see attached documents).
  1. Listed by Trevor Smith • DRE #01700986 • Brokerage DRE #02105093 • Engel & Volkers Carlsbad • trevor.smith@evrealestate.com

Property Details for 162 Terracina Way

Parking Spaces Total
17
Private Pool
No
Cooling Type
Central Forced Air
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3585
Assessor Parcel Number
163-332-22-00
LISTING UPDATED: 11/01/2024 04:35 AM

Property Details for 162 Terracina Way

StatusActive
MLS #NDP2409671
Days on Market49
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1978
Lot Size0.26 AC / 11,207 SF
CountySan Diego County

Building Information for 162 Terracina Way

Stories2Residences-Year Built1978Building Size-Lot Size0.26 AC / 11,207 SF

Property Information for 162 Terracina Way

Income / Expense / Tax Details
Income Details
  • Gross Income: $131,340
  • Gross Scheduled Income: $131,340
  • Net Operating Income: $0
  • Cap Rate: 6.25
Expense Details
  • Operating Expense: $0
  • New Taxes Expense: $0
  • Fuel Expense: $0
  • Insurance Expense: $4,800
  • Trash Expense: $0
  • Water Sewer Expense: $1,485
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Area: 12241
  • Tax Block: Pm00826
  • Tax Tract Number: PM0082
  • CFD/Mello-Roos Fee: $1,565
  • Tax Lot: unknown
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify, Sewer Assessments
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Dryer Included, Inside, Stackable, Washer Included
Exterior Features
  • Entry Location: Exterior
  • Fence: No
  • Property Condition: Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 36-40 Units/Acre, Landscaped, Level with Street, Lot 10000-19999 Sqft, Level, Near Public Transit
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: Two
  • Sewer: Public Sewer
Parking Info
  • Garage Spaces: 7
  • Parking: No
  • Uncovered Spaces: 10
  • Open Other Spaces Total: 10
  • Parking Garage Spaces: 7
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,795
  • Unit Type Total Rent: $2,795
  • Unit Type Pro Forma: 2850
  • Unit Type Type: 1
Unit 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,845
  • Unit Type Total Rent: $2,845
  • Unit Type Pro Forma: 2850
  • Unit Type Type: 2
Unit 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,650
  • Unit Type Total Rent: $2,650
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 3
Unit 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,650
  • Unit Type Total Rent: $2,650
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Number With Disposal: 4
  • Number With Drapes: 0
  • Number With Patio: 4

Property History for 162 Terracina Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 162 Terracina Way

Taxable ValueLand$910,000Additions$400,000Total$1,310,000
Tax Record2024$15,804 ($1,317 / month)
Home Facts
Total Finished SqFt3,585 SqFtAbove Grade Finished SqFt3,585 SqFtLot Size11,207 SqFtStyleMulti-Family Dwelling (2-4)Year Built1978ZoningR-1:SINGLE FACountySAN DIEGOAPN163-332-22-00

Schools near 162 Terracina Way

This home is within Vista Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Breeze Hill Elementary School
PublicK to 5

Madison Middle School
Public6 to 8

Rancho Buena Vista High School
Public9 to 12

California Avenue Elementary School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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162 Terracina Way is a multi-family home for sale in Vista, CA 92083. This property was listed for sale on May 17, 2024 by Engel & Volkers Carlsbad, it's currently listed at $1,995,000. It has been on the market for a total of 49 days and was last sold on December 13, 2023. This listing's school district is Vista Unified School District. Nearby schools include Breeze Hill Elementary School, Madison Middle School and Rancho Buena Vista High School. 162 Terracina Way is a 8-bed, 0-bath, 3,585 sqft multi-family home built in 1978.

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Listing Courtesy of Engel & Volkers Carlsbad, Trevor Smith, DRE #01700986

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