1741 Ishihara
Vista, CA 92084

  • – beds
  • – baths
  • 37,026 sqft
  • ~3/4 acre lot
  • $105 per sqft
  • on site

5 (almost) finished lots on Anza, all 1/2 acre or larger. Each lot can be sold separately for $950,000 The 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 lots Each of the remaining 4 lots are approvable for the same exact development. Basis of value: House Rent = $5000 per month; ADU rent = $2000 per month Total rent for the (4) units on each lot = $14,000 per month X 5 lots = $70,000 per month X 12 months = $840,000x.75 = 630,000 Net Operating Income 5% cap rate = $12,600,000 value of 20 units total/4 on each lot

bridgeMLS logo Listing courtesy of BRIDGE / Lee and Associates

Last checked: Checking… • Last updated Apr 1, 2024 •

MLS# CRPI24056462 —

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Sale history

Date Event Source Price % Change
4/1/24
Price Changed BRIDGE $3,900,000 -11.4%
3/21/24
Listed / Active BRIDGE $4,400,000

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Listing provided by broker:

Steven Relth

Lee and Associates

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This land located in Vista, CA 92084 is currently for sale for $3,900,000. 1741 Ishihara is a 37,026 square foot land with – beds and – baths that has been on Estately for 49 days. This land is in the attendance area of Vista High School, Mission Meadows Elementary School, and Roosevelt Middle School.

bridgeMLS logo Listing courtesy of Lee and Associates

bridgeMLS logo Listing Courtesy of: BRIDGE, data current as of 09:48 on May 09.

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