$1,750,000 Est. $6,444 / mo.*

101 Santa Clara Drive Vista , CA 92083

Property listed by Berkshire Hathaway HomeServices California Properties, Justice Rodgers {attribution_contact}

Description

3 Beds
1 Bath
1,008 Sqft
Status: Active
Property Type: Single Family Residence
Year Built: 1923
Days on Website: 56
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.

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Christopher Lechner

(562) 972-0388