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In-PersonVirtual Tour
$ 22,000,000
Est. payment | /mo
2.24 Acres Lot
$ 22,000,000
Est. payment | /mo
2.24 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 240020535SD
HOA Y/N No
Lot Size 2.240 Acres
Property Description
CALL FOR OFFERS on Thursday, October 10th! We are proud to present the opportunity to acquire Mission View Apartments, a 57-unit apartment community in San Marcos, California. Built in 1988, the subject is a well-maintained, garden-style community with 57 apartment homes. Mission View Apartments consists entirely of two-bedroom floor plans (except one 1bd/1.5ba) with community amenities including common laundry facilities and a leasing office. The property has abundant on-site parking with 127 total spaces including 57 carport spaces. Mission View Apartments offers very attractive assumable financing. The property comes with an assumable Fannie Mae interest-only loan at a fixed rate of 4.89% until July 2032. Given that current interest rates are significantly higher, this financing option allows a buyer to improve their cash-on-cash return both in the short term and long term. To download the OM or get access to due diligence information, please visit www.missionviewapts.com
Location
State CA
County San Diego
Area 92069 - San Marcos
Interior
Fireplace No
Exterior
Carport Spaces 57
Total Parking Spaces 127
Others
Tax ID 2201307800
Listed by Eric Comer • Eric D. Comer, Broker
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
232 W Olive Ave #20, la Habra, California, 90631, USA