$18,100,000

We are pleased to present Vista Pacific apartments, a newly renovated multifamily investment opportunity located in Chula Vista, California, one of south San Diego’s county’s steadily growing market. Built in 1981, Vista Pacific Apartments is a two-story garden-style community featuring spacious one- and two-bedroom floorplans averaging 894 SF. The subject property has benefited from more than $750,000 in capital improvements completed by current ownership which includes a new roof, enhanced landscaping, the addition of two ADUs, and interior unit renovations. Community amenities include landscaped courtyard areas, BBQ and picnic spaces with pergolas, assigned parking, and dog run. Interior units features include stainless-steel appliance packages, updated cabinetry, quartz countertops, in unit washer and dryer, with approximately 84% of units having been renovated and achieving premiums compared to their classic counterparts. Flooring consists of a mix of vinyl-plank flooring and carpet in select units. The units are further enhanced by air conditioning and heating with private outdoor spaces including balconies and fenced patios in select layouts. Vista Pacific Apartments is situated within an established residential neighborhood near Downtown Chula Vista surrounded by Third & Moss Shopping Center, San Diego Country Club, Plaza Chula Vista, and Chula Vista High School. Also located just 2.2 miles north is Downtown Chula Vista, a growing urban district known for its convenient access to shopping, dining, entertainment, schools, parks, and essential services.