628 w california ave · vista, ca 92083 class c apartments building 22 units of 17,072 sf sold on...

628 W California Ave

Las Brisas ApartmentsVista, CA 92083

Class C Apartments Building 22 Units of 17,072 SF Sold on11/9/2015 for $3,250,000 - Research Complete

buyer

Charles Speck3276 Highland DrCarlsbad, CA 92008(760) 917-0103

James D Knox Trust 06-04-991758 Elevado RdVista, CA 92084(619) 941-5509

seller

vital data

Sale Date: 11/9/2015

Days on Market: 95 days

Exchange: Yes

Conditions: 1031 Exchange

0 Bedroom: 0

1 Bedroom: 9/41% (1 + 1)

2 Bedroom: 13/59% (2 + 1)(2 + 2)

3 Bedroom: 0

Other: 0

Land Area SF: 62,291

Acres: 1.43

$/SF Land Gross: $52.17

Year Built, Age: 1980 Age: 35

Parking Spaces: 36

Parking Ratio: 1.64/Unit

FAR 0.27

Lot Dimensions: -

Frontage: -

Comp ID: 3435033

Sale Price: $3,250,000

Status: Confirmed

Building SF: 17,072 SF

Price/SF: $190.37

Pro Forma Cap Rate: -

Actual Cap Rate: 4.40%

Price/Unit: $147,727

No Units: 22

GRM: 12.78

Down Pmnt: $1,137,500

Pct Down: 35.0%

Doc No: 0583039

Trans Tax: $3,575

Corner: No

Zoning: -

Percent Improved: 70.3%

Submarket: Vista MF

Property Type: Multi-Family

Parcel No: 163-420-01-00

Map Page: -

Escrow/Contract: 70 days

income expense data

$25,920

$25,920

Total Expenses

- Operating Expenses

- TaxesExpenses

Listing Broker

DP Properties144 W D StEncinitas, CA 92024(760) 230-6659Dave Plutner

Buyer Broker

No Buyer Broker on Deal

financing

1st Sunwest Bank

Bal/Pmt: $600,000

UNIT MIX AT TIME OF SALECopyrighted report licensed to ACI Commercial - 462420. 4/16/2016

Bed/Bath # % Avg SF Vacant Min/Unit Max/Unit Min/SF Max/SF Min/Unit Max/Unit Min/SF Max/SF %

UNIT MIX AT TIME OF SALE

Units Asking Rent Effective Rent Concessions

1/1.0 8 36.4 700 - $850 $875 $1.21 $1.25 - - - - -

1/1.0 1 4.5 500 - $700 $700 $1.40 $1.40 - - - - -

2/1.0 7 31.8 800 - $900 $975 $1.13 $1.22 - - - - -

2/2.0 6 27.3 950 - $1,150 $1,175 $1.21 $1.24 - - - - -

Copyrighted report licensed to ACI Commercial - 462420. 4/16/2016

321 Hillside Ter

Vista, CA 92084


buyer

Kuhio Partnership353 Point Windemere PlOceanside, CA 92057(760) 295-2237

Ashwani K Kaura504 Roja DrOceanside, CA 92057

seller

vital data

Sale Date: 4/7/2015


Exchange: No

Conditions: -

0 Bedroom: 0

1 Bedroom: 5/71% (1 + 1)

2 Bedroom: 2/29% (2 + 1)

3 Bedroom: 0

Other: 0


Acres: 0.34



Parking Spaces: 18


FAR 0.35

Lot Dimensions: -

Frontage: -

Comp ID: 3274326


Status: Confirmed


Price/SF: $211.54




No Units: 7

GRM: 12.41

Down Pmnt: $312,500

Pct Down: 28.4%

Doc No: 0163744

Trans Tax: -

Corner: No

Zoning: R3, Vista


Submarket: Vista MF


Parcel No: 175-191-04-00

Map Page: Thomas Bros. Guide 1087-H6

Escrow/Contract: -

income expense data

$13,513

$13,513

Total Expenses


- TaxesExpenses

Cash Flow

$59,920

- Capital Expenditure

- Debt Service

Net Operating IncomeNet Income

Listing Broker

Marcus & Millichap4660 La Jolla Village DrSan Diego, CA 92122(858) 373-3100Aaron Bove

Buyer Broker


prior sale

Date/Doc No:

Sale Price:

CompID:

10/24/2003

$790,000

815335

financing

1st JP Morgan Chase Bank





1/1.0 5 71.4 700 - $999 $999 $1.43 $1.43 - - - - -

2/1.0 2 28.6 850 - $1,262 $1,262 $1.48 $1.48 - - - - -


422-428 Massachusetts Ave

Vista, CA 92084

Class C Apartments Building 6 Units of 5,466 SF Sold on10/8/2015 for $938,000 - Research Complete

buyer

Walsh-sorensen Family Trust20952 Monarch LnHuntington Beach, CA 92646

seller

vital data



Exchange: No

Conditions: -

0 Bedroom: 0

1 Bedroom: 0

2 Bedroom: 5/83% (2 + 2)(2 + 1)

3 Bedroom: 1/17% (3 + 2)

Other: 0


Acres: 0.34



Parking Spaces: -

Parking Ratio: -

FAR 0.36

Lot Dimensions: -

Frontage: -

Comp ID: 3416828

Sale Price: $938,000

Status: Confirmed


Price/SF: $171.61

Pro Forma Cap Rate: 7.10%



No Units: 6

GRM: 12.32

Down Pmnt: $938,000

Pct Down: 100.0%

Doc No: -

Trans Tax: -

Corner: No

Zoning: -

Percent Improved: -

Submarket: Vista MF


Parcel No: -

Map Page: -

Escrow/Contract: -

income expense data

$13,249

$13,249

Total Expenses


- TaxesExpenses

Listing Broker

South Coast Commercial, Inc.3405 Kenyon StSan Diego, CA 92110(619) 226-6011Benn Vogelsang

Buyer Broker

South Coast Commercial, Inc.3405 Kenyon StSan Diego, CA 92110(619) 226-6011Gary Kaufman, Jeff Diller

financing





2/1.0 1 16.7 800 - $1,200 $1,200 $1.50 $1.50 - - - - -

2/2.0 4 66.7 900 - $1,065 $1,075 $1.18 $1.19 - - - - -

3/2.0 1 16.7 1,000 - $1,350 $1,350 $1.35 $1.35 - - - - -


410-418 Palm Dr

Vista, CA 92084


buyer

David R & Penny A Myers410 Palm DrVista, CA 92084

Esther A Daniels1116 Branding Iron DrVista, CA 92081(760) 945-6045

seller

vital data



Exchange: Yes

Conditions: 1031 Exchange

0 Bedroom: 0

1 Bedroom: 0

2 Bedroom: 5/100% (2 + 2)

3 Bedroom: 0

Other: 0

Land Area SF: 9,601

Acres: 0.22



Parking Spaces: 10


FAR 0.70

Lot Dimensions: -

Frontage: -

Comp ID: 3305312


Status: Confirmed


Price/SF: $141.22




No Units: 5

GRM: 12.30

Down Pmnt: $564,000

Pct Down: 59.4%

Doc No: 0255956

Trans Tax: -

Corner: No

Zoning: R3, Vista


Submarket: Vista MF


Parcel No: 175-221-27



income expense data

$9,115

$9,115

Total Expenses


- TaxesExpenses

Listing Broker

ACI Commercial2635 Camino Del Rio SSan Diego, CA 92108(619) 299-3000Arby Eivazian

Buyer Broker

Star Real Estate South County209 Avenida Del MarSan Clemente, CA 92672(949) 500-4951Patti Short

prior sale

Date/Doc No:

Sale Price:

CompID:

1/6/2000

$362,500

427731

financing

1st JP Morgan Chase Bank, N.A.

Bal/Pmt: $385,000





2/1.5 5 100.0 1,344 - - - - - - - - - -


150-156 Terracina Way

Vista, CA 92083

Class C Apartments Building 4 Units of 2,160 SF Sold on4/15/2016 for $576,000 - In Progress

buyer

Chavez Jorge

seller

vital data



Exchange: No

Conditions: -

0 Bedroom: 0

1 Bedroom: 4/100% (1 + 1)

2 Bedroom: 0

3 Bedroom: 0

Other: 0


Acres: 0.28


Year Built, Age: -

Parking Spaces: 8


FAR 0.18

Lot Dimensions: -

Frontage: -

Comp ID: 3567090


Status: Confirmed


Price/SF: $266.67




No Units: 4

Down Pmnt: -

Pct Down: -

Doc No: -

Trans Tax: -

Corner: No

Zoning: -

Percent Improved: -

Submarket: Vista MF


Parcel No: -

Map Page: -

Escrow/Contract: -

income expense data Listing Broker

Prime Investors Corp.640 Civic Center DrVista, CA 92084(760) 224-9283Richard Alvarez

Buyer Broker

financing





1/1.0 4 100.0 540 - - - - - - - - - -


238-308 Washington St

Washington Street TownhousesVista, CA 92084


buyer

James Duffy3138 Roosevelt StCarlsbad, CA 92008(760) 402-1116

Donald E. & Anne G. Baron

seller

vital data



Exchange: No

Conditions: -

0 Bedroom: 0

1 Bedroom: 0

2 Bedroom: 7/100% (2 + 1)

3 Bedroom: 0

Other: 0

Land Area SF: -

Acres: -

$/SF Land Gross: -


Parking Spaces: 7


FAR -

Lot Dimensions: -

Frontage: -

Comp ID: 3453236


Status: Confirmed


Price/SF: $70.58




No Units: 8

Down Pmnt: $254,500

Pct Down: 25.1%

Doc No: 0512396

Trans Tax: $1,116.50

Corner: No

Zoning: MCCPD-NP-1

Percent Improved: -

Submarket: Vista MF


Parcel No: 175-133-25-01 [Partial List]



income expense data

$5,384

$5,384

Total Expenses


- TaxesExpenses

Listing Broker

ACRE Investment Real Estate1081 Camino Del Rio SSan Diego, CA 92108(619) 255-3222Christopher Robinson

Buyer Broker


financing

1st Pacific Commerce Bank

Bal/Pmt: $760,500





2/1.0 8 100.0 - - - - - - - - - - -


703 Windsor Ct

Vista, CA 92084


buyer

Vista International3265 17th StSan Francisco, CA 94110(831) 372-7576

Vergil Bell TrustPO Box 8336Rancho Santa Fe, CA 92067(619) 297-7330

seller

vital data

Sale Date: 1/8/2015


Exchange: No

Conditions: -

0 Bedroom: 0

1 Bedroom: 4/80% (1 + 1)

2 Bedroom: 1/20% (2 + 1)

3 Bedroom: 0

Other: 0

Land Area SF: 9,300

Acres: 0.21



Parking Spaces: 8


FAR 0.41

Lot Dimensions: -

Frontage: -

Comp ID: 3208451


Status: Confirmed


Price/SF: $163.27




No Units: 5

GRM: 10.90

Down Pmnt: $625,000

Pct Down: 100.0%

Doc No: 0008767

Trans Tax: $687.50

Corner: No

Zoning: R-3


Submarket: Vista MF


Parcel No: 176-152-01

Map Page: Thomas Bros. Guide 1087-J6


income expense data

$8,276

$8,276

Total Expenses


- TaxesExpenses

Listing Broker

Cushman & Wakefield4350 La Jolla Village DrSan Diego, CA 92122(858) 546-5400Ray Adams, Clark Rorbach

Cushman & Wakefield1000 Aviara PkyCarlsbad, CA 92011(760) 431-4200William Creagan

Buyer Broker

Pacific Shore Capital3160 Camino Del Rio SSan Diego, CA 92108(619) 220-0333Krystle Moore

prior sale

Date/Doc No:

Sale Price:

CompID:

6/30/2010

$505,000

1944340

financing





1/1.0 4 80.0 695 - $825 $900 $1.19 $1.29 - - - - -

2/1.0 1 20.0 940 - $1,175 $1,175 $1.25 $1.25 - - - - -


707 Windsor Ct

Vista, CA 92084


buyer

Vista International Inc3160 Camino Del Rio SSan Diego, CA 92108

Palace Enterprises LLCPO Box 8336Rancho Santa Fe, CA 92067

seller

vital data

Sale Date: 1/8/2015


Exchange: No

Conditions: -

0 Bedroom: 0

1 Bedroom: 3/60% (1 + 1)

2 Bedroom: 2/40% (2 + 1)

3 Bedroom: 0

Other: 0

Land Area SF: 7,841

Acres: 0.18



Parking Spaces: 7


FAR 0.44

Lot Dimensions: 57x137

Frontage: -

Comp ID: 3208454


Status: Confirmed


Price/SF: $194.02




No Units: 5

GRM: 10.90

Down Pmnt: $675,000

Pct Down: 100.0%

Doc No: 0008759

Trans Tax: $742.50

Corner: No

Zoning: R-3


Submarket: Vista MF


Parcel No: 176-152-23

Map Page: Thomas Bros. Guide 1087-J6


income expense data

$8,358

$8,358

Total Expenses


- TaxesExpenses

Listing Broker

Cushman & Wakefield4350 La Jolla Village DrSan Diego, CA 92122(858) 546-5400Ray Adams, Clark Rorbach

Cushman & Wakefield1000 Aviara PkyCarlsbad, CA 92011(760) 431-4200William Creagan

Buyer Broker

Pacific Shore Capital3160 Camino Del Rio SSan Diego, CA 92108(619) 220-0333Krystle Moore

prior sale

Date/Doc No:

Sale Price:

CompID:

3/15/2005

$651,000

1000599

financing





1/1.0 3 60.0 695 - $700 $875 $1.01 $1.26 - - - - -

2/1.0 2 40.0 940 - $1,000 $1,200 $1.06 $1.28 - - - - -


8Sale Price

Building Size

Price per SF

Actual Cap Rate

Days on Market

Sale Price to Asking Price Ratio 83.88%

$576,000

2,160 SF

$70.58

4.40%

42

$1,141,000

7,288 SF

$156.56

5.30%

229

95.33%

$943,500

5,333 SF

$180.99

5.43%

142

96.64%

$3,250,000

17,072 SF

$266.67

5.60%

711

101.72%

8

8

8

8

8

Gross Income Multiplier

Gross Rent Multiplier

# of Units

Price per Unit $125,000

-

10.90

4

-

12.25

8

$147,226

-

12.31

6

$146,364

-

12.78

22

$189,800

-

6

8

8

Totals

Sold Transactions $9,128,000 Total Sales Transactions:Total Sales Volume: 8

Survey Criteria

basic criteria: Type of Property - Multi-Family; Sale Date - from 1/1/2015; Sale Status - UnderContract/Pending, Sold; Exclude Non-Arms Length Comps - Yes; - Exclude All Public Record Sales

geography criteria: Zip Code - 92081, Vista, CA; 92083, Vista, CA; 92084, Vista, CA

Comps Statistics

CountHighMedianAverageLow

Quick Stats Report


Dollar Volume

Legend:

Current Survey

Sold Transactions8

$9,128,000Number of TransactionsTotal Dollar Volume

58,3053.00

Total Bldg Square FeetTotal Land in Acres

130,68062

Total Land in SFTotal Units

$1,141,0007,288

Average PriceAverage Number of SF

$156.56$180.99

Average Price Per Bldg SFMedian Price Per SF

0.4318,669

Average Number of AcresAverage Number of SF(Land)

$147,226$145,864

Average Price Per UnitMedian Price Per Unit

85.30%

Average Number of UnitsActual Cap Rate

SoldTransactions

12.25Average GRM

-Average GIM

Time Interval - Quarterly

Report Time Frame: 1/1/2015 - 4/16/2016Sale Date: from 1/1/2015

Survey Criteria



Trend Report


Trend Report

Sold Transaction Sold Transaction

1Q15 01/1-3/31/15 3Q15 07/1-9/30/15

Number of TransactionsTotal Dollar VolumeTotal Bldg Square FeetTotal Land in AcresTotal Land in SFTotal UnitsAverage PriceAverage Number of SFAverage Price Per Bldg SFMedian Price Per SFAverage Number of AcresAverage Number of SF(Land)Average Price Per UnitMedian Price Per UnitAverage Number of UnitsActual Cap RateAverage GRMAverage GIM

2Q15 04/1-6/30/15 4Q15 10/1-12/31/15

Sold TransactionSold Transaction

2$1,300,000

7,3070.39

16,98810

$650,0003,654

$177.91$178.65

0.208,494

$130,000$130,000

55.60%10.90

-

2$2,049,000

11,9200.56

24,39412

$1,024,5005,960

$171.90$176.38

0.2812,197

$170,750$173,471

65.23%12.36

-

1$1,015,000

14,380--8

$1,015,00014,380$70.58$70.58

--

$126,875$126,875

85.28%

--

2$4,188,000

22,5381.77

77,10128

$2,094,00011,269

$185.82$180.99

0.8938,551

$149,571$152,030

145.00%12.67

-

2Q16 04/1-4/16/16


Sold Transaction

1$576,000

2,1600.28

12,1974

$576,0002,160

$266.67$266.67

0.2812,197

$144,000$144,000

45.50%

--


Dollar Volume # of Transactions

Cap Rate Average Price Per SF

Legend:

Current Survey

Sold Transactions8

$9,128,000Number of TransactionsTotal Dollar Volume

58,3053.00

Total Bldg Square FeetTotal Land in Acres

130,68062

Total Land in SFTotal Units

$1,141,0007,288

Average PriceAverage Number of SF

$156.56$180.99

Average Price Per Bldg SFMedian Price Per SF

0.4318,669

Average Number of AcresAverage Number of SF(Land)

$147,226$145,864

Average Price Per UnitMedian Price Per Unit

85.30%

Average Number of UnitsActual Cap Rate

SoldTransactions

12.25Average GRM

-Average GIM

Time Interval - Quarterly

Report Time Frame: 1/1/2015 - 4/16/2016Sale Date: from 1/1/2015

Survey Criteria



Trend Report


Trend Report

Sold Transaction Sold Transaction

1Q15 01/1-3/31/15 3Q15 07/1-9/30/15


2Q15 04/1-6/30/15 4Q15 10/1-12/31/15

Sold TransactionSold Transaction

2$1,300,000

7,3070.39

16,98810

$650,0003,654

$177.91$178.65

0.208,494

$130,000$130,000

55.60%10.90

-

2$2,049,000

11,9200.56

24,39412

$1,024,5005,960

$171.90$176.38

0.2812,197

$170,750$173,471

65.23%12.36

-

1$1,015,000

14,380--8

$1,015,00014,380$70.58$70.58

--

$126,875$126,875

85.28%

--

2$4,188,000

22,5381.77

77,10128

$2,094,00011,269

$185.82$180.99

0.8938,551

$149,571$152,030

145.00%12.67

-

2Q16 04/1-4/16/16


Sold Transaction

1$576,000

2,1600.28

12,1974

$576,0002,160

$266.67$266.67

0.2812,197

$144,000$144,000

45.50%

--


628 w california ave · vista, ca 92083 class c apartments building 22 units of 17,072 sf sold on...

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