- $3.9M Price
- 37,026 Sqft
- .85 Acres
- 12 DOM
1741 Ishihara
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
Essential Information
- MLS® #PI24056462
- Price$3,900,000
- Square Footage37,026
- Acres0.85
- TypeLot / Land
- StatusACTIVE
Community Information
- Address1741 Ishihara
- AreaVISTA (92084)
- CityVISTA
- CountySan Diego
- StateCA
- Zip Code92084
Amenities
- UtilitiesElectric
Additional Information
- Date ListedMarch 20th, 2024
- Days on Market12
Listing Details
- OfficeLee and Associates
Lee and Associates.
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Listing information last updated on April 29th, 2024 at 7:00am PDT.