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747 E Indian Rock Rd
North County Vista 92084

$749,000
2-4 Units 7,120 sq. ft. built: 1954

Main Photo: Property for sale: 747 E Indian Rock Rd in Vista
Photo 1: Property for sale: 747 E Indian Rock Rd in Vista
Photo 2: Property for sale: 747 E Indian Rock Rd in Vista
Photo 3: Property for sale: 747 E Indian Rock Rd in Vista
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Status:
Active
Prop. Type:
2-4 Units
MLS® Num:
240025147
Year Built:
1954
Discover an amazing investment opportunity to own this charming duplex located within walking distance of vibrant Main Street Vista!!! This well-maintained property features two turn-key 2-bedroom, 1-bathroom units, each with its own private fully fenced yard, laundry hookups, off-street parking, and single-car garages. The current owner has made several thoughtful upgrades, including newer flooring, dual-paned windows, and updated landscaping with beautiful mature trees. The front unit has long-term, stable tenants on a month-to-month lease, while the back unit has been left vacant, providing an ideal situation for owner-occupied financing or immediate rental income. This duplex is perfectly situated, just steps from groceries, restaurants, a movie theater, schools, and public transportation, with easy access to major freeways and the beach. Whether you’re looking to live in one unit and collect rental income from the other or rent both at market rates, this property offers fantastic potential and options to the new owner. You could even look into the option of adding an ADU to the property by converting the garages into a 3rd unit. Opportunities like this don’t last long, so schedule your showing today and make an offer before it's gone!!
Total Floor Area:
7,120 sq. ft.
Lot Size:
4,000-7,499 SF
Lot Size:
6,969.6 sq. ft.
Number of Buildings:
1
Number of Units:
2
Year Built:
1954
Stories:
1 Story
Total Stories:
1
Market Area:
North County
County:
San Diego
Neighborhood Code:
Vista
Name of Complex/Subdivision:
None
Home Owner Fees Include:
N/K
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Tenant pays:
Cable TV, Electricity, Gas/Propane
Projected net operating income:
38048
Other income:
0
Projected other income:
0.0
Annual expense actual:
17225
Projected annual expense:
17225
Cap Rate.:
3.41
Projected Cap Rate.:
5.08
Gross Rent Multiplier:
17.17
Projected Gross Rent Multiplier:
13.28
Gross scheduled income:
43620
Projected gross scheduled income:
56400
Unit Number for Unit 1:
747
Finished Area for Unit 1:
748 sq. ft.
Bedrooms for Unit 1:
2
Number of bathrooms for Unit 1:
1
Full Bathrooms for Unit 1:
1
Half Bathrooms for Unit 1:
0
Deposit for Unit 1:
0.0
Total Rent for Unit 1:
0.0
Projected Rent for Unit 1:
2350.0
Total Garage Spaces for Unit 1:
1
Garage for Unit 1:
Attached
Parking for Unit 1:
Uncovered
Unit 1 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 1:
Yes
Unit Number for Unit 2:
749
Finished Area for Unit 2:
748 sq. ft.
Bedrooms for Unit 2:
2
Number of bathrooms for Unit 2:
1
Full Bathrooms for Unit 2:
1
Half Bathrooms for Unit 2:
0
Deposit for Unit 2:
800.0
Total Rent for Unit 2:
1900.0
Projected Rent for Unit 2:
2350.0
Total Garage Spaces for Unit 2:
1
Garage for Unit 2:
Attached
Parking for Unit 2:
Uncovered
Unit 2 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 2:
Yes
Number of bathrooms for Unit 3:
0
Number of bathrooms for Unit 4:
0
E Indian Rock Rd & N Citrus Av
Site Influences:
Curbs, Public Street, Street Paved
Frontage:
75'
Exterior Features:
Stucco
Cooling:
None
Heating:
Wall/Gravity
Heating fuel:
Natural Gas
Irrigation:
Automatic, Sprinklers
Number of Units with Cooling:
0
Number of Units with Dishwashers:
0
Number of Units with Dryers:
1
Number of Units with Fireplaces:
0
Number of Furnished Units:
0
Number of Units with Garages:
2
Number of Units with Patios:
2
Number of Units with Range/Oven:
2
Number of Units with Refrigerators:
2
Number of Units with Washers:
1
Roof:
Composition
Sewer Septic:
Sewer Connected
Water Heater Type:
Gas
Water supply:
Meter on Property
Security:
N/K
Fencing:
Full
Topography:
Level
Short Sale:
No
Listing Type:
Exclusive Agency (A)
Age Restrictions:
N/K
Sales Restrictions:
N/K
Terms:
Cash, Conventional, FHA, VA
Jurisdiction:
Incorporated
Parcel Number:
175-062-11-00
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Listed by Big Block Realty, Inc.
Data was last updated October 25, 2024 at 07:10 AM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$989,000
Min list price:
$749,000
Max list price:
$2,999,000
Avg days on market:
94
Min days on market:
2
Max days on market:
177
Avg price per sq.ft.:
$105.56
These statistics are generated based on the current listing's property type and located in North County. Average values are derived using median calculations.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego Multiple Listing Service, Inc.