9
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$19,000,000
$22,000,000 13.6%
Est. payment /mo
2.24 Acres Lot
Sold on 01/02/2025
343 Autumn San Marcos, CA 92069
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Key Details
Sold Price $19,000,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 240020535SD
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
Listed by Eric Comer • Eric D. Comer, Broker
Bought with Eric Comer • Eric D. Comer, Broker
Bought with Eric Comer • Eric D. Comer, Broker