{"id":5694,"date":"2024-01-10T15:22:19","date_gmt":"2024-01-10T23:22:19","guid":{"rendered":"https:\/\/www.lee-associates.com\/sandiegonorth\/?p=5694"},"modified":"2024-01-11T15:42:15","modified_gmt":"2024-01-11T23:42:15","slug":"4-unit-multifamily-investment-property-in-vista-sells-for-1387430","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/sandiegonorth\/2024\/01\/10\/4-unit-multifamily-investment-property-in-vista-sells-for-1387430\/","title":{"rendered":"4-Unit Multifamily Investment Property in Vista Sells for $1,387,430"},"content":{"rendered":"<div id=\"pl-5694\"  class=\"panel-layout\" ><div id=\"pg-5694-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-5694-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-5694-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><strong>Vista, CA \u2013<\/strong>January 11, 2024 - Lee &amp; Associates - NSDC, a premier commercial real estate firm in San Diego County, is excited to announce the sale of 247 Alestar St, a 4-unit investment property in Vista. The property was sold for $1,387,430 which was 103% of the listing price.<\/p>\n<p>&nbsp;<\/p>\n<p>Brought to market on November 1, 2023, The Von Bluecher, the Lee &amp; Associates North San Diego County Multifamily Team \u2013 Eric von Bluecher and Ivan Del Muro-Garcia, executed full marketing and generated seven offers within the first two weeks of marketing the property. The well-maintained property consists of 4 units, featuring a mix (1) 3-Bed, 2-Bath; (2) 2-Bed, 2-Baths, (1) 1-Bed, 1-Bath. The building was upgraded in 2017 and featured upside potential of +\/-56%. The property is Located just off the 78, 10 minutes to both the 5 and 15 freeways, minutes to Vista Village and Sprinter.<\/p>\n<p>&nbsp;<\/p>\n<p>Eric von Bluecher and Ivan Del Muro-Garcia of Lee &amp; Associates \u2013 NSDC represented the Seller, and the Buyer was represented by Terry Moore of ACI.<\/p>\n<p>&nbsp;<\/p>\n<p>\"The sale of 247 Alestar shows that despite higher interest rates and low cap rates, well maintained apartment buildings located in desirable areas continue to be profitable investment opportunities. The sellers received a fair market value while the buyers will still have considerable upside opportunity without heavily investing in Cap Ex. Thank you to all parties involved in this sale.\" - Eric von Bluecher.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><div id=\"pg-5694-1\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-5694-1-0\"  class=\"panel-grid-cell\" ><div id=\"panel-5694-1-0-0\" class=\"so-panel widget widget_sow-image panel-first-child panel-last-child\" data-index=\"1\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-8b5b6f678277-5694\"\n\t\t\t\n\t\t>\n<div class=\"sow-image-container\">\n\t\t\t<a href=\"https:\/\/www.lee-associates.com\/people\/?terms=eric+von+bluecher&#038;broker=92224\"\n\t\t\t\t\t>\n\t\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/sandiegonorth\/wp-content\/uploads\/sites\/89\/2022\/09\/Eric-von-Bluecher.jpg\" width=\"236\" height=\"256\" srcset=\"https:\/\/www.lee-associates.com\/sandiegonorth\/wp-content\/uploads\/sites\/89\/2022\/09\/Eric-von-Bluecher.jpg 900w, https:\/\/www.lee-associates.com\/sandiegonorth\/wp-content\/uploads\/sites\/89\/2022\/09\/Eric-von-Bluecher-473x512.jpg 473w, https:\/\/www.lee-associates.com\/sandiegonorth\/wp-content\/uploads\/sites\/89\/2022\/09\/Eric-von-Bluecher-768x832.jpg 768w\" sizes=\"(max-width: 236px) 100vw, 236px\" title=\"Eric von Bluecher\" alt=\"\" \t\tclass=\"so-widget-image\"\/>\n\t\t\t<\/a><\/div>\n\n<h3 class=\"widget-title\">Eric von Bluecher<\/h3><\/div><\/div><\/div><div id=\"pgc-5694-1-1\"  class=\"panel-grid-cell\" ><div id=\"panel-5694-1-1-0\" class=\"so-panel widget widget_sow-image panel-first-child panel-last-child\" data-index=\"2\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-8b5b6f678277-5694\"\n\t\t\t\n\t\t>\n<div class=\"sow-image-container\">\n\t\t\t<a href=\"https:\/\/www.lee-associates.com\/people\/?terms=ivan+del+m&#038;broker=116968\"\n\t\t\t\t\t>\n\t\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/sandiegonorth\/wp-content\/uploads\/sites\/89\/2022\/09\/Ivan-Garcia.jpg\" width=\"236\" height=\"256\" srcset=\"https:\/\/www.lee-associates.com\/sandiegonorth\/wp-content\/uploads\/sites\/89\/2022\/09\/Ivan-Garcia.jpg 900w, https:\/\/www.lee-associates.com\/sandiegonorth\/wp-content\/uploads\/sites\/89\/2022\/09\/Ivan-Garcia-473x512.jpg 473w, https:\/\/www.lee-associates.com\/sandiegonorth\/wp-content\/uploads\/sites\/89\/2022\/09\/Ivan-Garcia-768x832.jpg 768w\" sizes=\"(max-width: 236px) 100vw, 236px\" title=\"Ivan Del Muro-Garcia\" alt=\"\" \t\tclass=\"so-widget-image\"\/>\n\t\t\t<\/a><\/div>\n\n<h3 class=\"widget-title\">Ivan Del Muro-Garcia<\/h3><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Vista, CA \u2013January 11, 2024 &#8211; Lee &amp; Associates &#8211; NSDC, a premier commercial real estate firm in San Diego County, is excited to announce the sale of 247 Alestar St, a 4-unit investment property in Vista. The property was sold for $1,387,430 which was 103% of the listing price. &nbsp; Brought to market on November 1, 2023, The Von Bluecher, the Lee &amp; Associates North San Diego County Multifamily Team \u2013 Eric von Bluecher&#8230;<\/p>\n","protected":false},"author":22,"featured_media":5695,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,1064,6],"tags":[1015,1074,1069,1051],"class_list":["post-5694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lee-news","category-multi-family","category-press-releases","tag-eric-von-bluecher","tag-ivan-del-muro-garcia","tag-multifamily","tag-multifamily-advisory-group"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>4-Unit Multifamily Investment Property in Vista Sells for $1,387,430 - San Diego North | Lee &amp; Associates<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/sandiegonorth\/2024\/01\/10\/4-unit-multifamily-investment-property-in-vista-sells-for-1387430\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"4-Unit Multifamily Investment Property in Vista Sells for $1,387,430\" \/>\n<meta property=\"og:description\" content=\"Vista, CA \u2013January 11, 2024 - 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