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Property for sale: 380 Plymouth Dr in Vista

380 Plymouth Dr Vista

Main Photo: Property for sale: 380 Plymouth Dr in Vista
$11,750,000 /367000.0
Prop. Type:
Com-Res Income
MLS® Num:
250031535
Status:
Active
Year Built:
1986
We are proud to present Plymouth Heights - 380 Plymouth Drive. This 32-unit apartment community was built in 1986 and sits on a 63,000 SF Lot. The property contains (19) 950 SF 2bed/2bath units, (13) 750 SF 1bed/1baths units, 32 covered carports, and 19 open parking spaces. This is a significant value-add opportunity with upside in the current rents. Very attractive $7,300,000 assumable 1st trust deed with 10 years remaining on a fixed and interest only rate of 5%. This is truly a one-of-a-kind asset considering the well above average unit size and excellent design of the original builder. Since its construction in 1986 the property has been meticulously maintained and cared for, which is evident by tenants who feel a sense of community and tend to stay long term. Recently, major systems upgrades include but are not limited to resealing of balconies and installation of new Roof underlayment and new tiles and the removal of a pool which saves a tremendous amount of water plus removes the liability for reduced insurance premiums.
Price Per Unit:
367000.0
Total Floor Area:
Switch units of measure1.45 acre(s)
Lot Size:
Switch units of measure1.45 acre(s)
County:
San Diego
Market Area:
North County
Number of Buildings:
1
Number of Units:
32
Num Stories:
2
Year Built:
1986
Cap Rate.:
4.4
Gross Multiplier:
14.4
Gross scheduled income:
815724.0
Operating expense:
261572
Projected Cap Rate.:
6.3
Gross equity:
0
Motive / Want:
1031
Listing Type:
Exclusive Right (R)
Complex Features:
N/K
Zoning:
R-3:RESTRI
Parcel Number:
163-280-28-00
Listed by Bridgepoint Realty Inc
Data was last updated July 2, 2025 at 11:10 AM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty
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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 © 2025 San Diego Multiple Listing Service, Inc.

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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 © 2025 San Diego Multiple Listing Service, Inc.