The Bridge Multifamily Team at Cushman & Wakefield are pleased to present the Las Brisas Apartments, a twenty-two-unit multifamily property located in the City of Vista. This asset offers a desirable unit mix of mostly two bedroom units. The property sits on a large lot with a total of 1.43 acres and was re-landscaped with drought resistant plants and drip irrigation. Las Brisas has significant recent renovations including all new air conditioners, new exterior lighting, exterior paint and new asphalt in the rear creating 23 additional parking spaces. The property now has 26 garages and 33 open spaces for a total of 59 parking spaces. Designs for a gazebo, BBQ, tables and benches in the rear have been completed, and work on this is planned to start soon. Twenty of the twenty-two interiors have been renovated in varying degree as well. The interior renovation include new air conditioners, custom interior paint, vinyl plank flooring, new cabinets, granite countertops, new stainless steel appliances and new vanities in the bathrooms. There is a large laundry room conveniently located on-site, and the building is separately metered for gas and electricity.
This property is in an excellent Vista location right near major retail, educational, and employment opportunities. The property is conveniently located close to CA-78 Freeway, allowing tenants to connect with the greater California region and beyond. This offering provides an investor the opportunity to acquire a well maintained apartment community with exceptional value-add upside in a premier location within the city. Given the strength of the overall apartment market within the city of Vista, the property offers an investor the ability to capture quality tenants seeking a great neighborhood with convenient access to a wide variety of activities, transportation and retail amenities. This overall demand for well-located apartments will be a key driver in the continued growth at the Las Brisas Apartments.
