Description

836 Sinkler Way is a 5-unit multifamily property in Vista, featuring a front 4-bedroom, 2-bath detached home and a rear fourplex with four 2-bedroom, 1-bath units. All five units have been extensively renovated within the past year, offering updated interiors that appeal to today's renters while reducing maintenance costs for ownership. The property sits on a 14,984 square foot lot, providing a low-density layout with functional separation between units. The current rent roll totals $10,815 per month, with the front house renting for $2,565 and the fourplex units ranging from $1,800 to $2,200. This generates a current cap rate of 4.3%, with a pro forma cap rate of 6.3%, presenting both steady income and future upside potential. The property includes eight off-street parking spaces and benefits from ample street parking in a quiet residential area. Located in a strong rental market, Vista's average rent is $2,621 as of March 2025, with a diverse range of amenities nearby. Tenants enjoy proximity to downtown Vista's vibrant arts scene, dining options, and community events. Recreational attractions such as the Alta Vista Botanical Gardens and Brengle Terrace Park are also nearby, enhancing the property's appeal. Additionally, the Civic Center–Vista station provides convenient access to the SPRINTER hybrid rail line, connecting residents to the broader North County area. With its recent renovations, desirable unit mix, and strategic location, 836 Sinkler Way offers a compelling opportunity for investors seeking a turnkey, stabilized asset in North County San Diego.