Sunbury Ct

Description:

Fully-Entitled 8-Unit Townhome Development Opportunity – Vista, CA
±0.60 Acres | CEQA-Exempt | Strong Rent Projections

Discover an exceptional multifamily development opportunity in the heart of Vista. Situated on ±0.60 acres, this shovel-ready project includes 8 fully-entitled townhome units, each designed for modern living with 3 bedrooms, 2.5 baths, and attached garages. Units average 1,400+ SF, offering highly desirable layouts for today’s renters.

The community is configured across two buildings totaling approximately 14,000 SF, with a blend of two- and three-story elevations that maximize efficiency, curb appeal, and livability. Surface parking complements the garage spaces, providing ample on-site parking for residents and guests.

All major civil work is complete: grading, sewer, and irrigation plans are fully approved, and building plans are conditionally approved. The project benefits from CEQA exemption, reducing timelines and complexity. Deferred submittals for automatic fire sprinklers and the solar PV system remain, streamlining the final permit phase.

Impact fees are estimated at ~$45,000 per unit, supporting a predictable development budget. With projected market rents averaging $3,900 per unit, the asset offers a compelling return profile in a supply-constrained North County market.


Vista is a diverse submarket in Northern San Diego County, about 7 miles inland from the Pacific Ocean and 35 miles north of downtown San Diego. It is located in North County San Diego, bordered by Oceanside, Carlsbad, and San Marcos, with convenient access to all via Highway 78 (the “SR-78 Corridor”), I-5 and I-15.

Known for its mild Mediterranean climate, rolling hills, and a blend of suburban and semi-rural neighborhoods, Vista offers a mix of residential areas, light industrial parks, and retail centers, along with strong community amenities. It maintains a balance of family-oriented suburban living and economic activity, with both large employers and small businesses present.

Vista has a diverse local economy, with concentrations in manufacturing, biotech, craft brewing, and specialty food production. It is home to over 20 craft breweries, giving it a reputation as one of San Diego County’s most active beer hubs. With a population of about 100,000 residents (2023 estimates), the median household income is roughly $82,000, which is higher than the U.S. average.

The area is comprised of single-family neighborhoods, apartments and townhomes, and has a strong demand for rental housing due to proximity to job centers, schools, and coastal communities. It is served by Vista Unified School District plus nearby colleges like California State University San Marcos and Mira Costa College.




OFF MARKET Development Opportunity in Vista, CA- Fully Entitled!


8 Townhomes proposed with frontage along S. Santa Fe Ave- .60 AC


All units feature 3 BR /2.5 BA, averaging 1,400 SF with attached garages


N. County growth market with strong rental demand and projected rents of $3,900 - $4,200 per month


Proximity to downtown Vista and area retail with access to 78 Freeway, I-5 and I-15


Transit-oriented site located along Sprinter Rail Line


Submarket recognized as one of San Diego’s strongest craft beer hubs!


SELLER FINANCING AVAILALBE

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