740 Paseo Buena Vista | Vista, CA 92084
179 Units | Built 2020 | 1,031 Avg SF
Berkadia Institutional Solutions powered by Moran, is pleased to present Monarch Buena Vista, a brand-new, 179-unit luxury apartment community in the North San Diego city of Vista. The property is strategically located at the center of the prominent 78 Corridor— San Diego’s burgeoning hub for tech and innovation, home to more than 307,000 jobs and 850 tech companies. Its highly coveted location that is walkable to Vista’s vibrant downtown and exceptional outdoor recreation amenities give residents an unparalleled living experience. As one of only four properties built in Vista in the last 30 years, Monarch Buena Vista offers modern unit interiors and expansive common area spaces as well as private garages for all units. Combining an outstanding location with a low-density irreplaceable design, Monarch Buena Vista presents an investor with the incredible opportunity to acquire an exceptional Class A asset in one of San Diego’s most job-rich yet undersupplied communities.
Property Summary
Units
179
Built
2020
Average Unit Size
1,031 SF
Construction Type
Garden
Site Acreage/Density
7.98 acres (22 DU/AC)
Parking/Ratio
363 Spaces / 2.0:1
Avg. Rent (Market Rate)
$2,534 ($2.45 PSF)
Monarch Buena Vista is the newest Class A apartment community to deliver in one of North San Diego’s most sought-after residential communities. With a stunning creek side setting, the property fully embraces the serenity of its surroundings and celebrates both the comfort of the outdoors as well as the modern sophistication of contemporary apartment living.
Apartment homes offer the latest state-of-the-art amenities and designer touches as well as private garages for all units—a unique and highly-desirable amenity hard to find in the submarket. The property also features an expansive array of thoughtfully executed common area amenities and gathering spaces. The community’s stylish apartment homes and best-in-class amenity package as well as its extremely low-density design have combined to make Monarch Buena Vista the submarket’s premiere Class A asset.
Investment highlights
- Recently Stabilized Suburban, Low-Density Garden-Style Property
Monarch Buena Vista is the 4th lowest-density modern luxury product in the 78 Corridor. No incoming product in the surrounding submarket comes close to this superior density. - Luxury Product with an Abundant Amenity Package
Apartment homes offer the latest state-of-the-art amenities and designer touches as well as private garages for all units—a unique and highly-desirable amenity hard to find in the submarket - Exceptional Rental Market Fundamentals
Vista has one of the best performing submarkets in San Diego, largely due to robust job growth along the 78 Corridor which has generated significant demand for apartments near these employment concentrations.
- Undersupplied Submarket with Limited Pipeline
Despite being one of San Diego’s largest employment markets and strongest rental markets, the 78 Corridor has a shortage of Class A apartments. - Idyllic Location at the Heart of the 78 Corridor
Just 10 miles from San Diego’s renowned beaches, Vista is situated right in the heart of the 78 Corridor, allowing residents to access jobs on either end of the Corridor in under 20 minutes. - Robust & Rapidly Expanding Tech Corridor
Monarch Buena Vista is located along the 78 Corridor, a prominent tech and innovation hub that runs along a 17-mile stretch of highway through the North County cities of Oceanside, Carlsbad, Vista, San Marcos and Escondido.
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BERKADIA INSTITUTIONAL SOLUTIONS
3333 Michelson Drive, Suite 620
Irvine, CA 92612
Berkadia Team
Tom moran
Senior Managing Director
714.269.8380
tom.moran@berkadia.com
MARY ANN KING
Co-Head Investment Sales
949.242.4070
maryann.king@berkadia.com
derrek ostrzyzek
Senior Director
310.924.9348
derrek.ostrzyzek@berkadia.com
MIKE MURPHY
Senior Director
714.318.3978
mike.murphy@berkadia.com
Monarch buena vista
740 Paseo Buena Vista | Vista, CA 92084
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