323 Hill Dr, Vista, California 92083, Vista, 92083 - 3 bed, 2 bath
323 Hill Dr
Vista, California 92083
Property Price
SUMMARY
Analysis of 323 Hill Dr, Vista, California 92083 is currently available with a list price of $1,995,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Vista Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Although built in 1955, the property is in move-in ready condition and currently functions as a high-earning rental. The interior features updated stainless steel appliances, stone countertops, and modern laminate or hardwood flooring. The kitchen and bathrooms have been renovated beyond their original 1950s state, showing well-maintained systems and minimal wear, which supports its current occupancy and rental value despite the primary focus on the land's development potential.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 63200, living area = 1383.
- Exceptional Development Potential
The 1.45-acre lot is pre-approved for a 6-home subdivision with ADUs, offering a rare and significant value-add opportunity for investors or developers in West Vista.
- Immediate Rental Income
The existing 3-bedroom residence generates $3,950 in monthly rent, providing a steady cash flow to offset carrying costs while navigating the subdivision and permitting process.
CONSRISKS & DEFICIENCIES
- Aging Primary Structure
Built in 1955, the original home may require significant maintenance or eventual demolition to fully maximize the land's development potential.
- High Capital Requirement
With a nearly $2 million entry price and the costs associated with subdivision and construction, this project requires substantial upfront liquidity and development expertise.
About 323 Hill Dr
Huge Development Opportunity in West Vista. Home plus very large lot totaling 1.45 acres, currently being subdivided into two lots. Build 4 homes on the lot and keep the current house for rental income, or develop the entire property. Currently pre-approved for 6 homes with ADUs around 3700sqft each. Tenant currently paying $3,950 & can stay or go. 227 Hill Dr is also available, and almost completed.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 63,200 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Vista Unified Schools
Grapevine Elementary School
Grades K-5 • 0.3 mi
Olive Elementary School
Grades K-5 • 0.9 mi
Temple Heights Elementary School
Grades K-5 • 1.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,383 | 1,515 | 45% |
| Lot Size | 63,200 | 9,155 | 98% |
| Price | $2.00M | $805.0K | 98% |
| Price per sq ft | $1.4K | $531 | 98% |
| Built year | 1955 | 1969 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 149 | 169 | 38% |
Pricing History
Listed for Sale
Oct 9, 2025
$1,995,000
Initial Listing