- Vista Cortes La Ribera, La Paz, ­ 23570

Property Description

Vista Cortés is a completed, 100%-occupied multifamily investment property for sale in La Ribera, East Cape, Baja California Sur, minutes from Costa Palmas. Offered at US$10,294,117.67, the property comprises 76 completed residences across contemporary two-story buildings on approximately 2.47 acres, with approximately 43,954 sq. ft. of construction. Of the 76 residences, 75 are income-producing units and one additional studio is used as an on-site office. Built in 2020, Vista Cortés includes one income-producing studio, 38 one-bedroom residences and 36 two-bedroom residences. Individual units range from approximately 31.64 m² to 65.26 m². Each residence includes one bathroom, an open living area, an all-electric kitchen with modern finishes and air conditioning. Select upper-level residences have Sea of Cortez views. Controlled access, perimeter fencing, on-site parking, low-maintenance desert landscaping and a substantial central open area define the community's low-rise site plan. For investors evaluating multifamily property on the East Cape, Vista Cortés offers a fundamentally different profile from raw land, presale inventory or a development still in lease-up. The asset is already built, operating and currently 100% occupied. Advance leasing commitments already represent at least 30% of capacity for 2027, providing additional evidence of current residential demand in La Ribera. That demand is closely connected to the broader growth of the East Cape. Vista Cortés is positioned minutes from Costa Palmas, home to Four Seasons Resort Los Cabos at Costa Palmas, Amanvari, residential communities, a marina and golf. As hospitality and residential development has expanded in and around La Ribera, so has the need for housing serving administrative, professional and operational personnel working throughout the surrounding area. Vista Cortés occupies a distinct position within that market as an existing multifamily residential asset with demonstrated c