Property Description
Built in 2025, this low-maintenance, 3/4 leased fourplex offers immediate cash flow with long-term upside. The property generates $147,000/year in gross income with separately metered gas & electric, owned solar, and all new systems and finishes - ideal for 1031 exchange buyer seeking stabilized returns with extremely low expenses or residential buyer in the market to house hack. Each unit is thoughtfully designed to attract high-quality tenants, featuring quartz countertops, stainless steel appliances, in-unit LG washer/dryers, Innovair mini splits, tankless water heaters, and durable vinyl oak flooring. Unit mix includes a highly desirable 3 bed/2 bath owner's unit option, and three 2 bed/1 bath units with varying modern kitchen designs. New roof, foundation, plumbing, electric, windows, landscaping - all new inside and out! Located near Vista's growing dining and entertainment, including Moonlight Amphitheatre and Alta Vista Botanical Gardens, with easy freeway access to the coast. Rents: Unit 1 $3,800 (pro forma) | Unit 2 $2,900 | Unit 3 $2,750 | Unit 4 $2,800
Overview
Property Type
Multi-family
Location
785 Lemon Avenue 1-4, Vista, CA 92084
Zoning
R-1
MLS ID
PTP2602902
Listing Last Updated
Property Features & Amenities
Interior
Total Bedrooms
9
Full Bathrooms
5
Flooring
Vinyl
Appliances
Dishwasher, Gas Cooktop, Disposal, Microwave, Refrigerator, Tankless Water Heater
Other Interior Features
Bedroom on Main Level
Exterior
Stories
2
Pool
None
Roof
Shingle
Lot Features
0-1 Unit/Acre
Heat Type
See Remarks
Air Conditioning
Wall/Window Unit(s)
Sewer
Public Sewer
Substructure
Concrete Perimeter
Details
View Description
Neighborhood
Financial
Price
$2,225,000
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