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267 Alestar St - Exceptional 4-unit Building 267 Alestar St 4 Unit Apartment Building $1,500,000 ($375,000/Unit) 5.42% Cap Rate Vista, CA 92084
Investment Highlights
- Strong Unit Mix 3/2 * 2/2 * 2/2 * 1/1
- Gas & Electric are Separately Metered for each unit
- SB721 Inspection & Repairs Complete (2024-25)
- 4,260sf * Spacious units with Assigned Carport Parking + Storage
- Complete Plumbing replacement July 2026
Executive Summary
267 Alestar St presents an exceptional four-unit investment opportunity situated on a desirable corner lot in the heart of Vista. The property
features a strong unit mix consisting of (1) three-bedroom, two-bath unit, (2) two-bedroom, two-bath units, and (1) one-bedroom, one-bath unit.
Encompassing approximately 4,260 square feet, the apartments offer unusually spacious floor plans that are highly attractive to tenants. Each unit
includes an assigned carport parking space with a private storage unit, as well as its own patio or balcony. Residents also enjoy access to an on-site laundry facility with professionally managed owned washer and dryer equipment, providing an additional source of income for ownership. Both gas and electric
utilities are separately metered, helping minimize operating expenses. The property has been professionally managed and well maintained, with
numerous capital improvements completed over the years, including upgrades to decking, railings, and plumbing systems. An extensive, full
building re-plumbing and water heater replacement project was just completed in July 2026, offering added value
and peace of mind for future ownership. Ideally located near Downtown Vista, the property is within close proximity to popular restaurants,
breweries, the Vista Magnet School, Library, and Civic Center, making it a convenient and desirable location for residents. PLEASE DO NOT WALK
THE PROPERTY OR DISTURB TENANTS. Exterior Photos were taken in 2019, Interior photos taken in 2020 and 2025.
features a strong unit mix consisting of (1) three-bedroom, two-bath unit, (2) two-bedroom, two-bath units, and (1) one-bedroom, one-bath unit.
Encompassing approximately 4,260 square feet, the apartments offer unusually spacious floor plans that are highly attractive to tenants. Each unit
includes an assigned carport parking space with a private storage unit, as well as its own patio or balcony. Residents also enjoy access to an on-site laundry facility with professionally managed owned washer and dryer equipment, providing an additional source of income for ownership. Both gas and electric
utilities are separately metered, helping minimize operating expenses. The property has been professionally managed and well maintained, with
numerous capital improvements completed over the years, including upgrades to decking, railings, and plumbing systems. An extensive, full
building re-plumbing and water heater replacement project was just completed in July 2026, offering added value
and peace of mind for future ownership. Ideally located near Downtown Vista, the property is within close proximity to popular restaurants,
breweries, the Vista Magnet School, Library, and Civic Center, making it a convenient and desirable location for residents. PLEASE DO NOT WALK
THE PROPERTY OR DISTURB TENANTS. Exterior Photos were taken in 2019, Interior photos taken in 2020 and 2025.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,500,000 | Property Subtype | Apartment |
| Price Per Unit | $375,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.42% | Building Size | 4,747 SF |
| Gross Rent Multiplier | 14.31 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1965 |
| Zoning | R-M (21) | ||
| Price | $1,500,000 |
| Price Per Unit | $375,000 |
| Sale Type | Investment |
| Cap Rate | 5.42% |
| Gross Rent Multiplier | 14.31 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 4,747 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Zoning | R-M (21) |
Amenities
Unit Amenities
- Balcony
- Heating
- Refrigerator
- Patio
Site Amenities
- Laundry Facilities
- Trash Pickup - Curbside
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $2,695 | - |
| 2+2 | 2 | $2,020 | - |
| 1+1 | 1 | $1,795 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 176-110-50 | Total Assessment | $1,115,066 |
| Land Assessment | $557,533 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $557,533 | Tax Year | 2026 |
Property Taxes
Parcel Number
176-110-50
Land Assessment
$557,533
Improvements Assessment
$557,533
Total Assessment
$1,115,066
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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267 Alestar St - Exceptional 4-unit Building | 267 Alestar St