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785 Lemon Ave #1-4 ave
Vista, CA 92084
Multifamily Property For Sale
·
4 Units
Investment Highlights
- 2025 new construction
- Conveniently located near shopping & amenities
- High rental demand area
Executive Summary
2025 NEW CONSTRUCTION. 2 duplexes totaling 4 units. Unit 1 (RENTED): $3,800/mo | Unit 2 (RENTED): $2,900/mo | Unit 3 (RENTED): $2,800/mo | Unit 4: $2,800/mo projected rent. All units rented month-to-month. Estimated cap rate 4.71% based on est. 25% expense ratio given new construction. Projected $147,600/year gross income. All units feature LG washer & gas dryer, Innovair mini splits, Frigidaire stainless steel appliances, gas stoves, quartz countertops, energy efficient dual pane windows, recessed LED lighting, water resistant vinyl oak flooring, tankless water heaters. Bottom units boast modern kitchens with white upper cabinets & oak lower cabinets; 3b/2b unit complete with dishwasher & pantry. Top units feature popular sage green kitchen cabinets & islands with bar seating. All with sleek gold hardware & fixtures. Outside you’ll find new composite shingle roof, gutters, owned solar, vinyl siding & tinted concrete to match, decorative wood pillars, fresh landscaping. On-site & street parking. Units separately metered. Located close to Moonlight Amphitheatre, Alta Vista Botanical Gardens, downtown Vista shopping & restaurants, easy freeway access to the beach!
Property Facts
| Price Per Unit | $587,500 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.71% | Lot Size | 0.17 AC |
| Gross Rent Multiplier | 15.92 | Building Size | 3,654 SF |
| No. Units | 4 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2025 |
| Zoning | R-1 - One-family residential zone | ||
| Price Per Unit | $587,500 |
| Sale Type | Investment |
| Cap Rate | 4.71% |
| Gross Rent Multiplier | 15.92 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,654 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 2025 |
| Zoning | R-1 - One-family residential zone |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Eat-in Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Breakfast Nook
- Double Pane Windows
- Family Room
- Freezer
- Island Kitchen
- Pantry
- Patio
- Vinyl Flooring
- Quartz Countertops
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $3,800 | 1,234 |
| 2+1 | 3 | $2,850 | 743 - 847 |
Property Taxes
| Parcel Number | 175-102-39 | Improvements Assessment | $0 |
| Land Assessment | $135,304 | Total Assessment | $135,304 |
Property Taxes
Parcel Number
175-102-39
Land Assessment
$135,304
Improvements Assessment
$0
Total Assessment
$135,304
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