785 Lemon Avenue, Vista, CA 92084
- $2,275,000
- List Price
- $2,275,000
- Closing Date
- Jun 03, 2026
- Status
- CLOSED
- MLS#
- PTP2602906
- Year Built
- 2025
- Lot Size
- 7,464
- Acres
- 0.17
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 7
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
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
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Additional Information
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Roof
- Shingle
- Sewer
- Public Sewer
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $147,000
- Operating Expense
- 6000
Listing courtesy of Listing Agent: Malena Boetel (malenasellssandiego@gmail.com) from Listing Office: Serhant California Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.