
Vista, California 92084
This Quadruplex Residential Income Asset is a Strong Value Opportunity, listed at $1,500,000—positioned well below the $1,502,501 Fair Market Value by 0.17%. Featuring a Condition Rating of 3, the property benefits from a 2026 full-building re-plumbing and water heater replacement. With a diverse unit mix, assigned carports, and private patios/balconies, this asset offers stable rental demand near Downtown Vista. It is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking a well-maintained, income-generating property with minimized immediate CapEx risk.
Property is move-in ready.
While built in 1965, the property has undergone significant recent capital improvements, including a full building re-plumbing and water heater replacement in 2026. Interior photos from 2025 show updated flooring, clean paint, and functional kitchens/baths, indicating the units are well-maintained and move-in ready.
The property features an exceptional unit mix, including a rare three-bedroom unit and unusually large floor plans totaling 4,260 square feet, which maximizes rental appeal and tenant retention.
A comprehensive full-building re-plumbing and water heater replacement completed in 2026 significantly reduces immediate CapEx risk and provides long-term peace of mind for investors.
Located on a desirable corner lot near Downtown Vista’s breweries, restaurants, and the Civic Center, the property benefits from a high-demand location with excellent walkability for residents.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9583, other record lot size in square feet = 10381.
The use of exterior photos from 2019 and interior photos dating back to 2020 may not accurately reflect the current aesthetic condition, potentially complicating initial buyer assessments.
While plumbing has been addressed, the 1965 construction date suggests that other original systems, such as electrical or roofing, may require ongoing monitoring and future investment.
267 Alestar St presents an attractive four-unit investment opportunity on a desirable corner lot in the heart of Vista, offering investors a well-maintained, professionally managed asset with significant capital improvements and updates to many of the property’s major systems. The approximately 4,260-square-foot property features an attractive unit mix of (1) Three-bedroom, Two-bath unit, (2) Two-bedroom, Two-bath units, and (1) One-bedroom, One-bath unit. The unusually spacious floor plans provide highly desirable living space for tenants, with each unit offering an assigned carport parking space with private storage, plus an individual patio or balcony. Ownership benefits from numerous completed capital improvements designed to enhance long-term property performance, potentially reducing near-term maintenance requirements. Major systems and building components have been updated, replaced, or completed over time, representing a significant investment in the property’s core infrastructure, including decking, railings, plumbing, and water heaters. A comprehensive full-building re-plumbing and water heater replacement project was completed in July 2026, providing a significant infrastructure upgrade for future ownership. Exterior elements have also been addressed in connection with applicable SB 721 requirements, further enhancing the property's long-term maintenance profile. The property also features low maintenance and water-wise landscape elements, helping support efficient water use while maintaining attractive outdoor areas. Both gas and electric utilities are separately metered, helping minimize operating expenses. An on-site laundry room with professionally managed washer and dryer equipment provides an additional income stream for ownership. Ideally located near Downtown Vista, the property offers residents convenient access to popular restaurants, breweries, the Vista Magnet School, Library, and Civic Center. With its spacious unit mix, separately metered utilities, additional laundry income, desirable corner-lot location, and substantial investment in major building systems and capital improvements, 267 Alestar St represents a compelling opportunity to acquire a well-maintained multifamily asset in Vista. PLEASE DO NOT WALK THE PROPERTY OR DISTURB TENANTS.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.4 |
| Baths | 0.0 | 3.2 |
| Square foot | 4,260 | 2,579.2 |
| Lot Size | 9,583 | 4,665.934 |
| Price | $1.45M | $1.53M |
| Price per sq ft | $340 | $571 |
| Built year | 1965 | 2007 |
| HOA | $0 | $324 |
| Days on market | 103 | 96 |
Sep 4, 2026
$1,450,000
$1,500,000
-3% Price Drop
Initial Listing
Jul 14, 2026
$1,500,000
Initial Listing
Aug 7, 2018
$980,000
Public Record
Jul 30, 2013
$600,000
Public Record
Apr 30, 2001
$338,000
Public Record