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785 Lemon Ave, Vista, California 92084, Vista, 92084 - bed, bath

785 Lemon Ave, Vista, California 92084 home-pic-0
ACTIVE$2,350,000
785 Lemon Ave, Vista, California 92084
0Bed
0Bath
3,654Sqft
7,464Lot
Year Built
2025
Close
-
List price
$2.35M
Original List price
$2.35M
Price/Sqft
$643
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2507972
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,5 Pros.

2025 NEW CONSTRUCTION! 2 duplexes totaling 4 units. HOMEBUYERS: use your Conventional, FHA or VA loan to live in 1 unit, rent remaining 3 to offset mortgage. INVESTORS: 1031 exchange before end of year. Projected gross cap rate 6.28% with $147,600/year estimated gross income. Tenants occupying Units 1-3. 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! Unit 1 (rented): Lower level 3b/2b, rent $3,800/mo Unit 2 (rented): Top level 2b/1b, rent $2,900/mo Unit 3 (rented): Lower level 2b/1b, rent $2,800/mo Unit 4: Top level 2b/1b, est. rent $2,800/mo Unit 1: Lower level 3b/2b, est. rent $3,800/mo Unit 2 (rented): Top level 2b/1b, est. rent $2,900/mo Unit 3: Lower level 2b/1b, est. rent $2,900/mo Unit 4: Top level 2b/1b, est. rent $2,900/mo

Nearby schools

4/10
Beaumont Elementary School
Public,•K-5•1.2mi
3/10
Rancho Minerva Middle School
Public,•6-8•2.0mi
4/10
Vista High School
Public,•9-12•0.9mi

Price History

Date
Event
Price
10/21/25
Listing
$2,350,000
Condition Rating
Excellent
This property is brand new construction, built in 2025. All components are new, including modern kitchens with quartz countertops, new stainless steel Frigidaire appliances, stylish cabinetry (sage green or white/oak with gold hardware), and recessed LED lighting. The property features energy-efficient Innovair mini splits, tankless water heaters, owned solar, and water-resistant vinyl oak flooring throughout. There is no deferred maintenance, and all systems and finishes meet current quality standards.
Pros & Cons

Pros

New Construction & Modern Design: Built in 2025, this property offers brand-new infrastructure, contemporary aesthetics, and minimal immediate maintenance concerns for years to come.
Strong Income Potential (Quadplex): Comprising two duplexes totaling four units, it boasts a projected gross cap rate of 6.28% and $147,600/year estimated gross income, making it ideal for investors or owner-occupants seeking mortgage offset.
Energy Efficiency & Modern Systems: Equipped with owned solar panels, tankless water heaters, Innovair mini splits (HVAC), and energy-efficient dual-pane windows, ensuring lower utility costs and modern comfort.
High-Quality Finishes & Appliances: All units feature LG washer & gas dryer, Frigidaire stainless steel appliances, quartz countertops, water-resistant vinyl oak flooring, and stylish kitchen cabinetry with sleek gold hardware and fixtures.
Desirable Location & Accessibility: Strategically located close to local attractions like Moonlight Amphitheatre, Alta Vista Botanical Gardens, downtown Vista shopping/restaurants, and offers easy freeway access to the beach.

Cons

Partial Occupancy: One of the four units is currently vacant, requiring the new owner to actively lease it to achieve the advertised full income potential and cap rate.
Significant Capital Investment: The list price of $2.35 million represents a substantial financial commitment, which may narrow the pool of eligible buyers or investors.
Parking Specifics: While 'on-site & street parking' is mentioned, the exact allocation and convenience of dedicated parking for four separate units are not detailed, which could be a point of concern for tenants.

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