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785 Lemon Ave, Vista, California 92084, Vista, 92084 - 9 bed, 5 bath

785 Lemon Ave, Vista, California 92084 home-pic-0
ACTIVE$2,350,000
785 Lemon Ave, Vista, California 92084
9Beds
5Baths
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
PTP2507973
Home ConditionExcellent
Features
Patio
ViewNeighborhood

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

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, and features all new, high-quality components. The kitchens boast modern designs with quartz countertops, Frigidaire stainless steel appliances, stylish cabinetry (sage green or white/oak), and sleek gold hardware. Bathrooms are also new with modern fixtures. The property includes energy-efficient features like Innovair mini-split HVAC systems, tankless water heaters, owned solar, dual-pane windows, and water-resistant vinyl oak flooring throughout. All elements are pristine and meet current quality standards with no deferred maintenance.
Pros & Cons

Pros

New Construction & Modern Amenities: Built in 2025, the property features brand new construction with high-end finishes including LG washer/dryers, Innovair mini splits, Frigidaire stainless steel appliances, quartz countertops, LED lighting, water-resistant vinyl oak flooring, and tankless water heaters.
Strong Income Potential: Comprising two duplexes for a total of four units, the property offers significant rental income potential with a projected gross income of $147,600/year and a 6.28% cap rate, with 3 of 4 units already rented.
Energy Efficiency & Cost Savings: Equipped with owned solar panels, energy-efficient dual-pane windows, and tankless water heaters, significantly reducing utility costs and environmental impact for both owner and tenants.
Versatile Investment Opportunity: Ideal for both owner-occupants (live in one unit, rent three to offset mortgage) and investors (suitable for 1031 exchange), offering flexible financing options (Conventional, FHA, VA loans).
Strategic Location & Accessibility: Conveniently located close to local attractions such as Moonlight Amphitheatre, Alta Vista Botanical Gardens, downtown Vista shopping and restaurants, with easy freeway access to the beach.

Cons

Projected Financials: The stated cap rate and estimated gross income are projections, and actual operating expenses and rental income may vary, potentially impacting the net return on investment.
Future Availability: The 'on_market_date' in 2025 indicates the property is not yet completed or ready for immediate closing, which may not suit buyers seeking immediate occupancy or investment returns.
Limited Premium Views: While a view is present, it is described as 'Neighborhood,' which is not a premium feature and may not contribute significantly to property value appreciation compared to properties with more desirable scenic outlooks.

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