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

home-pic
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
-
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2507972
Home ConditionExcellent
Features
View-

About this home

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 6.38% with $150,000/year estimated 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! Unit 1: Lower level 3b/2b, est. rent $3,800/mo Unit 2: 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 explicitly listed as '2025 NEW CONSTRUCTION,' indicating it is brand new. The description highlights modern features such as LG washer/dryers, Frigidaire stainless steel appliances, gas stoves, quartz countertops, energy-efficient dual-pane windows, recessed LED lighting, water-resistant vinyl oak flooring, and tankless water heaters. The kitchens feature contemporary cabinet styles (white/oak or sage green) with sleek gold hardware and fixtures. Cooling/heating is provided by Innovair mini splits. The images confirm a pristine, modern aesthetic with no signs of wear or deferred maintenance, aligning perfectly with the 'excellent' condition criteria for a newly built property.
Pros & Cons

Pros

Brand New Construction (2025): The property is a 2025 new construction, offering state-of-the-art amenities, modern finishes, and minimal immediate maintenance concerns, appealing to both tenants and owners.
Exceptional Income-Generating Potential: Comprising two duplexes (4 units) with a projected 6.38% cap rate and $150,000/year gross income, it's ideal for investors or owner-occupants seeking significant mortgage offset.
Energy Efficiency & Cost Savings: Equipped with owned solar, energy-efficient dual-pane windows, and tankless water heaters, contributing to lower utility expenses and enhanced long-term value.
Strategic Location & Accessibility: Situated near popular Vista attractions like Moonlight Amphitheatre, shopping, dining, and offering easy freeway access to the beach, ensuring strong tenant demand.
Modern & Thoughtful Unit Design: Each unit features contemporary kitchens with high-end appliances (LG, Frigidaire), quartz countertops, Innovair mini splits, and stylish finishes, catering to modern living standards.

Cons

High Entry Price Point: The $2.35 million list price represents a substantial capital outlay, potentially narrowing the buyer pool to well-qualified investors or high-net-worth individuals.
Intensive Property Management: Managing four separate units, even with separate metering, demands considerable time and effort for tenant relations, maintenance, and lease administration compared to a smaller property.
Limited Individual Private Outdoor Space: While there is fresh landscaping, the description does not emphasize extensive private yards or dedicated outdoor areas for each unit, which could be a preference for some renters.

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