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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
9Beds
5Baths
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
PTP2507973
Home ConditionExcellent
Features
Patio
ViewNeighborhood

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 described as '2025 NEW CONSTRUCTION,' making it brand new. The listing details and images confirm high-quality, modern finishes throughout, including two distinct contemporary kitchen styles (sage green with gold hardware, and white/oak with gold hardware), quartz countertops, new Frigidaire stainless steel appliances, LG washer/dryer, recessed LED lighting, water-resistant vinyl oak flooring, Innovair mini-split cooling/heating systems, and tankless water heaters. All components are new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Brand New Construction: Built in 2025, this property offers modern design, energy efficiency, and minimal immediate maintenance concerns, appealing to both residents and investors.
Significant Income Potential: Comprising two duplexes with four units, the property boasts a projected gross income of $150,000/year and a 6.38% cap rate, providing substantial rental revenue.
Energy-Efficient & Modern Amenities: Equipped with owned solar, tankless water heaters, dual-pane windows, Innovair mini splits, and new appliances, ensuring lower utility costs and contemporary living standards.
Versatile Investment Opportunity: Ideal for owner-occupants using conventional, FHA, or VA loans to offset mortgages by renting three units, and attractive for investors seeking a 1031 exchange opportunity.
Desirable Location: Conveniently located near Moonlight Amphitheatre, Alta Vista Botanical Gardens, downtown Vista shopping/restaurants, and offers easy freeway access to the beach, enhancing tenant appeal.

Cons

High Initial Investment: The $2.35 million list price represents a substantial capital outlay, potentially limiting the pool of prospective buyers to those with significant financial resources.
Management Complexity: Managing four separate units entails increased landlord responsibilities, including tenant screening, maintenance coordination, and legal compliance, which can be demanding.
Reliance on Mini-Split HVAC: While efficient, the use of Innovair mini splits instead of a central air conditioning system might be a preference consideration for some tenants or buyers.

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