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    Two-Unit Residential Income Property Title is generated by Realmo AI

    29737-39 Margale Ln, Vista, CA 92084

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    Claim this Listing
    Pending
    $1,350,000

    MULTI_FAMILY - Vista, CA

    Property size:
    3,700 SF
    Lot size:
    1.51 Acres
    Added:
    Mar 20, 2026
    Days on Market:
    76
    Last Refresh:
    Jun 3 at 5:06 pm

    Property Features for 29737-39 Margale Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-1:SINGLE
    Bedrooms
    5
    Bathrooms
    4
    Rooms
    Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 1
    Standard status
    Pending
    APN
    172-012-48-00
    Size
    3,700 SF
    Lot size
    1.51 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1999
    Floors in Building
    1
    Number of units
    2
    Roof type
    Tile

    We can help!

    Listing Contact
    Marc B Abouaf
    Marc B Abouaf

    Listing agent Marc B Abouaf License #01467663

    Listing office Keller Williams La Jolla 7979 Ivanhoe Ave. #350, La Jolla, CA

    Listing date Mar 20, 2026

    MLS# 260009366 Listing URL

    Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1.5‑acre estate with variance granted for property class and fully usable grounds with horses allowed
    • Main residence approx. 2,900 SF with 4 bedrooms and 2.5 baths, plus a 3‑car garage
    • Fully separate 1 bed, 1 bath guest house with its own address, private entrances, balcony, and in‑unit washer/dryer
    • Fenced backyard with mature landscaping and irrigation
    • Year built 1999 with central air cooling
    • Tile roof and full indoor fire sprinkler system

    Overview

    Set on a rare 1.5-acre estate, this variance-granted property offers a spacious main residence plus a fully separate 1-bedroom, 1-bath guest house. Both homes feature private entrances, and the guest house includes a balcony and in-unit washer/dryer. The main residence is approximately 2,900 square feet and is laid out with 4 bedrooms and 2.5 baths, supported by a 3-car garage. Well-maintained grounds include a fenced backyard, mature landscaping, and irrigation, with a flexible layout designed to balance privacy and functionality. The property also benefits from a full indoor fire sprinkler system, and it is fully usable with horses allowed.

    Located in Vista, California, the property is positioned within the highly sought-after Bonsall school district. The setting is described as peaceful and rural, with convenient access to nearby amenities.

    This configuration suits buyers seeking multi-generational living or rental income, with two distinct living areas that can operate independently. The separate guest house makes it a practical option for tenants or family members who value privacy, while the outdoor space and horse allowance add appeal for owner-operators looking for a more lifestyle-oriented residential income setup.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Big Box & Wholesale Store Pharmacy Hotel & Motel Kitchen & Bath Showroom Garden Center Cosmetic Store Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vista
    County
    San Diego
    State
    California
    Longitude
    -117.178217
    Latitude
    33.254355

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    FAQs

    What type of property is this?
    Duplex - Variance-approved multifamily opportunity with a main residence and separate guest house, each with private entry and in-unit laundry.
    Where is this duplex located?
    The property is located at 29737-39 Margale Ln Vista, CA.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: 1.5‑acre estate with variance granted for property class and fully usable grounds with horses allowed; Main residence approx. 2,900 SF with 4 bedrooms and 2.5 baths, plus a 3‑car garage; Fully separate 1 bed, 1 bath guest house with its own address, private entrances, balcony, and in‑unit washer/dryer
    (858) 457-9400
    We can help!
    Listing Contact
    Marc B Abouaf
    Marc B Abouaf
    Real Estate License ID: 01467663
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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