Corner Four-Unit Residential Income
267 Alestar, Vista, CA 92084
New
Four spacious units on a corner lot, each with a carport and private storage, plus on-site laundry facilities.
Type:Investment
Property size:
4,260 SFPrice / SF:
$352/SF- Added:
- Jul 1, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 4 at 3:43 am
Property Features for 267 Alestar
General Information
- Standard status
- Active
- Size
- 4,260 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1965
Listing office (310) 350-5067
Listing date Jul 1, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Stephan McLaughlin
HighLights
- Four‑unit investment property on a corner lot built in 1965
- Unit mix includes three 3BD/2BA units, two 2BD/2BA units, and one 1BD/1BA unit
- Approx. 4,260 SF with assigned carport parking and a private storage unit for each unit
- Each unit has its own patio or balcony, plus on‑site laundry with managed washer/dryer equipment
- Gas and electric are separately metered; extensive capital improvements include full building replumbing and water heater replacement scheduled to complete by mid‑July
- Professionally managed and maintained with prior upgrades to decking, railings, and plumbing systems
Overview
This corner four-unit residential income property includes three distinct unit types: one three-bedroom, two-bath unit; two two-bedroom, two-bath units; and one one-bedroom, one-bath unit. The apartments are described as having unusually spacious floor plans, and each unit has an assigned carport parking space along with a private storage unit. Residents also have a patio or balcony, and the property provides an on-site laundry facility with managed washer and dryer equipment.
The building is professionally managed and well maintained. The remarks note numerous capital improvements over the years, including upgrades to decking, railings, and plumbing systems. A full building replumbing and water heater replacement project is currently underway and scheduled for completion by mid-July. Gas and electric utilities are separately metered for each unit. WalkScore is 42 (car-dependent) and transitScore is 32 (some transit), while bikeScore is 29 (somewhat bikeable).
For buyers, the unit mix supports a range of household sizes, including both one- and two-bedroom options alongside a three-bedroom layout. On-site laundry with managed equipment adds a practical component to operations, while the ongoing plumbing and water heater replacement provides near-term capital clarity. The property is positioned near Downtown Vista and is described as close to restaurants, breweries, Vista Magnet School, the Library, and the Civic Center.
The building is professionally managed and well maintained. The remarks note numerous capital improvements over the years, including upgrades to decking, railings, and plumbing systems. A full building replumbing and water heater replacement project is currently underway and scheduled for completion by mid-July. Gas and electric utilities are separately metered for each unit. WalkScore is 42 (car-dependent) and transitScore is 32 (some transit), while bikeScore is 29 (somewhat bikeable).
For buyers, the unit mix supports a range of household sizes, including both one- and two-bedroom options alongside a three-bedroom layout. On-site laundry with managed equipment adds a practical component to operations, while the ongoing plumbing and water heater replacement provides near-term capital clarity. The property is positioned near Downtown Vista and is described as close to restaurants, breweries, Vista Magnet School, the Library, and the Civic Center.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.0k | $27.00 |
| − Vacancy | −$6.0k | −$1.40 |
| EGI | $109.0k | $25.60 |
| − OpEx | −$32.7k | −$7.68 |
| NOI | $76.3k | $17.92 |
4,260 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$954.1K – $1.27M
NOI $76,327 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$1.01M
$884.8K – $1.18M
NOI $70,782 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,625 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Vista
- County
- San Diego
- State
- California
- Longitude
- -117.2291583
- Latitude
- 33.2015637
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Four spacious units on a corner lot, each with a carport and private storage, plus on-site laundry facilities.
Where is this quadplex located?
The property is located at 267 Alestar Vista, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Four‑unit investment property on a corner lot built in 1965; Unit mix includes three 3BD/2BA units, two 2BD/2BA units, and one 1BD/1BA unit; Approx. 4,260 SF with assigned carport parking and a private storage unit for each unit
