4-Unit Quadplex with Gated
For Sale
$1,195,000
467 Melrose Dr, Vista, CA 92083
Income-producing multifamily property with off-street parking and a fully enclosed site.
Property SizeContact for details
Lot Size0.26 Acres
Days on Market44
Property Features for 467 Melrose Dr
General Information
Standard status
Active
Total Parking Spaces
8
Lot size
0.26 Acres
Property subtype
Investment
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
3 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
5
Additional Details
Cap Rate
5.51%
Amenities
gated
Building Details
Year Built
1959
Stories
1
Units
4
Listing Agency:
Apartment Realty Group (ARG)
(858) 247-1095
Listed By:
Angelo La Bruna · License #01991625
(858) 247-1095
Source:
Elliman
Added: Jul 18
Changed: Aug 29
Last Checked: Apr 24 at 7:49PM
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 Apartment Realty Group (ARG)
Investment Insights
Based on property information with market context.
This 3,920-square-foot quadplex, built in 1959, contains four units with a mix of three 1-bedroom/1-bath residences and two 2-bedroom/1-bath residences. The property also includes a nonconforming fifth unit, eight off-street parking spaces, and a large fully gated 11,507-square-foot lot.
Located at 467 Melrose Dr in Vista, the property sits across from Vista Focus Academy and is less than 1 mile from Vista Village and CA-78. Reported financial metrics include a 5.51% CAP rate and a 7.89% pro forma CAP rate. The configuration supports both multifamily ownership and potential owner-user consideration.
Located at 467 Melrose Dr in Vista, the property sits across from Vista Focus Academy and is less than 1 mile from Vista Village and CA-78. Reported financial metrics include a 5.51% CAP rate and a 7.89% pro forma CAP rate. The configuration supports both multifamily ownership and potential owner-user consideration.
Key Highlights
- 3,920‑square‑foot quadplex built in 1959
- Four units plus one nonconforming fifth unit
- Unit mix includes three 1Bed/1Bath and two 2Bed/1Bath residences
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
986
Businesses Nearby
Explore this area
Business Placement
Demographics for 92083, CA
39,219
Population
11,901
Households
3.3
Avg Household Size
33
Median Age
20%
College-Educated
75%
High-School Grad
5.5 sq mi
ZIP Area
7,131
Density / Sq Mi
$82,614
Median Household Income
$40,145
Median Earnings
$2,104
Median Rent
$607,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Income-producing multifamily property with off-street parking and a fully enclosed site.
Where is this quadplex located?
The property is located at 467 Melrose Dr Vista, CA.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 3,920‑square‑foot quadplex built in 1959; Four units plus one nonconforming fifth unit; Unit mix includes three 1Bed/1Bath and two 2Bed/1Bath residences
