Duplex with Approved Expansion
For Sale
Contact for pricing
615-617 Truly Ter, Vista, CA 92084
Tenant-occupied duplex with approved plans for a third unit and zoning for an additional ADU.
Property Size2,400 SF
Price / SF$500
Days on Market201
Property Features for 615-617 Truly Ter
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multifamily
Building Details
Year Built
1964
Buildings
1
Units
3
Listing Agency:
eXp Realty of California, Inc.
Listed By:
J.R. St Julien · License #02016233
(858) 212-8134
Source:
Crexi
Added: Apr 2
Changed: Oct 8
Last Checked: Oct 16 at 9:26AM
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 eXp Realty of California, Inc.
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Investment Insights
Based on property information with market context.
This tenant-occupied duplex contains two permitted units within approximately 2,400 square feet. Approved plans provide for converting an existing structure into an additional 2-bedroom, 1-bath residence of approximately 820 square feet. The property was built in 1964 and offers an established income component alongside a defined expansion plan.
The site is zoned for an additional ADU, creating a potential four-unit configuration beyond the two units currently in place. Located at 615-617 Truly Ter in Vista, the property combines existing residential occupancy with approved plans and additional development capacity.
The site is zoned for an additional ADU, creating a potential four-unit configuration beyond the two units currently in place. Located at 615-617 Truly Ter in Vista, the property combines existing residential occupancy with approved plans and additional development capacity.
Key Highlights
- Two permitted units currently in place
- Approved plans for an approximately 820 SF, 2‑bedroom, 1‑bath third unit
- Zoned for an additional ADU and potential four‑unit configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,001
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,020
$860.0K
Cap Rate 7%
$614,300
$614.3K
Cap Rate 9%
$477,789
$477.8K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$64.8K $27.00/SF
− Vacancy
−$3.4K −$1.40/SF
EGI
$61.4K $25.60/SF
− OpEx
−$18.4K −$7.68/SF
NOI
$43.0K $17.92/SF
Area
San Diego County, CA
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,020
Cap Rate 7%
$614,300
Cap Rate 9%
$477,789
Alternative Uses
Best Use
Multifamily LT 5
$614.3K
$537.5K – $716.7K
NOI $43,001 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$569.7K
$498.5K – $664.6K
NOI $39,877 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$1.10M
$962.2K – $1.28M
NOI $76,972 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,601
Businesses Nearby
Explore this area
Business Placement
Demographics for 92084, CA
49,941
Population
15,712
Households
3.2
Avg Household Size
37
Median Age
27%
College-Educated
83%
High-School Grad
28.3 sq mi
ZIP Area
1,765
Density / Sq Mi
$97,410
Median Household Income
$42,000
Median Earnings
$1,936
Median Rent
$745,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied duplex with approved plans for a third unit and zoning for an additional ADU.
Where is this duplex located?
The property is located at 615-617 Truly Ter Vista, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two permitted units currently in place; Approved plans for an approximately 820 SF, 2‑bedroom, 1‑bath third unit; Zoned for an additional ADU and potential four‑unit configuration
