2-Unit Multifamily
New
For Sale
$1,149,999
615 Truly Terrace, Vista, CA 92084
Residential Income, Vista, CA
Property Size2,400 SF
Lot Size0.22 Acres
Price / SF$479.17
Days on Market2
Property Features for 615 Truly Terrace
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 6, Bedroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 7, Bathroom 2, Bedroom 5, Bedroom 4
Pets allowed
Yes
Exterior features
Cul-De-Sac
Subdivision
VISTA
View
Hills
Directions
78 to Civic Center Dr, Head North. Right on E. Vista Wy. Left on Townsite Dr. Left on Truly Ter. Continue to end of driveway.
Standard status
Active
APN
175-370-03-00
Size
2,400 SF
Lot size
0.22 Acres
Additional Details
Tenant in Place
Yes
Utilities
Heating system
Gravity
Building Details
Year built
1964
Floors in Building
2
Number of units
3
Roof type
Composition
Listing Agency:
Coastal Luxe Properties, Inc
Listed By:
Kylie E Reiter · License #01447190
(858) 705-1699
Added: Nov 2
Last Checked: Nov 3 at 11:06AM
MLS# 260026148
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.
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Investment Insights
Based on property information with market context.
This 2,400-square-foot multifamily property includes two permitted rental units, both tenant-occupied. Approved plans provide for converting an existing structure into an approximately 820-square-foot residence with 2 bedrooms and 1 bathroom. The 0.2248-acre site also has potential for additional ADU development, subject to buyer verification, site feasibility, and applicable approvals.
Built in 1964, the property is on a cul-de-sac and has gravity heating and a composition roof.
Built in 1964, the property is on a cul-de-sac and has gravity heating and a composition roof.
Key Highlights
- Two permitted rental units, both currently occupied
- Approved conversion plans for an approximately 820‑square‑foot, 2‑bedroom, 1‑bath residence
- 0.2248‑acre parcel with potential for additional ADU development, subject to verification and approvals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,877
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,540
$797.5K
Cap Rate 7%
$569,671
$569.7K
Cap Rate 9%
$443,078
$443.1K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$76.3K $31.80/SF
− Vacancy
−$3.8K −$1.59/SF
EGI
$72.5K $30.21/SF
− OpEx
−$32.6K −$13.59/SF
NOI
$39.9K $16.62/SF
Area
San Diego County, CA
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,540
Cap Rate 7%
$569,671
Cap Rate 9%
$443,078
Alternative Uses
Best Use
Apartment 5plus
$569.7K
$498.5K – $664.6K
NOI $39,877 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$962.2K – $1.28M
NOI $76,972 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,601
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Both permitted rental units are occupied, and approved plans allow conversion of an existing structure into another residence.
Where is this multifamily property located?
The property is located at 615 Truly Terrace Vista, CA.
What is the asking price?
The asking price for this property is $1,149,999.
What are key features of this property?
This property features: Two permitted rental units, both currently occupied; Approved conversion plans for an approximately 820‑square‑foot, 2‑bedroom, 1‑bath residence; 0.2248‑acre parcel with potential for additional ADU development, subject to verification and approvals
