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Property profile & analytics
FOR LEASE
Mobile home & RV parks
400 S Melrose Dr, Vista, CA 92081
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9673585
For Lease
1 / 5
$2 SF/Yr
400 S Melrose Dr, Vista, CA 92081
View Listing →
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Lot
6.38 ac (277,912 SF)
Zoning code
RESTRICTED COMMERCIAL
APN
163-270-28-00
UPID
US09-9673585
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Christoph Law Offices Law Firm
-
jD LAW Law Firm
-
Nicholas W. Christoph, Attorney at Law Law Firm
-
Palms Campground & RV Park
-
jD Law Criminal Defense Attorneys Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Coseo Family Three LLC · 6 yrs held
Coseo Family Three LLC
since 2019
7 recorded transactions
Zoning & alternative use
RESTRICTED COMMERCIAL · Vista, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Vista submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vista submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$45,051
Tax year 2024
Assessed value
$792,749
Assessed 2024
Previous assessed
$792,749
+0.0% YoY
Effective rate
5.68%
On assessed value
Assessed land
$373,722
Assessed improvement
$419,027
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Status
For Lease
Heating
NONE
Lot
6.38 ac (277,912 SF)
Zoning code
RESTRICTED COMMERCIAL
APN
163-270-28-00
UPID
US09-9673585
Jurisdiction
SAN DIEGO
Zoning & alternative use
RESTRICTED COMMERCIAL · Vista, CA
Zoning RESTRICTED COMMERCIAL · permitted uses
RESTRICTED COMMERCIAL · Vista, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vista. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
6.38 ac
Current owner
From public records · entity-resolved
Coseo Family Three LLC
Entity
Mailing address
2091 GIRD RD, FALLBROOK, CA 92028-8892
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2021
—
Coseo Family Three LLC
—
Deed
related
$8,025,000 · Farmers & Merchants Bank
Dec 31, 2019
—
Coseo Family Three LLC
Cpi Apartment Fund 17 LLC
Quitclaim Deed
$8,097,395 · Northern Tr
Jul 29, 2019
—
Murray,j K & M D Family Trust
Jerome K Murray
Affidavit Of Death
related
—
Jul 27, 2017
$9,850,000
Cpi Apartment Fund 17 LLC
Melrose Law Center LLC
Trust Deed
$8,175,000 · Northern Tr
Mar 29, 2013
—
Jerome K Murray
Jerome K Murray
Intrafamily Transfer
related
$1,575,000 · Jpmorgan Chase Bank NA
May 24, 2005
—
Murray Family
Jerome K Murray
Quit Claim Deed
related
—
Nov 1, 1990
$70,500
Jerome K Murray
Gray Bernice B
Quit Claim Deed
related
$875,000 · First Nationwide Bank
Nov 1, 1990
$21,500
Gray Bernice B
Murrieta Rosemar
Trustees Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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