Multifamily Property for Sale in Vista, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Vista, CA 92084

Description

Marcus & Millichap, as the exclusive listing broker, is pleased to present Clearbrook Terrace, a 38+3 unit multifamily property located at 1010 Clearbrook Lane in Vista, California. Built in 1978 on a spacious 3.06-acre parcel, the community offers an attractive mix of two-bedroom floor plans, substantial outdoor space, and a quiet residential setting at the end of a private driveway. With strong demand for well-located rental housing and proximity to a wide range of amenities, Clearbrook Terrace represents a compelling opportunity in one of North County San Diego’s most desirable rental markets. The property consists of 2 studios, 23 two-bed/one-bath units, and 16 two-bed/two-bath units, providing a balanced and in-demand unit mix. One studio and one two-bed/two-bath unit are non-conforming, and the second studio currently functions as an on-site leasing office with potential for conversion into a studio ADU, subject to all required city or county approvals. All 38 legal two-bedroom units feature either a front or back patio, offering valuable private outdoor space. (The non-conforming units and potential ADU do not include patio areas.) Clearbrook Terrace also benefits from ample parking, including 45 garage spaces and 42 surface spaces, along with an on-site laundry facility. Its location at the end of a private driveway sets the community back from the roadway, reducing noise and creating a more private, neighborhood-oriented environment. The property enjoys a highly convenient Vista location, situated within walking distance of Brengle Terrace Park, home to tennis and pickleball courts, sports fields, a disc golf course, the Alta Vista Botanical Gardens, and the renowned Moonlight Amphitheatre, an outdoor venue hosting concerts and theatrical performances. Residents also benefit from immediate access to East Vista Way, which offers numerous retail centers, restaurants, and daily conveniences. The property is one mile from Vista High School and just over 1.5 mil

Market Context

This multifamily in Vista, CA is listed for sale. It is offered at an approximate 5.3% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 52 days. Compare it against other multifamily listings for sale in Vista, CA — <a href="/search/sale/multifamily/california/vista">view the full market</a>.

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