Property Description

267 Alestar St presents an attractive four-unit investment opportunity on a desirable corner lot in the heart of Vista, offering investors a well-maintained, professionally managed asset with significant capital improvements and updates to many of the property’s major systems. The approximately 4,260-square-foot property features an attractive unit mix of (1) Three-bedroom, Two-bath unit, (2) Two-bedroom, Two-bath units, and (1) One-bedroom, One-bath unit. The unusually spacious floor plans provide highly desirable living space for tenants, with each unit offering an assigned carport parking space with private storage, plus an individual patio or balcony. Ownership benefits from numerous completed capital improvements designed to enhance long-term property performance, potentially reducing near-term maintenance requirements. Major systems and building components have been updated, replaced, or completed over time, representing a significant investment in the property’s core infrastructure, including decking, railings, plumbing, and water heaters. A comprehensive full-building re-plumbing and water heater replacement project was completed in July 2026, providing a significant infrastructure upgrade for future ownership. Exterior elements have also been addressed in connection with applicable SB 721 requirements, further enhancing the property's long-term maintenance profile. The property also features low maintenance and water-wise landscape elements, helping support efficient water use while maintaining attractive outdoor areas. Both gas and electric utilities are separately metered, helping minimize operating expenses. An on-site laundry room with professionally managed washer and dryer equipment provides an additional income stream for ownership. Ideally located near Downtown Vista, the property offers residents convenient access to popular restaurants, breweries, the Vista Magnet School, Library, and Civic Center. With its spacious unit mix, separately metered utilities, additional laundry income, desirable corner-lot location, and substantial investment in major building systems and capital improvements, 267 Alestar St represents a compelling opportunity to acquire a well-maintained multifamily asset in Vista. PLEASE DO NOT WALK THE PROPERTY OR DISTURB TENANTS.

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Property Details