1010 Clearbrook Ln - Apartments FOR SALE


Vista, CA 92084
$14,950,000 USD
714-713-9086
1010 Clearbrook Ln, Vista, CA for Sale
$14,950,000 USD
Apartments - FOR SALE
1/30
null | 4.9% Cap Rate

1010 Clearbrook Ln
Vista, CA 92084


HIGHLIGHTS

  • 38 legal units, consisting of 23 two-bed/one-bath and 15 two-bed/two-bath units, plus 2 non-conforming units and 1 potential studio ADU.
  • All 38 legal two-bedroom units feature either a front or back patio, offering desirable private outdoor space.
  • expansive 3.06-acre lot with a private driveway, giving residents a quiet, set-back living environment with reduced street noise and enhanced privacy.
  • 45 garage spaces and 42 surface spaces, along with a centrally located on-site laundry facility serving the tenant base.
  • Residents enjoy walking-distance access to Brengle Terrace Park and the popular Moonlight Amphitheatre performance venue.
  • Tthe property is moments from numerous retail centers, restaurants, and local services, supporting strong day-to-day tenant demand.

OVERVIEW

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 miles from State Route 78, providing easy connectivity throughout San Diego County. Clearbrook Terrace offers investors the opportunity to acquire a sizable, well-located multifamily asset with a strong unit mix, ample parking, private outdoor space, and proximity to some of Vista’s most desirable amenities and employment drivers.

FOR SALE DETAILS

PRICE

$14,950,000 USD

PRICE/SF

$400 USD /SF

# OF UNITS

41

PRICE/UNIT

$364,634

CAP RATE

4.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Clearbrook Terrace Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

87

LAND DETAILS

LAND ACRES

3.06 AC

LAND SF

133,294 SF

ZONING

R3, Vista

APN/PARCEL ID

176-310-35

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.