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28707578
28707603

1010 Clearbrook Ln, Vista, CA 92084

TL
CA CA 01451551
Marcus & Millichap - Orange County
AB
CA 01974830
Marcus & Millichap - Orange County
Listed by Marcus & Millichap - Orange County
$13,950,000
184 days on market
Updated 30 days ago

Clearbrook Terrace

Details
APN 176-310-35
Property Type Multifamily
Sub Type Apartment Building
Square Footage 37,417
Net Rentable (SqFt) 37,417
Units 41
Cap Rate 5.33%
NOI $743,954
Pro-Forma Cap Rate 6.45%
Pro-Forma NOI $899,767
Price per SqFt $373
Year Built 1978
Buildings 2
Stories 2
Acreage 3.060
Ownership Fee Simple

Multifamily | 38+3 Units | $364,634/unit

Marketing 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 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.

*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

Investment highlights

DIVERSE UNIT MIX WITH PRIVATE OUTDOOR SPACE

Clearbrook Terrace includes 38 legal units, consisting of 23 two-bed/one-bath and 15 two-bed/two-bath units, plus 2 non-conforming units (1 studio & 1 two-bed/two-bath), and 1 potential studio ADU (currently used as a leasing office). All 38 legal two-bedroom units feature either a front or back patio, offering desirable private outdoor space.

SPACIOUS 3.06-ACRE PARCEL

Clearbrook Terrace sits on an expansive 3.06-acre lot with a private driveway, giving residents a quiet, set-back living environment with reduced street noise and enhanced privacy.

AMPLE PARKING & ON-SITE LAUNDRY

The community provides exceptional parking capacity, including 45 garage spaces and 42 surface spaces, along with a centrally located on-site laundry facility serving the tenant base.

NEAR BRENGLE TERRACE PARK & MOONLIGHT AMPHITHEATRE

Residents enjoy walking-distance access to Brengle Terrace Park, featuring tennis and pickleball courts, sports fields, a disc golf course, the Alta Vista Botanical Gardens, and the popular Moonlight Amphitheatre performance venue.

CONVENIENT ACCESS TO DAILY NECESSITIES

Positioned just off East Vista Way, the property is moments from numerous retail centers, restaurants, and local services, supporting strong day-to-day tenant demand.

EASY CONNECTIVITY TO STATE ROUTE 78

The property sits just over 1.5 miles from SR-78, providing residents with efficient access to major employment centers and destinations throughout North County and greater San Diego County.

Listing Contacts

TL
CA CA 01451551
Marcus & Millichap - Orange County
AB
CA 01974830
Marcus & Millichap - Orange County
Listed by Marcus & Millichap - Orange County

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$743,954.00
$61,996.17/mo

Valuation Metrics

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DSCR
5.33%
Cap Rate
5.33%
ROI

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Additional Information

Name
Tyler Leeson
License
CA 01451551
Brokerage Phone
7147139086
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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