Marcus & Millichap RE Invest
Listed by Marcus & Millichap RE Invest
$14,600,000
1010 Clearbrook Lane
Details
APN 1763103500
Property Type Multifamily
Sub Type Apartment Building
Units 41
Cap Rate 5.05%
Buildings 2
Stories 2
Acreage 3.060
Zoning Assessor
Multifamily | 5.05% CAP | 41 Units
Marketing description
Clearbrook Terrace is 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 Diegos 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 bene?ts 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 ?elds, a disc golf course, the Alta Vista Botanic
Listing Contacts
Marcus & Millichap RE Invest
Listed by Marcus & Millichap RE Invest
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Zoning
C-1 CommercialRetail CommercialCommercial
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