Compass
Listed by Compass
$1,740,000
Bonsall
Details
APN 1274107000
Property Type Multifamily
Sub Type Apartment Building
Units 2
Cap Rate 2.50%
Buildings 2
Acreage 2.570
Multifamily | 2.50% CAP | 2 Units
Marketing description
6937-39 Kellyn Lane | Three Rentable Spaces. Owned Solar. Zoned for a Third Structure. Two fully equipped residences plus a lower-level studio on 2.57 acres along the Vista/Bonsall border, 7 minutes to I-15. Gross rental income potential of $8,000K+/month across three spaces. Live in one residence and rent the others, or operate as a fully income-producing compound. The California farmhouse (2019) has an estimated market rental rate of $3,200+/month. The eco-steel residence (2023) has an estimated rental rate of $3,500+/month with a separate lower-level unpermitted studio at $additional/month if permitted. Both homes are fully electric with owned solar and SDG&E bills were $0 for three consecutive summer months in 2025. Total documented annual utility cost: $6,807. Water lines are separable, shifting remaining utility costs to tenants and improving NOI without capital investment. Property is zoned to support construction of a third structure, adding long-term income upside not reflected in current numbers. Floor-to-ceiling windows, panoramic hillside views, Trex decking, mini-split HVAC, Tesla charging, rainwater irrigation, and separate laundry in each residence. Minimal deferred maintenance with the primary income-producing structure just three years old. Gross scheduled income: $85,800/year. Operating expenses documented. Shown by appointment. NOTE: Studio is not permitted and should be in order to create legal rental.
Listing Contacts
Compass
Listed by Compass
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Zoning
RR-AR(L)-D(-)-LOT(2AC)-BT(C)-MFAR(-)-FAR(-)-H(G)-COV(-)-SB(W)-OS(-)-SR(-) ResidentialMulti FamilyRural Residential
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 126 uses
View all 126 uses Last updated Mar 9, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
