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6937 Kellyn Lane, Vista, CA 92084

AA
01998195
Compass
Listed by Compass
$1,740,000
95 days on market
Updated 31 days ago

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.
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Listing Contacts

AA
01998195
Compass
Listed by Compass

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Zoning

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RR-AR(L)-D(-)-LOT(2AC)-BT(C)-MFAR(-)-FAR(-)-H(G)-COV(-)-SB(W)-OS(-)-SR(-) ResidentialMulti FamilyRural Residential
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Last updated Mar 9, 2026 For deeper zoning details, reports are available at Zoneomics

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