1010 Clearbrook Lane
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1010 Clearbrook Lane

Ctop 80% of multifamily

Vista, CA 92084

$13,250,000

Pass at asking: -$11,108/mo full cashflow at 20% down, 7.36% rate.

Works at $11,796,464 (11% under asking), or at 33% down.

Rent $117,080/mo: 40 units of about 935 sqft, each priced from up to 16 closed leases within 1 mi ($106,760–$128,840).

Beds

—

Baths

—

Sqft

37,417

Year Built

1978

Days on Market

346

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

OC25268530

This property is in Vista (92084). Browse neighborhood analytics →

About This Property

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 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 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 Botanical Gardens, and the renowned Moonlight Amphitheatre, an outdoor venue hosting concerts and theatrical performances. Residents also bene?t 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.

Multifamily · 40 units

Valued on income: each unit priced from closed leases nearby, then added up. County records: 40 units.

The listing says 41 units. Check the unit count before relying on these numbers.

UnitUnitsRent eachSubtotal
Average unit~935 sqft · 16 leases within 1 mi40$2,927$117,080
Gross rent, all units$117,080/mo
Gross rent multiplier
9.4

Price ÷ a year's gross rent

Price per unit
$331,250

Median $330,000 across 31 listed 5+ unit buildings in San Diego County

NOI (a year)
$814,187

Default vacancy, management, upkeep, tax, insurance

Cap rate
6.14%

Its grade compares it with other multifamily listings only: a building valued on income isn't ranked against houses and condos.

Five or more units take a commercial loan, whose terms differ from a home loan's; the cashflow below uses the site's default 20% down, 30-year terms. FHA's owner-occupied 3.5% down covers 2–4 units only.

Compare other buildings on the small multifamily page.

Mortgage Calculator

Est. Monthly Payment

$90,218

Principal & Interest$73,103
Property Tax$13,250
Insurance$3,865
%($2,650,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Monte Vista Elementary · grades K-5 · Vista Unified

  • Middle

    Roosevelt Middle · grades 6-8 · Vista Unified

  • High

    Vista High · grades 9-12 · Vista Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

This is a 40-unit building: on the mid-term and short-term tabs, enter the rent, nightly rate and occupancy for all units combined.

Investment Score

41C
Est. Monthly Rent
$117,080

40 units of about 935 sqft, each priced from up to 16 closed leases within 1 mi · $106,760–$128,840

Monthly Cashflow

Rent − PITIA

+$26,862
Full Cashflow

Incl. vacancy, PM, maint, capex

-$11,108

What would make this work?

$11,108/mo short at 20% down; 33% down or +$14,426/mo rent closes it.

Break-even price

11% under asking

$11,796,464
Break-even rent

$14,426/mo above the estimate

$131,506/mo
Cashflow at 35% down
+$2,599/mo
Down payment to break even

$4,372,500 cash

33%
Rate to break even

at 20% down

5.77%

Mortgage (P+I)
$73,103
Cap Rate
6.14%
Cash-on-Cash
-5.03%
DSCR
1.30

NOI (Annual)
$814,187
Price-to-Rent

Lower = better for investors

9.4

* Modelled at 20% down, 7.36% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

Open Full Calculator
CCashflow−$11,108/mo