1060 Crest View Rd
Dbottom 20%Vista, CA 92081
Pass at asking: -$28,849/mo full cashflow at 20% down, 7.36% rate.
Works at $425,087 (90% under asking); even all cash loses money at asking.
Rent $4,219/mo from 17 leases of 2–4 bed houses within 2 mi ($3,922–$4,399).
Beds
3
Baths
2
Sqft
1,789
Year Built
1935
Days on Market
146
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2605928
This property is in Vista (92081). View neighborhood stats →
About This Property
Premier Residential Development Opportunity – Vista, California Rare opportunity to acquire ±3.38 acres consisting of three legal parcels totaling approximately 147,094 square feet in one of North San Diego County’s most desirable housing markets. Zoned R-1-1000, the property offers significant subdivision potential with an estimated yield of approximately 11–13 single-family residential lots, subject to City approvals and engineering review. Strategically located within an established residential neighborhood with excellent visibility from State Route 78, the site provides convenient access to schools, shopping, employment centers, healthcare facilities, and major transportation corridors. The property includes a charming 1,789-square-foot ranch-style home with three bedrooms, two bathrooms, and a detached garage that may provide interim rental income while development plans are pursued. Potential development scenarios include a conventional subdivision, homes with ADUs, or premium estate-sized lots. Potential valley, city light, sunset, and distant ocean views further enhance the property's appeal. Exceptional opportunity for builders, developers, and investors seeking a premier residential development site in the City of Vista.
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Est. Monthly Payment
$28,597
Location
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Zoned Schools
Elementary
Breeze Hill Elementary · grades K-5 · Vista Unified
Middle
Madison Middle · grades 6-8 · Vista Unified
High
Rancho Buena 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.
Investment Score
17 leases of 2–4 bed houses within 2 mi · $3,922–$4,399
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$28,849/mo short at 20% down; +$37,466/mo rent closes it.
- Break-even price
- $425,087
- Break-even rent
- $41,685/mo
- Cashflow at 35% down
- −$24,504/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
90% under asking
$37,466/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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.
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