1510 Melrose Way
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1510 Melrose Way

C

Vista, CA 92081

$999,999
NEW — 0d

Beds

4

Baths

2.5

Sqft

1,475

Year Built

1954

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2603706

This property is in Vista (92081). View neighborhood stats →

Virtual Tour

About This Property

Welcome to 1510 Melrose Way—an extensively renovated Vista home set on a private, over half-acre lot with owned solar and exceptional indoor-outdoor living. Tucked away with a sense of space and seclusion, this property offers a rare combination of modern upgrades and usable land—ideal for buyers seeking both comfort and flexibility. Inside, the home features 3 bedrooms, 2.5 bathrooms, and an optional bonus space, all thoughtfully redesigned with a clean, contemporary aesthetic. The upgraded kitchen serves as the centerpiece of the home, showcasing quartz countertops, a stylish tile backsplash, modern oak shaker cabinetry, and a full appliance package—perfect for everyday living and entertaining alike. Throughout the home, you’ll find luxury vinyl plank flooring, updated lighting, and beautifully refreshed bathrooms with quartz surfaces and designer finishes, creating a cohesive and move-in ready feel. A standout feature of the property is the detached pool house (approximately 200 sq ft), complete with its own mini split system and a mini kitchen with sink and refrigerator. This versatile space is ideal for guests, a home office, gym, or creative studio—adding meaningful flexibility to the property. The home also includes a functional one-car garage, a large storage shed for additional utility or potential use, and generous driveway space. Step outside to your private backyard retreat featuring an existing pool, refreshed landscaping with irrigation, and ample room to expand, garden, or simply enjoy the peaceful surroundings. The size and layout of the lot offer a level of privacy and opportunity that is increasingly hard to find. With owned solar, thoughtful upgrades throughout, and a versatile layout on a spacious lot, 1510 Melrose Way delivers a unique opportunity to enjoy modern living with room to grow.

Mortgage Calculator

Est. Monthly Payment

$6,348

Principal & Interest$5,057
Property Tax$1,000
Insurance$292
%($200,000)
%

Location

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Investment Score

30C
Est. Monthly Rent
$4,500
Monthly Cashflow

Rent − PITIA

$-1,849
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,717

Mortgage (P+I)
$5,057
Cap Rate
1.61%
Cash-on-Cash
-22.30%
DSCR

Need ≥ 1.25 for DSCR loan

0.71
Break-even Rent
$9,327

NOI (Annual)
$16,076
Price-to-Rent

Lower = better for investors

18.5

* Defaults: 20% down, 6.5% rate, 30yr.

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

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