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Residential Income for sale : 7 bedrooms : 615-617 Truly Ter in Vista

615-617 Truly Ter Vista

Main Photo: Residential Income for sale : 7 bedrooms : 615-617 Truly Ter in Vistabanner
$1,200,000
Prop. Type:
Residential Income
MLS® Num:
260007885
Status:
Active
Bedrooms:
7
Bathrooms:
3
Year Built:
1964
PROPERTY IS TENANT OCCUPIED, PLEASE DO NOT DISTURB TENANTS. Exceptional value-add opportunity in the heart of Vista with approved plans in place and significant upside potential. This unique property currently features two permitted units generating stable income, with an exciting opportunity to convert an existing structure into a third unit — a spacious 2-bedroom, 1-bath residence approximately 820 sq ft. With permits already approved, much of the heavy lifting has been done, allowing a buyer to step in and unlock immediate additional income and value. Projected rental income after completion positions this property as a strong performer with increased cash flow and long-term appreciation potential. Beyond the current plans, the property is also zoned for an additional ADU, offering the rare opportunity to expand to a 4-unit configuration. The lot provides the space and flexibility to execute a multi-phase value-add strategy, making this an ideal investment for those looking to scale. Whether you’re an investor seeking forced appreciation and long-term upside, or an owner-occupant looking to offset your mortgage with rental income, this property offers a compelling combination of current income, approved expansion, and future development potential. Located in a desirable North County setting with convenient access to shopping, dining, and major commuter routes, this is a rare chance to acquire a property with both immediate stability and scalable growth.
Property Sub Type:
Res Income 2-4 Units
Number of Buildings:
1
County Or Parish:
San Diego
Market Area:
North County
Neighborhood Code:
Downtown Vista
Name of Complex/Subdivision:
VISTA
Building Name:
N/A
Total Building Area:
Switch units of measure2,400 sq. ft.
Total Floor Area:
Switch units of measure0 sq. ft.
Total Bedrooms:
7
Bathrooms:
3
Full Bathrooms:
3
Half Bathrooms:
0
Stories:
2 Story
Total Stories:
2
Year Built:
1964
Age (in years):
Switch units of measure62 year(s)
Short Sale:
false
Home Owner Fees Include:
N/K
Mello Roos Fee:
$0
Other Fees:
$0
Other Fee Type:
N/K
Monthly Total Fees:
$0
Terms:
Cash, Conventional, FHA, VA
Cap Rate.:
4.1
Gross scheduled income:
63480.0
Other income actual:
0
Operating expense:
13640.0
Number of Units:
3
Number of Units with Cooling:
0
Tenant pays:
Electricity, Hot Water, Sewer, Trash, Water
Unit Number for Unit 1:
615
Unit Number for Unit 2:
617
Unit Number for Unit 3:
615A
Projected Rent for Unit 1:
$2,860
Projected Rent for Unit 2:
$2,530
Projected Rent for Unit 3:
$2,750
Site Influences:
Public Street, Sidewalks
View:
City, Evening Lights, Mountains/Hills, Panoramic
Complex Features:
Other/Remarks
Special Listing Conditions:
N/K
Age Restrictions:
N/K
Miscellaneous:
N/K
Exposure Front:
Open Space
Construction Material:
Stucco
Lot Size:
Switch units of measure0 sq. ft.
Parcel Number:
175-370-03-00
Heating:
Fireplace, Wall/Gravity
Heating fuel:
Natural Gas
Cooling:
N/K
Utilities:
Sewer Connected
Pool Features:
N/K
Spa Features:
N/K
Roof:
Composition
Security:
N/K
Telecommunications:
N/K
Water supply:
Meter on Property
Irrigation:
N/K
Pets Allowed:
Yes
Fencing:
Partial
Possession Details:
Close of Escrow
Listed by eXp Realty of California, Inc.
Data was last updated April 6, 2026 at 01:10 AM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty

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