Rare turn-key cash flow and development opportunity. This 4 unit property has been meticulously and thoughtfully renovated. Live in one and rent out the others! Close to high-end retail, transit, Paseo Santa Fe, and historic Downtown Vista. Every unit features brand new kitchens with new stainless steel appliances, stacked washer and dryer, luxury bathroom finishes, durable flooring, modern layouts, and more. Each unit has its own electric meter. Brand new HVAC, water heaters, windows, doors, roofs, landscaping, concrete, plumbing, wiring, and more. The 7-bay garage could be partitioned and doored for additional revenue. Downtown Zoning (Transit) overlay allows multiple uses and residential up to 10 units on this parcel (40 units per acre - see attached documents).
Multi-familyProperty Type
1978Year Built
0.26 acresLot Size
$537Est. Price/Sq.Ft.
7 garage spacesParking
Listed by Trevor Smith•DRE #01700986• Lily Field Realty
Discover an exceptional 4-unit investment property nestled near Vista Village. Offering diverse living spaces—(1) 2-bed/1-bath, (2) 2-bed/2-bath, and (1) 1-bed/1-bath—this gem ensures a steady rental income. Perfectly located near restaurants, bars, and transport hubs, it guarantees convenience for tenants and maximizes returns. Boasting shared yards, in-unit laundry, and garages, it's a tenant's dream. With versatile investment potential for renovation, flip, or redevelopment, this property exceeds expectations in the Southern California market, averaging $2,750/month rent. Explore this opportunity firsthand; your investment journey begins here! Potential to easily convert the 2 bedroom/1 bath and 1 bedroom/1bath units to a 3 bedroom/ 2 bath fully detached single unit.
Public Records
Oct 13, 1977
Sold
$125,000
$35/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$17,234 (+9.0%)
$1,122,000 + $672,282
$1,794,282
2024
$15,804 (+273.0%)
$928,200 + $408,000
$1,336,200
2023
$4,237 (+0.2%)
$910,000 + $400,000
$1,310,000
2022
$4,229 (+2.2%)
$55,599 + $191,498
$247,097
2021
$4,140 (+1.0%)
$54,509 + $187,744
$242,253
2020
$4,101 (+1.2%)
$53,441 + $184,063
$237,504
2019
$4,050 (+3.3%)
$52,894 + $182,176
$235,070
2018
$3,922 (+1.2%)
$51,857 + $178,604
$230,461
2017
$3,876 (+2.3%)
$49,845 + $171,669
$221,514
2016
$3,789 (+0.8%)
$49,845 + $171,669
$221,514
2015
$3,759 (+2.2%)
$48,868 + $168,303
$217,171
2014
$3,678
$47,192 + $162,528
$209,720
2013
$3,674 (+1.5%)
$47,192 + $162,528
$209,720
2012
$3,619 (+3.5%)
$46,979 + $161,794
$208,773
2011
$3,497 (+1.6%)
$46,058 + $158,622
$204,680
2010
$3,442 (+1.5%)
$45,155 + $155,512
$200,667
2009
$3,390 (+2.8%)
$44,818 + $154,350
$199,168
2008
$3,297
$44,925 + $154,717
$199,642
Tax history for 162 Terracina Way
Year
Property tax
Land + Additions
Assessment*
2025
$17,234 (+9.0%)
$1,122,000 + $672,282
$1,794,282
2024
$15,804 (+273.0%)
$928,200 + $408,000
$1,336,200
2023
$4,237 (+0.2%)
$910,000 + $400,000
$1,310,000
2022
$4,229 (+2.2%)
$55,599 + $191,498
$247,097
2021
$4,140 (+1.0%)
$54,509 + $187,744
$242,253
2020
$4,101 (+1.2%)
$53,441 + $184,063
$237,504
2019
$4,050 (+3.3%)
$52,894 + $182,176
$235,070
2018
$3,922 (+1.2%)
$51,857 + $178,604
$230,461
2017
$3,876 (+2.3%)
$49,845 + $171,669
$221,514
2016
$3,789 (+0.8%)
$49,845 + $171,669
$221,514
2015
$3,759 (+2.2%)
$48,868 + $168,303
$217,171
2014
$3,678
$47,192 + $162,528
$209,720
2013
$3,674 (+1.5%)
$47,192 + $162,528
$209,720
2012
$3,619 (+3.5%)
$46,979 + $161,794
$208,773
2011
$3,497 (+1.6%)
$46,058 + $158,622
$204,680
2010
$3,442 (+1.5%)
$45,155 + $155,512
$200,667
2009
$3,390 (+2.8%)
$44,818 + $154,350
$199,168
2008
$3,297
$44,925 + $154,717
$199,642
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
7
Baths
6
Stories
—
Lot width
—
Lot depth
—
Lot size
0.26 Acres
Year renovated
1978
Sq. Ft.
3,585
Year built
1978
Style
Multi-Family (2-4 Unit)
County
San Diego County
APN
1633322200
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 20, 2026.
Property details
Parking
Parking / Garage Information
Uncovered Spaces: 10
# of Garage Spaces: 7
# of Parking Spaces: 17
Interior
Laundry Information
Has Laundry
Dryer Included, Inside, Stackable, Washer Included
Cooling Information
Central, Electric, Ductless
Has Cooling
Interior Features
Entry Level: 1
Entry Location: Exterior
Levels: Two
Unit Type 1 Information
Unit Key Numeric: 11768188
Listing Key Numeric: 373566503
Actual Rent: $2,795
Total # of Baths: 2
Total # of Beds: 2
Total Rent: $2,795
Unit Type 2 Information
Unit Key Numeric: 11768189
Listing Key Numeric: 373566503
Total # of Baths: 2
Total # of Beds: 2
Unit Type 3 Information
Listing Key Numeric: 373566503
Unit Key Numeric: 11768190
Actual Rent: $2,650
Total # of Baths: 1
Total # of Beds: 2
Total Rent: $2,650
Unit Type 4 Information
Listing Key Numeric: 373566503
Unit Key Numeric: 11768191
Actual Rent: $2,650
Total # of Baths: 1
Total # of Beds: 2
Total Rent: $2,650
Expenses
Insurance: $4,800
Water Sewer: $1,485
Multi-Unit Information
# of Units With Refrigerator: 4
# of Units With Range: 4
# of Units With Patio: 4
# of Units With Disposal: 4
# of Units With Dishwasher: 4
Sq. Ft.
Total Building Area: 3,585
Gross Scheduled Income: $131,340
Gross Income: $131,340
Laundry Equipment Own or Lease: Own
# Of Leased Units: 4
# Of Separate Water Meters: 1
# Of Separate Electric Meters: 4
# Of Buildings: 2
Exterior
Exterior Features
Pool Features: None
Lot Information
Lot Size Source: Assessor's Data
Lot Features: 36-40 Units/Acre, Landscaped, Level with Street, Lot 10000-19999 Sqft, Lot-Level/Flat, Near Public Transit
Property Information
Total # of Units: 4
Common Walls: 2+ common walls
Parcel Number: 1633322200
Attached Property
Property Condition: Updated/Remodeled
Total # of Stories: 2
Year Built Source: Assessor
Financial
Assesments Information
Assessments: Buyer to Verify, Sewer Assessments
Utilities
Utilities Information
Sewer: Public Sewer
Location
Neighborhood Information
Community Features: Urban
Location Information
Latitude: 33.20238400
Longitude: -117.24744600
Directions: From 78: Vista Village to Olive Ave. Left on Goetting Way. Right on Terracina. From E Vista Way: Vista Village to Terracina Way
Zoning: Mixed Use. 40 units/acre. Downtown ...
Public facts
Beds: 7
Baths: 6.0
Sq. Ft.: 3,585
Stories: —
Lot Size: 0.26 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1978
Year Renovated: 1978
County: San Diego County
APN: 1633322200
Home facts updated by county records on Aug 20, 2026
Other
Listing Information
Days Active in MLS: 55
Listing Agent Information
List Agent First Name: Trevor
List Agent Last Name: Smith
Listing Office Information
List Office Name: Lily Field Realty
Selling Agent Information
Buyer Agent First Name: Huda
Buyer Agent Last Name: Helton
Selling Office Information
Buyer Office Name: Compass
Around this home
Schools
Breeze Hill Elementary School
Public K-5 • Assigned • 0.9mi
6/10
Madison Middle School
Public 6-8 • Assigned • 2.1mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
One trend I’m seeing is more buyers exploring Vista after living closer to the coast. Better affordability and more space are part of it, but I think the weather is a big draw too. Vista gets abundant sunshine, the marine layer often burns off...