NOT LISTED FOR SALE

1045-51 Meadow Lake Dr Vista, CA 92084

Vista Area
8 Beds
8 Baths
4,464 Sq Ft
0.3 Acre Lot

Sale Details

Date Sold: February 11, 2026

Last sale price $1,550,000 $347 Per Sq Ft

45 Days on Market

Highlights

  • No Units Above
  • Laundry Facilities
  • 1-Story Property
  • No HOA
  • No Heating

About This Home

As of February 2026

We are pleased to offer for sale the opportunity to acquire the Meadowlake Apartment Homes, an 4 unit apartment community in Vista CA. The 4 plex consists of all large 1,116sq.ft. Two Bedroom/Two Bath units. Each apartment home has a garage, an additional dedicated parking space, and back patio. Some of the units have been fully renovated and have achieved market rent. The others are poised for rehabilitation for value-add or keep as they are with continued rent growth. These feel like small homes rather than apartments. Draught resistant landscape keeps the expenses low. Laundry room provides additional income as well. High cashflow property in an excellent location! High Cap Rate & Low Price per sq.ft! (1037-43 Meadowlake Dr. - Adjacent 4 plex for sale as well - Selling together)

Last Agent to Sell the Property

Dave Plutner

DP Properties Brokerage Email: dplutner@gmail.com License #01273425 Listed on: 10/05/2025

Last Buyer's Agent

Eric von Bluecher

Lee & Associates License #01926201

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 12,867 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Sprinkler System

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 4,464 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • No Heating
  • Sewer Assessments

Listing and Financial Details

  • Tax Tract Number 12236
  • Assessor Parcel Number 1760303100
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,000
  • Trash Expense $1,300
  • Water Sewer Expense $1,980
  • New Taxes Expense $17,145
  • Operating Expense $39,432
  • Gross Income $122,208
  • Net Operating Income $84,943

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0.3 Acres

Parking

4

Listing Details

  • Assessments: Yes
  • CapRate: 5.35
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1980.00
  • Zoning: R-3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 1760303100
  • Year Built: 1968
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No One Above, No One Below
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 355.62

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: No
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Sprinklers: Yes
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Sewer Assessments
  • Trash Expense: 1300.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Sprinkler System
  • Lot Size Sq Ft: 12867.00
  • Lot Size Acres: 0.2954

Multi Family

  • Gross Income: 122208.00
  • Gross Scheduled Income: 122208.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 12867.0000 Square Feet
  • Net Operating Income: 84943.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 39432.00
  • Rent Control: No
  • Total Expenses: 39432.00

Tax Info

  • New Taxes Expense: 17145.00
  • Tax Tract Number: 12236

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 2, 2025
Sold by
Bought by

Purchase Details

Listed on
Jun 28, 2021
Closed on
Aug 19, 2021
Sold by
Bought by
Seller's Agent
Jacob Driver
Compass
Buyer's Agent
Carlos Barajas
Keller Williams San Jose Gateway
List Price
$1,150,000
Sold Price
$1,170,000
Premium/Discount to List
$20,000
1.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,280,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 27, 2020
Sold by
Bought by

Purchase Details

Closed on
Feb 5, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$319,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 2013
Sold by
Bought by

Purchase Details

Closed on
Feb 22, 2012
Sold by
Bought by

Purchase Details

Closed on
Jan 28, 2005
Sold by
Bought by

Purchase Details

Closed on
Jul 15, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,250
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 23, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
7.71%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Vista, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,100,000 Chicago Title
$2,340,000 First American Title
-- None Listed On Document
-- Lawyers Title
-- Lawyers Title
-- None Available
-- None Available
-- --
$495,000 Lawyers Title
$380,000 Chicago Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,280,000
Previous Owner $319,000
Previous Owner $319,000
Previous Owner $312,489
Previous Owner $371,250
Previous Owner $304,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/11/2026 02/11/26 Sold $1,550,000 -2.4% $347 / Sq Ft
11/19/2025 11/19/25 Pending -- -- --
11/16/2025 11/16/25 For Sale $1,587,500 0.0% $356 / Sq Ft
10/22/2025 10/22/25 Pending -- -- --
10/05/2025 10/05/25 For Sale $1,587,500 +35.7% $356 / Sq Ft
08/24/2021 08/24/21 Sold $1,170,000 +1.7% $262 / Sq Ft View Prior Sale
07/02/2021 07/02/21 Pending -- -- --
06/28/2021 06/28/21 For Sale $1,150,000 -- $258 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $16,148 $1,266,444 $974,188 $292,256
2025 $15,344 $1,241,613 $955,087 $286,526
2024 $15,344 $1,217,268 $936,360 $280,908
2023 $15,024 $1,193,400 $918,000 $275,400
2022 $14,991 $1,170,000 $900,000 $270,000
2021 $9,343 $662,312 $267,599 $394,713
2020 $9,278 $655,522 $264,856 $390,666
2019 $9,154 $642,669 $259,663 $383,006
2018 $8,798 $630,069 $254,572 $375,497
2017 $8,671 $617,716 $249,581 $368,135
2016 $8,475 $605,605 $244,688 $360,917
2015 $6,601 $596,509 $241,013 $355,496
2014 $6,441 $584,825 $236,292 $348,533
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2509673

California Regional Multiple Listing Service (CRMLS)
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