Regarding the "Masi Teams" perhaps Brian Bayliss can provide more info, but I think the coast team the Jim Allen mentioned was a Carlsbad team sponsored by Autofast Freight in the mid/late 70s - that timing doesn't jibe with the bike's desciption. The other team was the San Diego Bicycle which was sponsored by Masi in the early 80's, we raced in yellow wool jerseys with MASI embroidered across the middle front and back - but that was after they had moved to Escondido were run by Ted Kirkbride, I think by then Simonetti had moved on to Medici, so that doesn't jibe either. Team Dare doesn't count because that was just 2-3 years ago and those bikes where made in Taiwan. BTW Team Dare was also sponsored by Simonetti a few years ago and I raced a Mike Howard built aluminum model. Of course that was before he gained more infamy as the LA hair bandit.
It's from the color it sounds more like one of the 80's bike made in Escondido, I remember a few guys had green ones - 3-Vs and Nuovo Stradas.
Tom Gates (former SDBC & TEAM DARE member)