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$ 3,699,000
Est. payment | /mo
2 Beds
2 Baths
0.34 Acres Lot
$ 3,699,000
Est. payment | /mo
2 Beds
2 Baths
0.34 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision East Escondido
MLS Listing ID OC26160522
Bedrooms 2
Lot Size 0.339 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
This 1988 constructed complex is down the street from Downtown Escondido, and consists of (10) 2 Bedroom Units, plus a non-conforming studio. All units have been recently renovated, providing a low-maintenance investment with immediate cash flow. The property offers a 5.31% current cap rate with upside. Situated in a highly walkable location with a 90 Walk Score, the property is just 0.4 to 0.6 miles from Downtown Escondido's restaurants, retail, and entertainment. The surrounding area boasts an average household income of approximately $103,000, while homeownership costs are approximately double the average apartment rent. Additionally, the property is not subject to local rent control, providing greater operational flexibility for future ownership.
Location
State CA
County San Diego
Zoning Assessor
Direction Google Maps Please
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 2293107500
Listed by Pat Swanson, DRE#01382974 Pat Swanson
Nearby Locations
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Rommel Reyes
Broker-Owner | Lic# DRE #01901789 NMLS #829952