$3,699,000

Multi Family In Escondido

  • 2 Beds
  • 2 Baths
  • 14,746 Sqft lot
  • Updated: July 24
  • Source:
    San Diego MLS  MLS#OC26160522

About the Property

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 mi
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.
  • Property type

    Other

  • Floors

    2

Features

  • Investment Property
  • Renovated

Explore the Area

331 Washington, Escondido, California, United States View on Google Maps
Price per sqft
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Pat Swanson - Irvine

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Pat Swanson - Irvine
California, United States
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7
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2025
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Pat Swanson - Irvine
Irvine, California, United States
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Last updated
July 24
First listed
Jul 24
Listing reference
OC26160522
Listing status
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