331 Washington, Escondido, CA 92025
331 Washington, Escondido, CA 92025
331 Washington, Escondido, CA 92025
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Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353
$3,699,000
Est. payment /mo
2 Beds
2 Baths
0.34 Acres Lot
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UPDATED:

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

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MLS Router / San Diego MLS
Listed by Pat Swanson, DRE#01382974 Pat Swanson 

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331 Washington