331 Washington, Escondido, CA 92025
331 Washington, Escondido, CA 92025
331 Washington, Escondido, CA 92025
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by Pat Swanson, DRE #01382974 • Pat Swanson
$3,575,000
Est. payment /mo
0.34 Acres Lot
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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CROC26160522

Year Built 1988

Lot Size 0.339 Acres

Source California Regional MLS

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 5.56% 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

Area 92025 - Escondido

Interior

Laundry Community Facility

Exterior

Garage Spaces 22.0

Pool None

Building

Water District - Public

Others

Special Listing Condition Not Applicable

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Sharad Gupta
Sharad Gupta

Broker License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA 95054, USA

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331 Washington

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