$3,699,000
About this home
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.
Facts & features
- Laundry
- Common Area
- Lot size
- 0.339 acres (14,747 sq ft)
- Pool
- None
- Year built
- 1988
- Parking spaces
- 22
- Area
- 92025 - Escondido
- County
- San Diego
- Community features
- Curbs, Street Lights, Suburban, Sidewalks, Urban
- Status
- Active
- Property type
- Apartment
- Days on market
- 0
- Listed
- 2026-07-22
- Terms
- Cash To New Loan
- Parcel #
- 2293107500
- MLS #
- OC26160522
