101 15th, Escondido CA 92025 | $2,750,000
Listing provided courtesy of Nancy Howard of Howard West Coast Realty. Last updated 2025-08-22 08:33:00.000000. Listing information © 2025 SANDICOR.
MULTI- FAMILY COMPLEX FOR SALE. This complex is on a 42,200 SQ. FT. LOT. 10 LIVING UNITS TOTAL. It has 2 Single Family Homes - 4 duplexes and 2 additional free standing apartments. 1 OUTBUILDING is on a LONG TERM LEASE as Contracted Storage and rented by the Quarter. Another STORAGE is a LARGE TUFF SHED currently used for Tools and Building Supplies. The CAP Rate for 2024 was .032. Stable tenants; no turnover in last 4 years. All Tenants are on Month to Month Contracts. Rents below market - POTENTIAL INVESTOR UPSIDE. Two Front Houses are SFR's. One home is 4 BR 2 BA 1200 SQ. FT. Other SFR is 3 BR 1 BA at 782 SQ. FT.; 5 UNITS are 900 Square Feet; 2 UNITS are 720 SQ. FT.;1 Apartment is a 2 Story, 3 BR 2 BA at 1200 SQ. FT. TWO FRONT HOMES have smaller backyards but extra storage built on site. ALL APARTMENTS have LARGE FENCED BACKYARDS;. EVERY Home has a Minimum of 2 PARKING SPACES. Most Homes have installed LUXUARY VINYL PLANKING FLOORING FOR waterproof and long lasting quality. Many have had upgrades inside the units. (See Photos).
More Details
1 Story
Parking Spots: 25.00
Carport Spaces: 0.00
Business Type: Multi-Tenant
Asset Class: Multi-Family
Electricity Connected
Sewer Connected
Water Connected
Security Feature: Carbon Monoxide Detector(s)
Security Feature: Smoke Detector(s)
Roof: Carbon Monoxide Detector(s)
Roof: Smoke Detector(s)
Heating: Wall Furnace
