331 Washington, Escondido CA 92025 | $3,575,000
Listing provided courtesy of Pat Swanson of Pat Swanson. Last updated 2026-09-25 08:10:58.000000. Listing information © 2026 SANDICOR.
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.
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0.34 Acres
2 Stories
