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Listed by Nancy K Howard • Howard West Coast Realty
$ 2,900,000
Est. payment /mo
Active
101 East 15th Avenue Escondido, CA 92025
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID ND-25109847
Tax Year 2024
Property Sub-Type Multi Family
Property Description
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).
Location
State CA
County San Diego
Area 92025 - Escondido
Zoning R-2: MINOR
Interior
Heating Wall Furnace
Cooling Wall/Window Units
Laundry Electric Dryer Hookup, Gas & Electric Dryer Hookup
Exterior
Utilities Available Sewer Connected, Electricity Connected
Building
Lot Description Value In Land, Sprinkler System, Level with Street, Lot Over 40000 Sqft, Near Public Transit, Paved, Rectangular Lot, Back Yard