1316 East Grand Ave - Apartments FOR SALE


Escondido, CA 92027
$8,300,000 USD
858-395-6935
1316 East Grand Ave, Escondido, CA for Sale
$8,300,000 USD
Apartments - FOR SALE
1/9
null | 5.3% Cap Rate

1316 East Grand Ave
Escondido, CA 92027


OVERVIEW

Grandview Escondido presents a prime opportunity to acquire a newly constructed (2023), fully leased 15-unit multifamily asset in the heart of Escondido. Strategically located within the I-15 and Highway 78 corridor, the property benefits from immediate access to retail, dining, and essential services. Escondido is a rapidly growing submarket within North San Diego County, boasting a strong employment base, top-tier education institutions, and a diverse population. The city offers a competitive rental market with favorable occupancy trends, making Grandview an ideal investment for long-term appreciation and income growth. 1-YEAR "MASTER-LEASE" WITH SELLER Upon transfer of the property, seller will enter into a no-cost one-year management agreement and guarantee rents of $48,000/ monthly to the benefit of the buyer. To be further defined, contact broker for additional information.

FOR SALE DETAILS

PRICE

$8,300,000 USD

PRICE/SF

$593 USD /SF

# OF UNITS

15

PRICE/UNIT

$553,333

CAP RATE

5.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grandview Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

C

APN/PARCEL ID

230-230-14

ASK ABOUT THIS PROPERTY

Erik AndersonNewmarkMore Info
858-395-6935

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Erik AndersonNewmarkMore Info
858-395-6935

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.