209 N Date St - Apartments FOR SALE


Escondido, CA 92025- Central Escondido
$1,250,000 USD
858-336-9688
209 N Date St, Escondido, CA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/12
null | 5.6% Cap Rate

209 N Date St
Escondido, CA 92025
Central Escondido


HIGHLIGHTS

  • Rapidly developing neighborhood of Central Escondido
  • Rental increases scheduled for 5/1, 6/1 and 7/1. Additional upside through garage conversions.
  • Proximity to the major employment hubs of Palomar Health and Stone Brewing

OVERVIEW

This property features a favorable unit mix, including two 3BD/2BA units and one 2BD/1BA unit. The asset offers immediate cash flow with additional upside potential through garage conversions and strategic renovations. Roof was replaced in 2020 and sellers have made recent upgrades to plumbing throughout. All units have scheduled increases of 8% in the coming months. 209 (to $2,800 as of 5/1) 860 Ohio (to $2,350 as of 6/1) 215 (to $2,900 as of 7/1). Positioned in central Escondido, a rapidly developing neighborhood, 209-15 N Date St benefits from strong tenant demand, proximity to key employment hubs like Palomar Health and Stone Brewing, and a walkable environment with nearby public spaces and amenities such as Grape Day Park and the California Center for the Arts.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$407 USD /SF

# OF UNITS

3

PRICE/UNIT

$416,667

CAP RATE

5.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

209-215 N Date St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,273 SF

ZONING

H-P

APN/PARCEL ID

230-171-14

ASK ABOUT THIS PROPERTY

Jason LeeNara AdvisorsMore Info
858-336-9688

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Jason LeeNara AdvisorsMore Info
858-336-9688

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