307-21 S Grape St - Apartments FOR SALE


Escondido, CA 92025
$2,669,000 USD
760-546-9583
307-21 S Grape St, Escondido, CA for Sale
$2,669,000 USD
Apartments - FOR SALE
1/49
null | Request Cap Rate

307-21 S Grape St
Escondido, CA 92025


HIGHLIGHTS

  • Unit 1 & 2 are both 3 bd 2 bath that are 1,200 square feet each and rents between $3900- $4,500 a month
  • Unit 3 is 1,000 square feet and rents for $2,900 a month.
  • Includes two studio units that are 350 square feet each and rents for $1,925 a month.
  • This property presents a prime investment opportunity with excellent income potential.
  • Convenient proximity to amenities such as Walmart, The Home Depot, Albertsons, and many food options.
  • It is located in the historical downtown Escondido.

OVERVIEW

Introducing a prime investment opportunity in the heart of Escondido, San Diego County. This 5-unit rental property offers a robust income potential with a gross rent of $14,500. The property features a diverse mix of units, including 2 spacious 3-bedroom homes, a charming 2-bedroom, 1-bath house at the rear, and two newly constructed ADUs, catering to the increasing demand for flexible living spaces. Currently, the front house and both studios are generating solid rental income, with the house commanding $4,100, Studio #1 at $2,000, and Studio #2 at $1,695, reflecting the strong rental market in the area. Nestled in close proximity to the historical downtown Escondido, this property offers the allure of a vibrant community and the convenience of urban amenities. With its strategic location and solid cash return, this investment opportunity presents a compelling prospect in the thriving Escondido rental market.

FOR SALE DETAILS

PRICE

$2,669,000 USD

PRICE/SF

$614 USD /SF

# OF UNITS

5

PRICE/UNIT

$533,800

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

R3

APN/PARCEL ID

229-511-01-00

ASK ABOUT THIS PROPERTY

Robert WolfWolf Real Estate GroupMore Info
760-546-9583

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Robert WolfWolf Real Estate GroupMore Info
760-546-9583

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