319 W 10th Ave - Multi-Family FOR SALE


Escondido, CA 92025- Central Escondido
$1,395,000 USD
858-247-1095
319 W 10th Ave, Escondido, CA for Sale
$1,395,000 USD
Multi-Family - FOR SALE
1/8
null | 3.38% Cap Rate

319 W 10th Ave
Escondido, CA 92025
Central Escondido


HIGHLIGHTS

  • Prime Escondido Location w/ Fantastic Unit Mix
  • (2) 3Bed/2Bath Townhomes + (1) 2Bed/1Bath Main House
  • Well-Maintained (Recent Upgrades Include: Newer Roof, Siding, Electrical, Water Lines/Gas Lines)
  • Value-Add Opportunity w/ 42% Upside in Rents + ADU Potential
  • All Units Have In-Unit Laundry
  • Ample Onsite Parking: Three (3) Single-Car Garages + Three (3) Surface Parking Spaces

OVERVIEW

This 3-Unit rental property near Downtown Escondido has everything an investor looks for: large units, newer building systems, 42% upside in rent, garages & off-street parking. The property sits on a 6,837sf lot and consists of two (2) 3Bedroom / 2Bathroom 1,178sf townhome style units which were built in 2004, and one (1) 2Bedroom / 1Bathroom 640sf main house. Tenant amenities include in-unit washer dryer, three (3) single-car garages, and three (3) off-street parking spots. The W 10th Ave Apartment Homes is the perfect opportunity for a value-add investor looking for a well-maintained property with upside in rents and ADU potential, or an owner-occupant looking for extra cash flow to cover the mortgage.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$465 USD /SF

# OF UNITS

3

PRICE/UNIT

$465,000

CAP RATE

3.38%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

(2) 3Bed/2Bath Townhomes + (1) Detached House

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2004

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,837 SF

ZONING

SP

APN/PARCEL ID

233-511-05-00

ASK ABOUT THIS PROPERTY

Angelo La BrunaApartment Realty Group (ARG)More Info
858-247-1095

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Angelo La BrunaApartment Realty Group (ARG)More Info
858-247-1095

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