406-416 E 10th Ave - Apartments FOR SALE


Escondido, CA 92025
$2,395,000 USD
760-207-9080
406-416 E 10th Ave, Escondido, CA for Sale
$2,395,000 USD
Apartments - FOR SALE
1/17
null | 5.4% Cap Rate

406-416 E 10th Ave
Escondido, CA 92025


HIGHLIGHTS

  • 7 Unit Multi-Family
  • Below Market Rents

OVERVIEW

Prime investment opportunity in the heart of Escondido, a vibrant city known for its rich history, cultural attractions, and scenic surroundings. This 7-unit multi-family property presents an excellent chance for investors seeking both stability and growth in their portfolio. Nestled in a desirable neighborhood, this well-maintained multi-family property boasts units that are strategically positioned to optimize privacy while offering residents easy access to local amenities. The property is enhanced by parking for each unit, communal green space, convenient on-site laundry facilities, and limited storage availability. These features contribute to the overall appeal of the property, ensuring tenant satisfaction and retention. The property's strong financial performance and potential for further growth make it a compelling investment option in the Escondido real estate market. Whether you're a seasoned investor or exploring new opportunities, this property represents a solid foundation for long-term success in the dynamic Escondido real estate market.

FOR SALE DETAILS

PRICE

$2,395,000 USD

PRICE/SF

$445 USD /SF

# OF UNITS

7

PRICE/UNIT

$342,143

CAP RATE

5.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,094 SF

ZONING

R-1, Escondido

APN/PARCEL ID

233-550-13,233-550-14

ASK ABOUT THIS PROPERTY

Kyle StonerKeller Williams RealtyMore Info
760-207-9080

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Kyle StonerKeller Williams RealtyMore Info
760-207-9080

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