740-750 S Escondido Blvd - Storefront Retail/Residential FOR SALE


Escondido, CA 92025
$1,650,000 USD
760-230-8015
740-750 S Escondido Blvd, Escondido, CA for Sale
$1,650,000 USD
Storefront Retail/Residential - FOR SALE
1/33
null | 5.65% Cap Rate

740-750 S Escondido Blvd
Escondido, CA 92025


HIGHLIGHTS

  • Mixed-use property: Built in 1953, featuring 5 apartment units and 2 retail units across 6,692 sq. ft.
  • RUBS income: Currently collecting additional revenue through a Ratio Utility Billing System (RUBS).
  • Income potential: Immediate opportunities to generate additional revenue from laundry and garage rentals.
  • ADU potential: Opportunity to convert the two retail units back into apartment units and garages into ADUs for extra income.
  • Possible to convert the existing retail into multi-family
  • Parking & storage: Includes two two-car garages, a one-car garage, and ample off-street parking.

OVERVIEW

Built in 1953, this distinctive 4,868 sq. ft. mixed-use property in Escondido offers a compelling blend of residential and retail spaces on a spacious 14,206 sq. ft. parcel. The property consists of three structures, featuring five apartment units and two retail units, set within a tranquil, single-story garden community. It includes two two-car garages, a one-car garage, and plenty of off-street parking for added convenience. The property currently generates additional income through a RUBS (Ratio Utility Billing System), and a new owner can further capitalize on immediate revenue opportunities from laundry and garage rentals. A strategic opportunity lies in transforming the existing garages into a spacious two-bedroom unit while repurposing the two retail spaces into two additional two-bedroom units. This innovative approach would elevate the property's potential, expanding it into an 8-unit community featuring 4 two-bedroom and 4 one-bedroom residences. By maximizing the space and increasing the number of units, this plan enhances the property's value and appeals to a diverse tenant base.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$243 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

CG, Escondido

APN/PARCEL ID

233-362-01,233-362-11

ASK ABOUT THIS PROPERTY

Bill AndersonACRE Investment Real Estate ServicesMore Info
760-230-8015

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Bill AndersonACRE Investment Real Estate ServicesMore Info
760-230-8015

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