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143-145 W Grand Avenue

Escondido, CA 92025
  • $1,450,000
  • STATUS: ACTIVE
  • ON SITE: 120 Days
  • ID#: 210022407
UPDATED: 18 min ago
$1,450,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

143-145 W Grand Avenue is a prime redevelopment opportunity in the heart of Downtown Escondido. The first story of the building is 4,000 square feet occupied by two long term retail tenants. The second story of the building has 4,000 Square feet of unused space that can be converted into additional units. Second story has front and rear access to the street and alley way. The property has six parking spaces in the back with alley access. This property is in the Opportunity Zone.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/120180379
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143-145 W Grand Avenue Escondido, CA 92025

  • Price: $1,450,000
  • Status: ACTIVE
  • On Site: 120 Days
  • Updated: 18 min ago
  • ID#: 210022407
0
Beds
2
Baths
0
½ Baths
0.16
Acres
Neighborhood:
Escondido (92025)
County:
San Diego
Area:
Escondido (92025)
Property Description
143-145 W Grand Avenue is a prime redevelopment opportunity in the heart of Downtown Escondido. The first story of the building is 4,000 square feet occupied by two long term retail tenants. The second story of the building has 4,000 Square feet of unused space that can be converted into additional units. Second story has front and rear access to the street and alley way. The property has six parking spaces in the back with alley access. This property is in the Opportunity Zone.
Exterior Features

Carports 0 Construction BlockStucco Exterior Part Fenced Parking Spaces Parking Spaces Total 6 Roof Composition Units With Garages 0

Interior Features

Floor Coverings HardwoodTileVinyl Sq Ft Of Improvement 8000 Stories 2 Story Units With Dishwashers 0 Units With Disposals 0 Units With Drapes 0 Units With Ranges 0

Property Features

Actual Cap Rate 3.0 Actual Gross Scheduled Income 70512.0 Actual Operating Expense 25770 Assumable Finance 0 Financial Information Source Owner Gross Equity 1450000 Gross Multiplier 20.6 Have Commercial Building Mandatory Remarks None Known Market Area North County Monthly Rent Total 5876 Motive Want 1031 Exchange Sq Ft Source Buyer To Verify Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water Y Unit Number1 1 Unit Number2 1 Unit Rent Total1 3100 Unit Rent Total2 2776 Unit Rent1 3100 Unit Rent2 2776 Unit Type Other/Remarks Zoning Hd

Listing provided courtesy of South Coast Commercial, Inc.. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
 
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Neuman & Neuman Real Estate Inc.
516 5th Avenue
San Diego CA, 92101