Skip To Content

    1580 S Juniper

    Escondido, CA 92025
    • $12,900,000
    • STATUS: ACTIVE
    • ON SITE: 45 days
    • ID#: 210005452
    UPDATED: 69 min ago
    $12,900,000
    • 4
      BEDS
    • N/A
      ACRES
    • 4
      BATHS
    • 1
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    City Terraces Apartments is a well-maintained garden style community located on a large 4-acre parcel with sloping elevation and terraced buildings. Originally constructed in 1973, this 43-unit asset underwent major renovations since 2016. Approximately 28 units have been upgraded in addition to a full exterior and common area renovation. The property is comprised of spacious 2-bedroom/ 2-bathroom floor plans with an average size of 1,039 square feet. Each unit is assigned a private two-car garage. Community amenities include a swimming pool, spa, BBQ area, fitness center and a leasing office. Proximity to Interstate 15 and Highway 78 provide convenient access to employment centers throughout North County. City Terraces is close to several grocers, major retail, schools and just three miles from Westfield’s North County Regional Mall, anchored by Nordstrom, Macy’s and Target.

    Monthly Payment Calculator

    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/114670031
    Print Image

    1580 S Juniper Escondido, CA 92025

    • Price: $12,900,000
    • Status: ACTIVE
    • Updated: 69 min ago
    • ID#: 210005452
    4
    Beds
    4
    Baths
    1
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Escondido (92025)
    County:
    San Diego
    Area:
    Escondido (92025)
    Property Description
    City Terraces Apartments is a well-maintained garden style community located on a large 4-acre parcel with sloping elevation and terraced buildings. Originally constructed in 1973, this 43-unit asset underwent major renovations since 2016. Approximately 28 units have been upgraded in addition to a full exterior and common area renovation. The property is comprised of spacious 2-bedroom/ 2-bathroom floor plans with an average size of 1,039 square feet. Each unit is assigned a private two-car garage. Community amenities include a swimming pool, spa, BBQ area, fitness center and a leasing office. Proximity to Interstate 15 and Highway 78 provide convenient access to employment centers throughout North County. City Terraces is close to several grocers, major retail, schools and just three miles from Westfield’s North County Regional Mall, anchored by Nordstrom, Macy’s and Target.
    Exterior Features

    Construction FrameStucco Parking CarportsGaragesSpaces

    Interior Features

    Cooling Central Forced Air Elec Floor Coverings VinylWall To Wall Carpet Heating Central Forced Air Elec Sq Ft Of Improvement 44664 Stories 2 Story

    Property Features

    Actual Cap Rate 4.21 Actual Gross Scheduled Income 975710.0 Actual Operating Expense 433146 Assumable Finance 0 Complex Features BbqExercise RoomHeated PoolSpa Existing Financing Other/Remarks Financial Information Source Owner Gross Equity 5160000 Gross Multiplier 13.54 Have 43 Units Mandatory Remarks None Known Market Area North County Motive Want Cash Out Short Sale No Sq Ft Source Buyer To Verify Unit Number1 18 Unit Number2 25 Unit Type Apartment

    Listing provided courtesy of Eric D. Comer, Broker. 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.
     
    https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_210005452-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_210005452-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_210005452-2.jpg
    Logo
    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101