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320 W Lincoln Ave

Escondido, CA 92026
  • $629,999
  • STATUS: ACTIVE
  • ON SITE: 80 Days
  • ID#: 240002311
$629,999
  • 6
    BEDS
  • 0.18
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 1,747
    SQFT
  • $361
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:

School Ratings & Info

Description

Exceptional 4-Unit Development Opportunity in Escondido! Seize approved plans to upscale an existing Duplex from 2 units with 2 beds/1 bath each to 2 larger units with 3 beds/2 baths, plus a detached 2-car garage. Option to further expand with a 2-Unit ADU, achieving a total of 4 units. The Duplex is construction-ready, stripped to the studs with permits for the 2x 3-bed/2-bath project. Situated in San Diego County, Escondido is a hidden gem offering attractions like the San Diego Zoo Safari Park, arts, and outdoor activities. Early development phase allows for submeter installation, letting tenants pay utilities to increase ROI. Act promptly before the seller begins construction. The property also has an approved concept for a 2-unit ADU, providing flexibility to collect rents or sell ADUs separately under new regulations. An incredible chance for savvy investors. Act now to capitalize on this investment!

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San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/147138262
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320 W Lincoln Ave Escondido, CA 92026

  • Price: $629,999
  • Status: ACTIVE
  • On Site: 80 Days
  • ID#: 240002311
6
Beds
4
Baths
0
½ Baths
0.18
Acres
1,747
SQFT
$361
$/SQFT
1950
Built
Neighborhood:
Nachtigalls
County:
San Diego
Area:
Escondido (92026)
Property Description
Exceptional 4-Unit Development Opportunity in Escondido! Seize approved plans to upscale an existing Duplex from 2 units with 2 beds/1 bath each to 2 larger units with 3 beds/2 baths, plus a detached 2-car garage. Option to further expand with a 2-Unit ADU, achieving a total of 4 units. The Duplex is construction-ready, stripped to the studs with permits for the 2x 3-bed/2-bath project. Situated in San Diego County, Escondido is a hidden gem offering attractions like the San Diego Zoo Safari Park, arts, and outdoor activities. Early development phase allows for submeter installation, letting tenants pay utilities to increase ROI. Act promptly before the seller begins construction. The property also has an approved concept for a 2-unit ADU, providing flexibility to collect rents or sell ADUs separately under new regulations. An incredible chance for savvy investors. Act now to capitalize on this investment!
Exterior Features

Exterior Stucco Fencing Full Frontage N/K Frontage Dimensions In Feet 50 Lot Dimensions Approx 147'x50' Parking Garage Desc Unit1 Assigned Parking Garage Desc Unit2 Assigned Parking Garage Spaces Unit1 1 Parking Garage Spaces Unit2 1 Parking Non Garage Desc Unit1 Assigned Parking Non Garage Desc Unit2 Assigned Roof Other/Remarks Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 0

Interior Features

Cooling Other/Remarks Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Stories Split Level Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 0 Units With Refrigerators 0 Units With Washers 0

Property Features

Actual Cap Rate 0.0 Additional Property Use With Structures Age Restrictions N/K Annual Expense Actual 22958 Annual Expense Projected 22958 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Community NORTH ESCONDIDO Complex Park N/A Cross Streets N Escondido BLVD & Centre City Gross Rent Multiplier Actual 0.0 Gross Rent Multiplier Project 15.7 Gross Scheduled Income Actual 0 Gross Scheduled Income Project 82824 Home Owners Fees 0.0 Mandatory Remarks None Known Market Area North County Monthly Total Fees 0 Net Operating Income Projected 59866 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 4.61 Projected Other Income 0.0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays SewerTrashWaterElectricityGardenerHot Water Terms Cash Unit Number For Unit1 320 Unit Number For Unit2 322 Unit1 Deposit 0 Unit1 Occupied Vacant Unit1 Projected Rent 3279.0 Unit1 Rent Actual 0.0 Unit2 Deposit 0 Unit2 Occupied Vacant Unit2 Projected Rent 3279.0 Unit2 Rent Actual 0.0 Zoning R-2:MINOR

San Diego MLS logo Listing provided courtesy of David Thomas Mejia of David T. Mejia: 619-800-1313. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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