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331 E Washington Avenue

Escondido, CA 92025
  • $3,850,000
  • STATUS: ACTIVE
  • ON SITE: 163 Days
  • ID#: 240014964
UPDATED: 28 min ago
$3,850,000
  • 2
    BEDS
  • N/A
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Pleased to present 331 E Washington Avenue, a 10-unit multifamily asset centrally located in Escondido, California, near Escondido’s historic downtown district and Escondido Transit Center. The two-story asset is comprised entirely of two-bedroom/one-bathroom floorplans averaging 792 square feet of living area. The property also has one (1) non-conforming studio unit and onsite laundry facilities. The property features twenty (20) off-street parking spaces and select units feature balconies. The property recently underwent an extensive rehab program. The units have been upgraded with vinyl plank floors, laminate countertops, stainless steel kitchen sinks, kitchen cabinets, ceiling fans, vanities and tubs, doors and hardware, and cordless blinds. The property exteriors have also been significantly enhanced with new stucco repairs, upgraded roof, paint, gates, and windows. The Grand Avenue corridor, historic downtown district, and Escondido Transit Center are all within 1-mile. With proximity to the Escondido Transit Center, the downtown district and Grand Avenue corridor are centered around Smart Growth initiatives by SANDAG and the City of Escondido, intended to enhance the area by encouraging transit-oriented land uses and future developments.

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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/152158710
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331 E Washington Avenue Escondido, CA 92025

  • Price: $3,850,000
  • Status: ACTIVE
  • On Site: 163 Days
  • Updated: 28 min ago
  • ID#: 240014964
2
Beds
1
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Escondido (92025)
County:
San Diego
Area:
Escondido (92025)
Property Description
Pleased to present 331 E Washington Avenue, a 10-unit multifamily asset centrally located in Escondido, California, near Escondido’s historic downtown district and Escondido Transit Center. The two-story asset is comprised entirely of two-bedroom/one-bathroom floorplans averaging 792 square feet of living area. The property also has one (1) non-conforming studio unit and onsite laundry facilities. The property features twenty (20) off-street parking spaces and select units feature balconies. The property recently underwent an extensive rehab program. The units have been upgraded with vinyl plank floors, laminate countertops, stainless steel kitchen sinks, kitchen cabinets, ceiling fans, vanities and tubs, doors and hardware, and cordless blinds. The property exteriors have also been significantly enhanced with new stucco repairs, upgraded roof, paint, gates, and windows. The Grand Avenue corridor, historic downtown district, and Escondido Transit Center are all within 1-mile. With proximity to the Escondido Transit Center, the downtown district and Grand Avenue corridor are centered around Smart Growth initiatives by SANDAG and the City of Escondido, intended to enhance the area by encouraging transit-oriented land uses and future developments.
Interior Features

Sq Ft Of Improvement 7920

Property Features

Actual Cap Rate 6.56 Actual Gross Scheduled Income 321888.0 Actual Operating Expense 100729 Assumable Finance 0 Buildings 1 Gross Equity 3850000 Gross Multiplier 11.96 Have 10 Units Mandatory Remarks None Known Market Area North County Motive Want Sale Unit Number1 10 Unit Rent1 2682

San Diego MLS logo Listing provided courtesy of Austin Huffman of Marcus & Millichap: 858-373-3100. 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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