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401-07 Idaho Ave

Escondido, CA 92025
  • $1,645,000
  • STATUS: ACTIVE
  • ON SITE: 59 Days
  • ID#: 220028814
Price Reduced
UPDATED: 18 min ago
$1,645,000
  • 8
    BEDS
  • 0.7
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Description

401-07 Idaho Ave is a four-unit property located in a great part of Escondido. All of the units are fully renovated except for the studio. Although renovated, there’s still plenty of value to be added to this 30,000+ square foot lot. The owners are 6 months in the process of a 3-way lot split in which each parcel has potential build an ADU. Once completed, the new investor will have turned this fourplex into 3 separate properties for a total of 7 units, ready for maximum resale value or long term cash flow.

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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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/135056666
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401-07 Idaho Ave Escondido, CA 92025

  • Price: $1,645,000
  • Status: ACTIVE
  • On Site: 59 Days
  • Updated: 18 min ago
  • ID#: 220028814
8
Beds
5
Baths
0
½ Baths
0.7
Acres
1962
Built
Neighborhood:
Escondido
County:
San Diego
Area:
Escondido (92025)
Property Description
401-07 Idaho Ave is a four-unit property located in a great part of Escondido. All of the units are fully renovated except for the studio. Although renovated, there’s still plenty of value to be added to this 30,000+ square foot lot. The owners are 6 months in the process of a 3-way lot split in which each parcel has potential build an ADU. Once completed, the new investor will have turned this fourplex into 3 separate properties for a total of 7 units, ready for maximum resale value or long term cash flow.
Exterior Features

Exterior WoodWood/Stucco Fencing N/K Parking Garage Desc Unit1 Attached Parking Garage Desc Unit2 Attached Parking Garage Desc Unit3 Attached Parking Garage Desc Unit4 Attached Parking Garage Spaces Unit1 1 Parking Garage Spaces Unit2 2 Parking Garage Spaces Unit3 1 Parking Garage Spaces Unit4 1 Roof Composition Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard Yes Unit4 Exclusive Use Yard No Units With Garages 3 Units With Patios 2

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Stories 1 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 4 Units With Dryers 4 Units With Fireplaces 1 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 4

Property Features

Actual Cap Rate 1.5 Age Restrictions N/K Annual Expense Actual 42000 Association ID San Diego Association Of Realtors (Sdar) Buildings 3 Cfd Mello Roos Fee 0.0 Community Southeast Escondido Complex Park Grape Day Park Cross Streets Idaho Ave Gross Rent Multiplier Actual 24.4 Gross Rent Multiplier Project 12.1 Gross Scheduled Income Actual 69540 Gross Scheduled Income Project 140940 Mandatory Remarks None Known Market Area North County Monthly Total Fees 0 Net Operating Income Projected 94665 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 5.6 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays ElectricityGas/Propane Terms CashConventionalVa Unit1 Deposit 3000 Unit1 Occupied Tenant Unit1 Projected Rent 3500.0 Unit1 Rent Actual 3000.0 Unit2 Deposit 0 Unit2 Occupied Vacant Unit2 Projected Rent 3250.0 Unit2 Rent Actual 0.0 Unit3 Deposit 2400 Unit3 Occupied Tenant Unit3 Projected Rent 2995 Unit3 Rent Actual 2795.0 Unit4 Deposit 0 Unit4 Occupied Vacant Unit4 Projected Rent 1600 Unit4 Rent Actual 0.0 Zoning R-1:Single

San Diego MLS logo Listing provided courtesy of Jlm Real Estate Inc.: [IDXCONTACTINFORMATION]. Listing information © 2023 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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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