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408-10 W 4th Ave

Escondido, CA 92025
  • $1,500,000
  • STATUS: ACTIVE
  • ON SITE: 16 Days
  • ID#: 230001173
UPDATED: 37 min ago
$1,500,000
  • 6
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Rarely traded value-add 5 unit apartment building in the heart of old Escondido. Property boasts a large 3 bed two bath front house and a 4-plex in the back. Home and fourplex have separate entrances, with the home having direct access from 4th St. Fourplex consists of two 2 bed 1 bath units and two 1 bed 1 bath units. Central location close to restaurants, bars, and freeway access. Tenants are month to month.

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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/136144738
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408-10 W 4th Ave Escondido, CA 92025

  • Price: $1,500,000
  • Status: ACTIVE
  • On Site: 16 Days
  • Updated: 37 min ago
  • ID#: 230001173
6
Beds
4
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Escondido (92025)
County:
San Diego
Area:
Escondido (92025)
Property Description
Rarely traded value-add 5 unit apartment building in the heart of old Escondido. Property boasts a large 3 bed two bath front house and a 4-plex in the back. Home and fourplex have separate entrances, with the home having direct access from 4th St. Fourplex consists of two 2 bed 1 bath units and two 1 bed 1 bath units. Central location close to restaurants, bars, and freeway access. Tenants are month to month.
Exterior Features

Construction DrywallFrameStucco Parking Spaces Roof Tar & Gravel

Interior Features

Cooling Wall/Window Floor Coverings Other/Remarks Floors Other/Remarks Heating Wall Sq Ft Of Improvement 3966 Stories 2 Story

Property Features

Actual Gross Scheduled Income 75720.0 Actual Operating Expense 34401 Assumable Finance 0 Buildings 2 Existing Financing ConventionalPrivate Financial Information Source Owner Gross Equity 1500000 Gross Multiplier 19.8 Have Value-Add Mandatory Remarks None Known Market Area North County Monthly Rent Total 6310 Motive Want 1031 Exchange Projected Cap Rate 7.21 Projected Cash On Cash 7.6% Projected Gross Multiplier 10.2 Projected Gross Scheduled Inc 147000 Projected Net Income 108189 Projected Operating Expense 34401 Projected Vacancy And Credit Loss 4410 Special None Sq Ft Source Tax Record Terms Other/Remarks Unit Number1 1 Unit Number2 2 Unit Number3 2 Unit Rent Total1 2310 Unit Rent Total2 2230 Unit Rent Total3 1770 Unit Rent1 2310 Unit Rent2 1115 Unit Rent3 885 Unit Type Other/Remarks

San Diego MLS logo Listing provided courtesy of South Coast Commercial, 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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The Neuman Team Real Estate Inc.
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San Diego CA, 92101