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409 W Citracado Parkway

Escondido, CA 92025
  • $960,000
  • STATUS: ACTIVE
  • ON SITE: 18 Days
  • ID#: 220018803
UPDATED: 64 min ago
$960,000
  • 4
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,600
    SQFT
  • $600
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1942
County:

School Ratings & Info

Description

This 2-unit apartment building located at the corner of 409 W Citracado Parkway is a true Value-Add opportunity. Situated on a 63,597 Sq/Ft lot. The property consists of an Upstairs 3Br/1Ba and a Downstairs 1Br/1Ba. Current tenants rent the entire property for $2,300/Month. Currently an additional two-unit 1,200 Sq/Ft ADU can be built. Apply for a zoning variance and add even more VALUE!

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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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/131095591
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409 W Citracado Parkway Escondido, CA 92025

  • Price: $960,000
  • Status: ACTIVE
  • On Site: 18 Days
  • Updated: 64 min ago
  • ID#: 220018803
4
Beds
2
Baths
0
½ Baths
N/A
Acres
1,600
SQFT
$600
$/SQFT
1942
Built
Neighborhood:
Escondido
County:
San Diego
Area:
Escondido (92025)
Property Description
This 2-unit apartment building located at the corner of 409 W Citracado Parkway is a true Value-Add opportunity. Situated on a 63,597 Sq/Ft lot. The property consists of an Upstairs 3Br/1Ba and a Downstairs 1Br/1Ba. Current tenants rent the entire property for $2,300/Month. Currently an additional two-unit 1,200 Sq/Ft ADU can be built. Apply for a zoning variance and add even more VALUE!
Exterior Features

Exterior Wood Fencing N/K Roof Wood Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 0

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Heat Source Natural Gas Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 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 1 Units With Fireplaces 0 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 1

Property Features

Actual Cap Rate 1.2 Age Restrictions N/K Annual Expense Actual 15330 Annual Expense Projected 15330 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community South Escondido Complex Park Escondido Cross Streets S Centre City Parkway Gross Rent Multiplier Actual 34.0 Gross Rent Multiplier Project 16.0 Gross Scheduled Income Actual 27600 Gross Scheduled Income Project 58200 Mandatory Remarks None Known Market Area North County Monthly Total Fees 0 Net Operating Income Projected 41124 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 4.3 Sales Restrictions N/K Security N/K Sewer Septic Septic Installed Short Sale No Tenant Pays SewerWaterElectricityGas/PropaneHot Water Terms CashConventionalExchangeFhaVa Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 1800.0 Unit1 Rent Actual 0.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 2850.0 Unit2 Rent Actual 2300.0

San Diego MLS logo Listing provided courtesy of The Browar Group. Listing information © 2022 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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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Neuman & Neuman Real Estate Inc.
516 5th Avenue
San Diego CA, 92101