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726 - 730 E. 7th Street

Escondido, CA 92025
  • $1,400,000
  • STATUS: ACTIVE
  • ON SITE: 8 Days
  • ID#: 240010378
UPDATED: 20 min ago
$1,400,000
  • 6
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 3,189
    SQFT
  • $439
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1975
County:

School Ratings & Info

Description

The property is a 3 unit triplex in a quiet South Escondido neighborhood. All three units have 2 bedrooms and 1 bath and a 2 car garage. The property has a cash on cash cap rate of 4.1% and a projected cap rate of 5.0%. The property is approximately 5 minutes from I-15 and a few additional minutes to Freeway 78. It is also close to downtown Escondido and the San Marcos Costco, Walmart, and Home Depot. The units are occupied by long term tenants who pay all utilities except water. The property can only be viewed with an accepted offer which must also include a pre approval loan letter and proof of funds. The Seller will not make any repairs or alterations. Seller to select all services.

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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/150423371
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726 - 730 E. 7th Street Escondido, CA 92025

  • Price: $1,400,000
  • Status: ACTIVE
  • On Site: 8 Days
  • Updated: 20 min ago
  • ID#: 240010378
6
Beds
3
Baths
0
½ Baths
N/A
Acres
3,189
SQFT
$439
$/SQFT
1975
Built
Neighborhood:
Old Escondido
County:
San Diego
Area:
Escondido (92025)
Property Description
The property is a 3 unit triplex in a quiet South Escondido neighborhood. All three units have 2 bedrooms and 1 bath and a 2 car garage. The property has a cash on cash cap rate of 4.1% and a projected cap rate of 5.0%. The property is approximately 5 minutes from I-15 and a few additional minutes to Freeway 78. It is also close to downtown Escondido and the San Marcos Costco, Walmart, and Home Depot. The units are occupied by long term tenants who pay all utilities except water. The property can only be viewed with an accepted offer which must also include a pre approval loan letter and proof of funds. The Seller will not make any repairs or alterations. Seller to select all services.
Exterior Features

Exterior Stucco Fencing Partial Roof Rock/Gravel Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Units With Garages 3 Units With Patios 0

Interior Features

Cooling Wall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Units With Cooling 2 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 1 Units With Range Oven 3 Units With Refrigerators 0 Units With Washers 0

Property Features

Actual Cap Rate 4.1 Age Restrictions N/K Annual Expense Actual 11120 Annual Expense Projected 18000 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Community SOUTH ESCONDIDO Complex Park None Cross Streets 11th Gross Rent Multiplier Actual 20.3 Gross Rent Multiplier Project 16.2 Gross Scheduled Income Actual 69120 Gross Scheduled Income Project 86400 Home Owners Fees 0.0 Mandatory Remarks None Known Market Area North County Monthly Total Fees 0 Net Operating Income Projected 68400 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 5.0 Projected Other Income 0.0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays TrashCable TVElectricityGas/PropaneHot Water Terms CashConventional Unit1 Deposit 1600 Unit1 Occupied Tenant Unit1 Projected Rent 2400.0 Unit1 Rent Actual 1800.0 Unit2 Deposit 1600 Unit2 Occupied Tenant Unit2 Projected Rent 2400.0 Unit2 Rent Actual 1980.0 Unit3 Deposit 1400 Unit3 Occupied Tenant Unit3 Projected Rent 2400 Unit3 Rent Actual 1980.0

San Diego MLS logo Listing provided courtesy of George Gigliotti of Century 21 Masters: 858-487-4329. 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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