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938 N Fig

Escondido, CA 92026
  • $7,995,000
  • STATUS: ACTIVE
  • ON SITE: 62 Days
  • ID#: 240007524
$7,995,000
  • 3
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

938 North Fig is an extensively renovated 14 Unit, 100% 3BR/2.5BA Townhome project with attached garages & private yards/patios located in Escondido, CA – North County San Diego. The property was originally built in 1991 and boasts large floorplans, central AC & Heat, large back patios, pitched tile roofs, concrete driveway and low maintenance landscaping. The property has undergone recent comprehensive upgrades and is fully rented and stabilized with attractive current and market cap rates. Extensively Renovated in 2022 & 2023. Newer 1991 Construction. Large Townhomes. Priced $163k/unit below median for sale 3BR homes/townhomes/condos (+/- 1,440 SF Avg) within 0.5 miles of the property. All new full size in-unit washer/dryers 100% large 2-story 3BR units | Less than 6% of all rental stock in San Diego County are 3BR’s. Attached 1 & 2-car garages & Private yards / patios. 2.2% vacancy rate for 3BR's in city of Escondido. Please contact listing agent for details and Offering Memorandum.

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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/149666274
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938 N Fig Escondido, CA 92026

  • Price: $7,995,000
  • Status: ACTIVE
  • On Site: 62 Days
  • ID#: 240007524
3
Beds
2
Baths
1
½ Baths
N/A
Acres
Neighborhood:
Escondido (92026)
County:
San Diego
Area:
Escondido (92026)
Property Description
938 North Fig is an extensively renovated 14 Unit, 100% 3BR/2.5BA Townhome project with attached garages & private yards/patios located in Escondido, CA – North County San Diego. The property was originally built in 1991 and boasts large floorplans, central AC & Heat, large back patios, pitched tile roofs, concrete driveway and low maintenance landscaping. The property has undergone recent comprehensive upgrades and is fully rented and stabilized with attractive current and market cap rates. Extensively Renovated in 2022 & 2023. Newer 1991 Construction. Large Townhomes. Priced $163k/unit below median for sale 3BR homes/townhomes/condos (+/- 1,440 SF Avg) within 0.5 miles of the property. All new full size in-unit washer/dryers 100% large 2-story 3BR units | Less than 6% of all rental stock in San Diego County are 3BR’s. Attached 1 & 2-car garages & Private yards / patios. 2.2% vacancy rate for 3BR's in city of Escondido. Please contact listing agent for details and Offering Memorandum.
Exterior Features

Parking GaragesSpaces Parking Spaces Total 16 Units With Garages 20

Interior Features

Sq Ft Of Improvement 17650 Stories 2 Story

Property Features

Actual Cap Rate 5.21 Actual Gross Operating Income 574900 Actual Gross Scheduled Income 592680.0 Actual Operating Expense 158608 Actual Vacancy And Credit Loss 17780 Assumable Finance 0 Buildings 3 Gross Equity 0 Gross Multiplier 13.49 Have N/A Mandatory Remarks None Known Market Area North County Monthly Rent Total 570360 Motive Want Sell Other Income Amount 22320 Other Income Source RUBSPark Projected Cap Rate 5.5 Projected Gross Multiplier 12.93 Projected Gross Operating Inc 599719 Projected Gross Scheduled Inc 594360 Projected Net Income 440119 Projected Operating Expense 159601 Projected Other Income 23907 Projected Vacancy And Credit Loss 18548 Short Sale No Sq Ft Source Buyer to Verify Unit Number1 14

San Diego MLS logo Listing provided courtesy of Corey Mchenry of David Santistevan: 619-565-0179. 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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