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$699,000
Est. payment /mo
4 Beds
2 Baths
7,052 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2604604
Bedrooms 4
Lot Size 7,052 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Opportunity to acquire two detached 2-bedroom, 1-bath homes with separate utilities situated on a 7,052 sq. ft. R-3 zoned lot in a centrally located Escondido neighborhood. Conveniently located near schools, shopping, restaurants, and major transportation corridors. Each unit offers private yard space, creating strong tenant appeal and long-term rental potential. Currently generating income with an estimated 6% cap rate, this property presents an excellent value-add opportunity for investors seeking to increase cash flow through renovations and rental repositioning. The large R-3 zoned lot may offer future expansion or redevelopment possibilities (buyer to verify). Whether you are seeking a long-term hold, a value-add renovation project, or a future development , this property offers multiple avenues to maximize returns. Ideal for investors, contractors, buyer's that are ready to roll up their sleeves, implement improvements, and unlock the property's full potential.
Location
State CA
County San Diego
Zoning Assessor
Direction Centre City Parkway, go east on 9th to Orange Avenue, Go North on 8th Avenue, East on 8th and the property is to the right
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 2333710200
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Luda Phipps, DRE#02139266 Luda Phipps, Broker
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