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MULTI- FAMILY COMPLEX FOR SALE. This complex is on a 42,200 SQ. FT. LOT. 10 LIVING UNITS TOTAL. It has 2 Single Family Homes - 4 duplexes and 2 additional free standing apartments. 1 OUTBUILDING is on a LONG TERM LEASE as Contracted Storage and rented by the Quarter. Another STORAGE is a LARGE TUFF SHED currently used for Tools and Building Supplies. The CAP Rate for 2024 was .032. Stable tenants; no turnover in last 4 years. All Tenants are on Month to Month Contracts. Rents below market - POTENTIAL INVESTOR UPSIDE. Two Front Houses are SFR's. One home is 4 BR 2 BA 1200 SQ. FT. Other SFR is 3 BR 1 BA at 782 SQ. FT.; 5 UNITS are 900 Square Feet; 2 UNITS are 720 SQ. FT.;1 Apartment is a 2 Story, 3 BR 2 BA at 1200 SQ. FT. TWO FRONT HOMES have smaller backyards but extra storage built on site. ALL APARTMENTS have LARGE FENCED BACKYARDS;. EVERY Home has a Minimum of 2 PARKING SPACES. Most Homes have installed LUXUARY VINYL PLANKING FLOORING FOR waterproof and long lasting quality. Many have had upgrades inside the units. (See Photos).
Property Type(s):
Commercial
| Last Updated | 5/17/2025 | Community | Escondido |
|---|---|---|---|
| County | San Diego |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Escondido |
| HEAT | Wall Furnace |
| LOT | 0.97 acre(s) |
| LOT DESCRIPTION | Back Yard, Level, Lot Over 40000 Sqft, Near Public Transit, Paved, Rectangular Lot, Sprinkler System, Street Level, Value In Land |
| LOT DIMENSIONS | 200' X 211' |
| STORIES | 1 |
| UTILITIES | Electricity Connected,Sewer Connected,Water Connected |
| WATER | Public |
| ZONING | R-2: MINOR |
Location
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Listed with Howard West Coast Realty
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