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Key Details
Sold Price $1,850,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NDP2401724
Sold Date 07/11/24
HOA Y/N No
Year Built 1977
Lot Size 0.349 Acres
Property Description
Fantastic 6 unit property in Old Escondido. Professionally maintained by owners with kid gloves since 1979. See maintenance history attached. All units occupied with long term leases. Significant rent growth opportunity - can increase rents the maximum allowed for 3 + years straight. All aspects of property professionally maintained including HVAC units, newer vinyl windows throughout, newer roof under warranty, copper plumbing replaced w/PEX, seamless gutters installed, flooring replaced where appropriate. Four 2 bed-1 bath units in Apartment building includes 2 car garage for each unit! House is a 2/1 nicely upgraded with attached garage plus a studio. Quote to remove the pool for $14,000. Proforma CAP Rate w/o Pool = 6.5%!
Location
State CA
County San Diego
Area 92025 - Escondido
Zoning Multi
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 9.0
Garage Description 9.0
Pool Community
Community Features Urban, Pool
View Y/N No
Total Parking Spaces 9
Private Pool No
Building
Lot Description Sprinkler System
Story 2
Entry Level Multi/Split
Sewer Public Sewer
Level or Stories Multi/Split
Others
Senior Community No
Tax ID 2303210400
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
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Bought with Carrie Behic • Hill Realty Group
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