Exceptional 4-Unit Development Opportunity in Escondido! Seize approved plans to upscale an existing Duplex from 2 units with 2 beds/1 bath each to 2 larger units with 3 beds/2 baths, plus a detached 2-car garage. Option to further expand with a 2-Unit ADU, achieving a total of 4 units. The Duplex is construction-ready, stripped to the studs with permits for the 2x 3-bed/2-bath project. Situated in San Diego County, Escondido is a hidden gem offering attractions like the San Diego Zoo Safari Park, arts, and outdoor activities. Early development phase allows for submeter installation, letting tenants pay utilities to increase ROI. Act promptly before the seller begins construction. Submitted concept for a 2-unit ADU to city who verbally approved this type of ADU was acceptable on this property providing potential flexibility to collect rents or sell ADUs separately under new regulations. An incredible chance for savvy investors. Act now to capitalize on this investment! Buyers and their Agents are encouraged to verify all info with city of Escondido.
Property Type(s):
Multi Family
|
Last Updated
|
5/9/2024
|
Tract
|
NACHTIGALLS
|
|
Year Built
|
1950
|
County
|
San Diego
|
Additional Details
| BUYER'S BROKERAGE COMPENSATION |
2.0 |
| CONSTRUCTION |
Stucco |
| LOT |
7841 sq ft |
| LOT DIMENSIONS |
147'x50' |
| SUBDIVISION |
NACHTIGALLS |
| ZONING |
R-2:MINOR |
Listed with David T. Mejia
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Properties on this website was last updated as recently as 5/15/24 11:39 PM PDT.
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