331 Washington AVE, Escondido, CA 92025 (MLS # OC26160522)

Price $3,699,000
Status Active
Beds 2
Baths 2 Baths
Home size n/a
Lot Size 14,746 sqft
Days on Market 3
This 1988 constructed complex is down the street from Downtown Escondido, and consists of (10) 2 Bedroom Units, plus a non-conforming studio. All units have been recently renovated, providing a low-maintenance investment with immediate cash flow. The property offers a 5.31% current cap rate with upside. Situated in a highly walkable location with a 90 Walk Score, the property is just 0.4 to 0.6 miles from Downtown Escondido's restaurants, retail, and entertainment. The surrounding area boasts an average household income of approximately $103,000, while homeownership costs are approximately double the average apartment rent. Additionally, the property is not subject to local rent control, providing greater operational flexibility for future ownership.
Property Type(s): Multi Family
Last Updated 7/24/2026 Tract EAST ESCONDIDO
Year Built 0 County San Diego

Additional Details

LOT 0.3385 acre(s)
STORIES 2
SUBDIVISION EAST ESCONDIDO
Listed with Pat Swanson

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