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
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Additional Details
| LOT |
0.3385 acre(s) |
| STORIES |
2 |
| SUBDIVISION |
EAST ESCONDIDO |
Listed with Pat Swanson
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Properties on this website was last updated as recently as 7/27/26 2:12 AM PDT.
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