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385 Lake Dr

Escondido, CA 92029
  • $1,295,000
  • STATUS: ACTIVE
  • ON SITE: 8 Days
  • ID#: 240015888
UPDATED: 141 min ago
$1,295,000
  • 5
    BEDS
  • 0.12
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,024
    SQFT
  • $640
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1929
County:

School Ratings & Info

Description

Incredible 3-unit opportunity situated in a beautiful and picturesque Lake Hodges neighborhood. Great for extended family living or living in one and renting the others out - the possibilities are endless! All units have been remodeled, completely turn-key and move-in ready! The Front Unit is a 3bd/2ba with 3 garaged parking spaces and features new quartz countertops, new appliances, new flooring, fresh paint inside and out, new windows and mini split. The back units are each 1bd/1ba with a bonus room, making it ideal for a home office/flex space, and feature Kitchen and bathroom remodels, new flooring, interior and exterior paint, new electrical outlets, windows and their own private patios and outdoor spaces. SELLER IS OFFERING A 2 POINT LOAN RATE BUY DOWN - SUBJECT TO FAVORABLE OFFER TERMS! Don't miss out on this great opportunity!

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.talechiaandassociates.com/homes/152486746
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385 Lake Dr Escondido, CA 92029

  • Price: $1,295,000
  • Status: ACTIVE
  • On Site: 8 Days
  • Updated: 141 min ago
  • ID#: 240015888
5
Beds
4
Baths
0
½ Baths
0.12
Acres
2,024
SQFT
$640
$/SQFT
1929
Built
Neighborhood:
Del Dios
County:
San Diego
Area:
Escondido (92029)
Property Description
Incredible 3-unit opportunity situated in a beautiful and picturesque Lake Hodges neighborhood. Great for extended family living or living in one and renting the others out - the possibilities are endless! All units have been remodeled, completely turn-key and move-in ready! The Front Unit is a 3bd/2ba with 3 garaged parking spaces and features new quartz countertops, new appliances, new flooring, fresh paint inside and out, new windows and mini split. The back units are each 1bd/1ba with a bonus room, making it ideal for a home office/flex space, and feature Kitchen and bathroom remodels, new flooring, interior and exterior paint, new electrical outlets, windows and their own private patios and outdoor spaces. SELLER IS OFFERING A 2 POINT LOAN RATE BUY DOWN - SUBJECT TO FAVORABLE OFFER TERMS! Don't miss out on this great opportunity!
Exterior Features

Exterior Wood/StuccoOther/Remarks Fencing PartialN/K Parking Garage Spaces Unit1 3 Roof Other/Remarks Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Units With Garages 1 Units With Patios 3

Interior Features

Cooling Attic FanWall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Units With Cooling 3 Units With Dishwashers 3 Units With Dryers 3 Units With Fireplaces 2 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 3

Property Features

Actual Cap Rate 15.1 Age Restrictions N/K Annual Expense Actual 0 Annual Expense Projected 33454 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community SOUTH ESCONDIDO Complex Park Campo Del Dios Cross Streets Juniper/Kalmia Ln Gross Rent Multiplier Actual 0.0 Gross Scheduled Income Actual 0 Home Owners Fees 0.0 Mandatory Remarks None Known Market Area North County Monthly Total Fees 0 Net Operating Income Projected 62577 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 4.2 Sales Restrictions N/K Security N/KOther/Remarks Short Sale No Tenant Pays N/K Terms CashConventionalFHAVA Unit1 Deposit 0 Unit1 Occupied Vacant Unit1 Projected Rent 3550.0 Unit1 Rent Actual 0.0 Unit2 Deposit 0 Unit2 Occupied Vacant Unit2 Projected Rent 2450.0 Unit2 Rent Actual 0.0 Unit3 Deposit 0 Unit3 Occupied Vacant Unit3 Projected Rent 1950 Unit3 Rent Actual 0.0

San Diego MLS logo Listing provided courtesy of Seth Obyrne of Compass: 858-869-3940. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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