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406-416 E 10TH Ave

Escondido, CA 92025
  • $2,395,000
  • STATUS: ACTIVE
  • ON SITE: 50 Days
  • ID#: 240022547
UPDATED: 57 min ago
$2,395,000
  • 3
    BEDS
  • 0.46
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

7-UNIT prime investment opportunity in the heart of Escondido, a vibrant city known for its rich history, cultural attractions, and scenic surroundings. This 7-unit multi-family property presents an excellent chance for astute investors seeking both stability and growth in their portfolio. Nestled in a desirable neighborhood, this well-maintained multi-family property boasts units that are strategically positioned to optimize privacy while offering residents easy access to local amenities. The property is enhanced by parking for each unit, communal green space, convenient on-site laundry facilities, and limited storage availability. These features contribute to the overall appeal of the property, ensuring tenant satisfaction and retention. The property's strong financial performance and potential for further growth make it a compelling investment option in the Escondido real estate market. Don't miss the chance to add this exceptional 7-unit multi-family property to your investment portfolio. Whether you're a seasoned investor or exploring new opportunities, this property represents a solid foundation for long-term success in the dynamic Escondido real estate market.

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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/155633712
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406-416 E 10TH Ave Escondido, CA 92025

  • Price: $2,395,000
  • Status: ACTIVE
  • On Site: 50 Days
  • Updated: 57 min ago
  • ID#: 240022547
3
Beds
3
Baths
0
½ Baths
0.46
Acres
Neighborhood:
Escondido (92025)
County:
San Diego
Area:
Escondido (92025)
Property Description
7-UNIT prime investment opportunity in the heart of Escondido, a vibrant city known for its rich history, cultural attractions, and scenic surroundings. This 7-unit multi-family property presents an excellent chance for astute investors seeking both stability and growth in their portfolio. Nestled in a desirable neighborhood, this well-maintained multi-family property boasts units that are strategically positioned to optimize privacy while offering residents easy access to local amenities. The property is enhanced by parking for each unit, communal green space, convenient on-site laundry facilities, and limited storage availability. These features contribute to the overall appeal of the property, ensuring tenant satisfaction and retention. The property's strong financial performance and potential for further growth make it a compelling investment option in the Escondido real estate market. Don't miss the chance to add this exceptional 7-unit multi-family property to your investment portfolio. Whether you're a seasoned investor or exploring new opportunities, this property represents a solid foundation for long-term success in the dynamic Escondido real estate market.
Exterior Features

Construction DrywallFrameStucco Exterior Front SprinklersFully LandscapedPart FencedWood Deck Parking GaragesSpaces Parking Spaces Total 8 Roof Composition Units With Garages 3

Interior Features

Cooling Wall/Window Floor Coverings HardwoodTileVinylWall to Wall Carpet Heating Wall Laundry Owned Sq Ft Of Improvement 5376 Stories 2 Story Unit Furnished1 No Unit Furnished2 No Units With Dishwashers 0 Units With Ranges 7 Units With Refrigerators 7

Property Features

Actual Cap Rate 5.4 Actual Gas And Electric 4653 Actual Gross Scheduled Income 167100.0 Actual Operating Expense 37664.08 Actual Other Expense 11000 Actual Taxes Expense 13920 Actual Total Expense 37664 Actual Trash Expense 2059 Actual Water Sewer Expense 6030 Assumable Finance 0 Buildings 2 Existing Financing Conventional Financial Information Source Owner Gross Equity 479000 Gross Multiplier 14.33 Have 7 Units Leased Apartments 7 Mandatory Remarks None Known Market Area North County Monthly Rent Total 13925 Motive Want 1031 Projected Cap Rate 5.86 Projected Gas And Electric 4653 Projected Gross Multiplier 12.37 Projected Gross Scheduled Inc 193500 Projected Net Income 140506 Projected Operating Expense 52993 Projected Other Expense 11500 Projected Taxes Expense 28750 Projected Total Expense 52992 Projected Trash Expense 2059 Projected Water And Sewer Expense 6030 Sq Ft Source Buyer to VerifyTax Record Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water Y Terms CashCash to New LoanExchange DownExchange Up Unit Number1 6 Unit Number2 1 Unit Rent Total1 12225 Unit Rent Total2 1700 Unit Type ApartmentFourplexTriplex

San Diego MLS logo Listing provided courtesy of Kyle Stoner of Keller Williams Realty: 760-207-9080. 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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