Price Reduced ListingBack on Market! Previous escrow canceled through no fault of the seller. Here's a rare opportunity to own a sought-after multi-residential income property in the thriving heart of Downtown Escondido. This two-story multifamily property features three separate units: two 1-bedroom units on the lower level and one 2-bedroom unit upstairs, offering strong rental appeal and an established income history. Seller has completed repairs and improvements based on items identified in a recent property inspection report. The inspection report, along with receipts/documentation for completed repairs, will be provided for review at the time of offer. The property is thoughtfully configured with a practical layout that maximizes privacy and functionality. Its two-story design provides separation between units, while fenced on-site parking adds convenience and security-an especially desirable feature in a downtown setting. The overall configuration supports consistent occupancy and appeals to tenants seeking comfortable living in a central location with easy access to everyday essentials. Ideally situated near shopping, restaurants, entertainment, and local services, the property benefits from its location in a vibrant and walkable neighborhood. Residents can enjoy nearby retail and dining options, along with convenient access to public transportation and major commuter routes. Located in a high-demand rental market, this property's functional layout, established tenancy, and tenant-friendly amenities present a compelling opportunity for investors seeking an income-producing multifamily asset with potential for future upside. Don't miss the opportunity to add this Downtown Escondido multifamily property to your investment portfolio.
| MLS # | NDP2604350 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2010 |
| Days On Site | 187 |
| Listing Provided By | Palomar Property Services | John Boruff |
| Story(s) | 2 |
|---|---|
| Units | 3 |
| Building(s) | 1 |
| Zoning | R-4:MULTIPLE RESIDENTIAL |
| Acreage | 0.10 |
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Interior Features | Ceiling Fans |
| Appliances | Free Standing Range, Gas Oven, Gas Range, Refrigerator, Water Heater |
| Fireplace Yes / No | No |
| Exterior Features | Balcony |
|---|---|
| Construction Materials | Drywall |
| Lot Features | Corner Lot, Landscaped, Near Public Transit, Yard |
| Fencing | Good Condition |
| Parking Features | Assigned, Controlled Entrance |
|---|---|
| Garage Yes / No | No |
| Utilities | Electricity Connected |
|---|---|
| Electric | Standard |
| Community Features | Street Lights, Urban |
|---|
| State | CA |
|---|---|
| County | San Diego |
| City | Escondido |
| Zip Code | 92025 |
| Area | 92025 Escondido |
| Listing VS Median (in 92025) | |
Price: $875,000 low | high Med: $699,900 On site: 187 low | high Med: 80 | |
| State | CA |
|---|---|
| County | San Diego |
| City | Escondido |
| Zip Code | 92025 |
| Area | 92025 Escondido |
| Listing VS Median (in 92025) | |
Price: $875,000 low | high Med: $699,900 On site: 187 low | high Med: 80 | |