101 E 15th AVE, Escondido, CA 92025 – ND25109847

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Gatehouse Properties

info@gatehouseproperties.com +1(714) 743-9882

$ 2,900,000

Est. payment | -/mo

0.97 Acres Lot

Save

$ 2,900,000

Est. payment | -/mo

Save

0.97 Acres Lot

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID ND25109847

HOA Y/N No

Tax Year 2024

Lot Size 0.970 Acres

Lot Dimensions Public Records

Property Sub-Type Multi Family

Property Description

MULTI- FAMILY COMPLEX FOR SALE. This complex is on a 42,200 SQ. FT. LOT. 10 LIVING UNITS TOTAL. It has 2 Single Family Homes - 4 duplexes and 2 additional free standing apartments. 1 OUTBUILDING is on a LONG TERM LEASE as Contracted Storage and rented by the Quarter. Another STORAGE is a LARGE TUFF SHED currently used for Tools and Building Supplies. The CAP Rate for 2024 was .032. Stable tenants; no turnover in last 4 years. All Tenants are on Month to Month Contracts. Rents below market - POTENTIAL INVESTOR UPSIDE. Two Front Houses are SFR's. One home is 4 BR 2 BA 1200 SQ. FT. Other SFR is 3 BR 1 BA at 782 SQ. FT.; 5 UNITS are 900 Square Feet; 2 UNITS are 720 SQ. FT.;1 Apartment is a 2 Story, 3 BR 2 BA at 1200 SQ. FT. TWO FRONT HOMES have smaller backyards but extra storage built on site. ALL APARTMENTS have LARGE FENCED BACKYARDS;. EVERY Home has a Minimum of 2 PARKING SPACES. Most Homes have installed LUXUARY VINYL PLANKING FLOORING FOR waterproof and long lasting quality. Many have had upgrades inside the units. (See Photos).

Location

State CA

County San Diego

Area 92025 - Escondido

Zoning R-2: MINOR

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Fence Good Condition, Vinyl, Wood

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Present Use Multi-Family

Total Parking Spaces 25

Building

Lot Description Back Yard, Lot Over 40000 Sqft, Near Public Transit, Paved, Rectangular Lot, Sprinkler System, Street Level, Value In Land, Level

Story 1

Water Public

Others

Tax ID 2364500400

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Listed by Nancy Howard Howard West Coast Realty

+1(714) 743-9882

info@gatehouseproperties.com

Costa Mesa, CA, 92626, United States

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101 E 15th AVE Escondido, CA 92025