101 E 15th AVE new Save Request In-Person Tour Request Virtual Tour
Escondido,CA 92025
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID ND25109847
Tax Year 2024
Lot Size 0.970 Acres
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)
Laundry Electric Dryer Hookup,Gas Dryer Hookup
Exterior
Fence Good Condition,Vinyl,Wood
Utilities Available Electricity Connected,Sewer Connected,Water Connected
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
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard