101-107 E 15th Ave - Apartments FOR SALE


Escondido, CA 92025- Central Escondido
$2,750,000 USD
760-215-0615
101-107 E 15th Ave, Escondido, CA for Sale
$2,750,000 USD
Apartments - FOR SALE
1/28
null | 3.16% Cap Rate

101-107 E 15th Ave
Escondido, CA 92025
Central Escondido


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$361 USD /SF

# OF UNITS

11

PRICE/UNIT

$250,000

CAP RATE

3.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,210 SF

ZONING

R-2-12, Escondido

APN/PARCEL ID

236-450-04

ASK ABOUT THIS PROPERTY

Nancy HowardHoward West Coast RealtyMore Info
760-215-0615

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Nancy HowardHoward West Coast RealtyMore Info
760-215-0615

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.