1015 E Ohio Ave - Apartments FOR SALE


Escondido, CA 92025- Central Escondido
$3,825,000 USD
858-248-1222
1015 E Ohio Ave, Escondido, CA for Sale
$3,825,000 USD
Apartments - FOR SALE
1/13
null | 5.05% Cap Rate

1015 E Ohio Ave
Escondido, CA 92025
Central Escondido


HIGHLIGHTS

  • Fully Renovated Units with Luxury Finishes
  • Great Central Escondido Location Near Major Shopping Centers and Old Town
  • Abundant Parking with 22 Spaces – 14 are Covered Spaces
  • Full Roof Replacement in 2023
  • All Electrical Subpanels Replaced in 2021
  • Nearby 78 Freeway for Immediate Access to Surrounding Areas

OVERVIEW

CBRE is pleased to present the Bali Apartments, a fully renovated 15-unit apartment building located in the heart of Escondido in North County San Diego. The property features all 1 bed 1 bath units of approximately 630 square feet and abundant parking with 22 surface spaces, 14 of which are covered. Each unit has modern finishes including fully renovated kitchens and bathrooms along with new flooring, fixtures and dual pane vinyl windows. Kitchens feature countertop seating, stainless appliances, luxury gas ranges and floating vent hoods. Each unit also has an air conditioning unit. Major recent improvements include a full roof replacement in 2023 and new electrical panels in all units in 2021. With a Walk Score of 85, the property is close to everything Escondido has to offer. Escondido Village Shopping center is only a short 5-minute walk from the property with major retailers including Walmart, Albertsons, Chase Bank, Starbucks, Home Depot, Planet Fitness Gym and Vallarta Supermarket. Historic Downtown Escondido is also nearby with numerous retail stores, restaurants, museums and walking trails.

FOR SALE DETAILS

PRICE

$3,825,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

15

PRICE/UNIT

$255,000

CAP RATE

5.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bali Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

RH, Escondido

APN/PARCEL ID

230-201-18

ASK ABOUT THIS PROPERTY

Nate PepperCBREMore Info
858-248-1222

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Nate PepperCBREMore Info
858-248-1222

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