345 E Park Ave - Apartments FOR SALE


Escondido, CA 92025- Central Escondido
$10,200,000 USD
858-761-2529
345 E Park Ave, Escondido, CA for Sale
$10,200,000 USD
Apartments - FOR SALE
1/16
null | 5.2% Cap Rate

345 E Park Ave
Escondido, CA 92025
Central Escondido


HIGHLIGHTS

  • Comprised entirely of two-bedroom/one-bathroom units
  • Resident-focused amenities including private balconies, laundry facilities, and private pool area
  • Well maintain and upgraded asset with significant rental upside
  • Located in the heart of Escondido less than one block away from “Food For Less“ grocery store and countless food and dining options
  • Convenient access to shopping, dining, schools, parks, and major transportation routes throughout North County

OVERVIEW

We are pleased to present Villa Park, a 37-unit multifamily community located at 345 E. Park Avenue in Escondido, California. Built in 1977, the two-story property features an attractive unit mix comprised entirely of two-bedroom, one-bathroom apartment homes, offering residents spacious layouts within an established residential setting. Villa Park provides a comfortable living environment enhanced by a variety of desirable community amenities. Residents enjoy private balconies, convenient off-street parking, laundry facilities and a private pool area. Situated in the heart of Escondido, the property benefits from proximity to downtown amenities, local retail, dining destinations, schools, parks, and major transportation corridors. Its central location provides residents with convenient access to employment centers throughout North County while maintaining the neighborhood feel that continues to attract renters to the area. Villa Park represents the opportunity to acquire a sizeable and stabilized multifamily asset in a growing Southern California submarket. The property's combination of functional apartment layouts, resident-focused amenities, and accessible location positions it to benefit from continued tenant demand.

FOR SALE DETAILS

PRICE

$10,200,000 USD

PRICE/SF

$368 USD /SF

# OF UNITS

37

PRICE/UNIT

$275,676

CAP RATE

5.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Villa Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

41

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

R-3-18

APN/PARCEL ID

229-220-40

ASK ABOUT THIS PROPERTY

Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

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Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

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