401-407 Idaho Ave - Apartments FOR SALE


Escondido, CA 92025- Central Escondido
$1,599,000 USD
425-802-5404
401-407 Idaho Ave, Escondido, CA for Sale
$1,599,000 USD
Apartments - FOR SALE
1/21
null | 5.4% Cap Rate

401-407 Idaho Ave
Escondido, CA 92025
Central Escondido


HIGHLIGHTS

  • 5.4% In-Place Cap Rate - 12.4 GRM
  • Low Maintenance Asset, Turnkey Condition
  • Three Detached Structures on an Oversized 0.7 Acre Lot
  • Private Yards & Balconies, Single Family Residence Feel for Tenants
  • Ample Parking, Garages, and Storage Space
  • Ability to Build ADU's or Complete Lot Split

OVERVIEW

401-07 Idaho Ave is a turnkey 4-unit multifamily asset sitting on a rare 0.7-acre lot in one of San Diego’s most resilient and sought-after North County rental submarkets. The property features a highly desirable unit mix consisting of (1) 3-bed / 2-bath, (1) 3-bed / 1-bath, (1) 2-bed / 1-bath, and a (1) 1-bed / 1-bath. Each unit is outfitted with premium finishes, new stainless steel appliances, and in-unit washer/dryers, designed to appeal to high-quality tenants and command top-of-market rents. The asset is further enhanced with upgraded electrical, new roofs, and plumbing, dramatically minimizing long-term risk and capex making this a secure long-term investment. Positioned in a high-demand, high-rent-growth corridor, 401-07 Idaho Ave offers investors an upgraded, low-maintenance property with exceptional design, modern construction quality, and strong in-place income. With continued appreciation potential and minimal capital improvement needs, this is a rare opportunity to acquire a stabilized asset in a core San Diego location.

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$380 USD /SF

# OF UNITS

4

PRICE/UNIT

$399,750

CAP RATE

5.4%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

R-1-6

APN/PARCEL ID

234-390-68

ASK ABOUT THIS PROPERTY

Dylan AckleyLandmark Multifamily And DevelopmentMore Info
425-802-5404

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Dylan AckleyLandmark Multifamily And DevelopmentMore Info
425-802-5404

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