858-373-3166
725 N Fig St, Escondido, CA for Sale
Apartments - FOR SALE
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725 N Fig St
Escondido, CA 92025
Central Escondido


HIGHLIGHTS

  • Based on market rent comparables and implementing a value-add renovation program, a rent premium of $246 (10%) over average in-place units.
  • In-Place and Pro forma rents currently 12.8% and 4.0% respectively below 80% AMI (Low-Income) rent limits.
  • A low-density, garden-style community comprised of 100 units featuring spacious two- and three-bedroom floorplans averaging 1,015 SF.
  • Community amenities include a resort-style swimming pool/spa, recreation room, controlled access with covered and assigned parking, and onsite laundry
  • Just 1.3 miles east from Downtown Escondido, a vibrant historic district known for its art galleries, museums, restaurants, and boutique shops.
  • The Highway 78 corridor is a thriving economic hub, supporting over 292,700 jobs with 5.1% job growth, and a low 3.4% unemployment rate.

OVERVIEW

Institutional Property Advisors is pleased to present Estancia Apartment Homes, a 100-unit multifamily opportunity located in Escondido, California which presents a unique opportunity to acquire a well-maintained garden-style community in one of north county San Diego's fastest-growing rental markets. Built in 1972, Estancia Apartments is a two-story community featuring spacious two- and three-bedroom floorplans averaging 1,015 SF. The property is located in central Escondido, a well-established residential neighborhood known for its convenient access to shopping, dining, and everyday amenities. With proximity to major transportation corridors including Interstate 15 and Highway 78, the property provides strong connectivity to surrounding employment centers and regional destinations throughout North County San Diego. Community amenities include a resort-style swimming pool/spa, a recreation room with pool/ping pong table, lounge area with TV, controlled access with covered and assigned parking, as well as on-site laundry facilities. Interior unit features include full-sized appliance packages with range/oven and hood, refrigerator, dishwasher, spacious cabinetry with pantry storage, granite-like countertops in select units, ceiling fans in dining areas, oversized closets, white horizontal blinds, vinyl plank flooring and carpet in select units. Units are further enhanced by central air conditioning and heating, with private outdoor spaces including patios, balconies, and fenced yard areas in select layouts. Estancia Apartment Homes is centrally located near Downtown Escondido, a vibrant district offering a mix of restaurants, boutique retail, entertainment venues, and cultural attractions. Escondido is one of North County San Diego’s largest and fastest-growing cities and serves as a key node along the highly sought after Highway 78 corridor, providing direct access to over 292,700 jobs and the region’s primary employment centers and business hubs. Situated in San Diego’s North County, the submarket has seen limited availability of multifamily assets of this size, making Estancia Apartment Homes a rare investment opportunity in a supply-constrained market. Please reach out for Deal Room Access.

FOR SALE DETAILS

PRICE

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# OF UNITS

100

CAP RATE

Request Cap Rate

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Estancia Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

148

LAND DETAILS

LAND ACRES

4.72 AC

LAND SF

205,603 SF

ZONING

R-3

APN/PARCEL ID

229-230-66

ASK ABOUT THIS PROPERTY

Christopher ZorbasInstitutional Property AdvisorsMore Info
858-373-3166

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Christopher ZorbasInstitutional Property AdvisorsMore Info
858-373-3166

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