752 W 9th Ave - Apartments FOR SALE


Escondido, CA 92025- Central Escondido
$1,795,000 USD
858-380-8553
752 W 9th Ave, Escondido, CA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/26
null | 6.03% Cap Rate

752 W 9th Ave
Escondido, CA 92025
Central Escondido


HIGHLIGHTS

  • NEW CONSTRUCTION
  • Great Mix of 2 - 3bed/2ba's, 1 - 2bed/1ba & 1 - 1bed/1ba Units
  • Spacious Foorplans, High End Fixtures/Finishes
  • Strong Cashflowing Asset
  • Washer/Dryers in Unit
  • Prime Escondido Location

OVERVIEW

We're pleased to present 752 W 9th Ave, Escondido. The subject property consists of four (4) total units; two (2) ground up new construction structures comprising of 2 - 3bed/2bath units and a 2bed/1bath with a completely remodeled detached third structure - 1bed/1bath at the rear of the lot. The units have spacious floorplans with high ceilings, washer/dryers in unit, mini-splits, brand new appliances, recessed lighting and high end finishes. The 2nd story 2bed/1ba has a spacious front deck with mountain views and the 3bed/2ba a spacious front yard for the tenants and guests to enjoy. No expense was spared on this build and that is reflected in the quality of both the interiors and exteriors of the units. This is a turn key asset that would make a great investment opportunity for a buyer seeking a strong cash-flowing asset with little to no maintenance needed over the coming years and/or an owner/user that can occupy a unit and supplement the rental income from the other three units to pay the mortgage. The property is extremely well located a few minutes from the freeway within close proximity to major employment hubs off Centre City Parkway. The region is quickly gentrifying as a central location with a strong tenant base due to the great schools, places of employment, proximity to city transit and restaurant/entertainment venues. Please do not walk on property or disturb tenants. Please contact agent Cameron Ebrahimi for showing instructions.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$665 USD /SF

# OF UNITS

4

PRICE/UNIT

$448,750

CAP RATE

6.03%

% LEASED

25%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R-1-7

APN/PARCEL ID

233-331-14-00

ASK ABOUT THIS PROPERTY

Cameron EbrahimiBridgePoint Realty, INCMore Info
858-380-8553

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Cameron EbrahimiBridgePoint Realty, INCMore Info
858-380-8553

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