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UPDATED:
12/19/2024 05:52 AM
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Subdivision East Escondido
MLS Listing ID 240028103SD
HOA Y/N No
Year Built 1948
Property Description
***PLEASE DO NOT DISTURB THE TENANTS*** Prime 4-Unit Tenant-Occupied Investment Opportunity in Old Escondido. This fully tenant-occupied, turn-key property is a rare gem in the heart of Old Escondido, offering immediate and consistent income from day one. All four units are leased by long-term tenants, generating over $6,000 in monthly rents, with a strong cap rate that makes this an exceptional opportunity for investors seeking stable cash flow and high returns. The property features one 2-bedroom, 1-bath unit, two 1-bedroom, 1-bath units, and a non-conforming studio all with significant rental upside. Additional amenities include three single-car garages, off-street parking, and private and communal outdoor spaces, all enhancing tenant retention and property value. Located on a quiet residential street this property is perfect for investors looking for a hands-off, income-generating asset in one of Escondido's great neighborhoods. Seize this rare opportunity to own a fully tenant-occupied property with immediate income and long-term value!
Location
State CA
County San Diego
Area 92025 - Escondido
Building/Complex Name Escondido
Interior
Cooling None
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 2336303600
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Bob Davie • SD Residential Property Mgmt