Easy cash flow opportunity in East Escondido. The Cambria Townhomes is a 5 unit apartment building that has been 80%(4 of the 5) renovated by the current ownership. Upgrades include but are not limited to quartz countertops in kitchens and baths as well as new cabinets, in unit washers and dryers, luxury vinyl plank flooring, dual pane vinyl windows, new exterior fencing for the back of the units, upgraded appliances and fixtures. Built in 1973, the property has spacious units with 3 of the 5 units townhouse style and the remaining 2 being flats. There is a direct entrance from the parking area into each unit for resident's convenience. The 5th unit was remodeled in 2018. Current ownership replaced the roof and fascia of the building in December 2023 and at the same time replaced the roof of the carports. There are RUBS in place that generate an additional $300 monthly offsetting the water, sewer, and trash expense. Walking distance to Orange Glen High School, this property is a cash cow with upside by completing the renovation of the 5th unit and raising rents over time knowing that there will be little ongoing maintenance due to the renovations. There are no balconies so no issues with SB 721.
Grandview Escondido presents a prime opportunity to acquire a newly constructed (2023), fully leased 15-unit multifamily asset in the heart of Escondido. Strategically located within the I-15 and Highway 78 corridor, the property benefits from immediate access to retail, dining, and essential services. Escondido is a rapidly growing submarket within North San Diego County, boasting a strong employment base, top-tier education institutions, and a diverse population. The city offers a competitive rental market with favorable occupancy trends, making Grandview an ideal investment for long-term appreciation and income growth. 1-YEAR "MASTER-LEASE" WITH SELLER Upon transfer of the property, seller will enter into a no-cost one-year management agreement and guarantee rents of $48,000/ monthly to the benefit of the buyer. To be further defined, contact broker for additional information.
Welcome to this prime commercial property nestled in the bustling streets of Escondido, California. Boasting a coveted location, this offering features not just one, but two distinct buildings strategically positioned on a highly transited street, ensuring unparalleled visibility and access for your business endeavors. The property presents a fantastic opportunity for versatility and expansion with its dual-building setup, providing ample space for various commercial purposes. Whether you're envisioning offices, retail spaces, a medical facility, or even a combination of uses, the layout allows for seamless customization to suit your specific needs. One of the standout features of this property is its accommodation for convenience and accessibility. With a generous allocation of 16 dedicated parking spaces, clientele and employees alike will find ease in accessing the premises, enhancing the overall appeal and functionality of the space. Escondido's thriving community and vibrant economy offer a strategic advantage for any business looking to establish or expand its presence. The location's high foot traffic and visibility make it an ideal destination to attract customers and foster growth. Imagine the possibilities within these well-positioned buildings, strategically designed t
The median home value in Escondido, CA is $725,000. This is lower than the county median home value of $846,300. The national median home value is $338,100. The average price of homes sold in Escondido, CA is $725,000. Approximately 49.96% of Escondido homes are owned, compared to 46.39% rented, while 3.65% are vacant. Escondido real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Escondido real estate agent to arrange a tour today!
Escondido, California 92027 has a population of 151,443. Escondido 92027 is less family-centric than the surrounding county with 32.89% of the households containing married families with children. The county average for households married with children is 33.76%.
The median household income in Escondido, California 92027 is $70,115. The median household income for the surrounding county is $88,240 compared to the national median of $69,021. The median age of people living in Escondido 92027 is 35.7 years.
The average high temperature in July is 86.3 degrees, with an average low temperature in January of 42.6 degrees. The average rainfall is approximately 14.2 inches per year, with 0 inches of snow per year.