Welcome to 228 East 15th Avenue in Escondido, a prime opportunity for investors and homeowners alike. This income-producing property sits on a generous 9,000 square foot R-2 lot, offering significant upside potential. The main home features 3 bedrooms and 1 bathroom across with 1,008 square feet of living space, with beautiful hardwood floors throughout. The attached garage provides ample parking and additional storage options, complemented by a separate storage shed on the property. The expansive backyard is perfect for outdoor activities, featuring a charming gazebo ideal for relaxation or entertaining guests. This value-add property includes two units, with potential for rental income or multi-generational living. With its spacious lot and strategic zoning, the possibilities for expansion or development are vast. Don’t miss out on this rare opportunity to invest in a property with both immediate and long-term benefits. Schedule a viewing today to explore the endless possibilities this property offers.
Large 2 bedroom/1 bath units in a rapidly gentrifying, quiet, unique HOA community of sixteen 4-plexes. All the units were rehabbed over the last few years. Tenants move in and almost never leave. Upside on the rents. Four large single car garages. Potential to turn one or more of the garages into ADU. (Already happening in the neighborhood). The building has its own laundry room with coin operated washer/dryer. Additional storage room for owner. The HOA pays for common area landscape/maintenance, trash, and an onsite manager. Located in an opportunity zone. Property can be purchased individually or with another 4-plex at 340 Lansing Circle. Buyer to cooperate with sellers 1031 exchange.
Large 2 bedroom/1 bath units (approx 875 sq ft each) in a rapidly gentrifying, quiet, unique HOA community of sixteen 4-plexes. All the units were rehabbed over the last few years. Tenants move in and almost never leave. Significant upside on the rents. Large unused yard area of over 6,000 sq ft for potential adding one or more ADUs. The building has its own laundry room with coin operated washer/dryer. The HOA pays for common area landscape/maintenance, trash, and an onsite manager. Located in an opportunity zone. Property can be purchased individually or with another 4-plex at 355 Lansing Circle.
This unique mixed use zoned PUD townhouse with attached shop keeper's unit includes a tri-level, 3 bdrm, 3.5 bath, approximately 1,744 square foot townhouse with attached garage & an approximately 600 plus square foot commercial space. POSSIBLE CONVERSION OF COMMERCIAL SPACE TO ADU & SELL SEPARATELY (BUYER TO VERIFY WITH STATE LAWS, CITY OF ESCONDIDO, LENDER, & HOA). Assembly Bill 1033 (AB 1033): Introduced significant changes to California's Accessory Dwelling Units (ADUs) regulations. This provision allows ADUs to be sold or conveyed separately from the primary residence. This means homeowners can now sell ADUs independently, similar to how condominiums are sold. The existing unit might qualify under this law.(Buyer to verify) There are 2 master suites on the top floor with full bathrooms, and the second level features a bedroom & full bathroom. Other highlights include granite kitchen countertops, vaulted ceilings, gas fireplace, central AC and a full size laundry room. The full laundry room consist of cabinetry, utility sink, counter space washer & dryer connections as well as a laundry chute which services the bathrooms above. 2 units have separate addresses but they are sold under a single title deed since they share a common roofline and walls. Commercial bar furniture does not convey.
Three Detached Homes with garages. Across from Escondido High School. Existing Rents below market. No Signs. Do not disturb tenants.
Duplex rests on an approximate 70x100 square foot lot, afforded privacy by tall full trees. The two-units are situated toward the front of the lot providing large yard spaces behind both units. There is currently a wood fence separating the yard spaces – creating privacy. Unit 512 has approximately 1,330 square feet of side/rear yard area. Unit 510 has approximately 820 square feet of side and rear yard area. Without much effort, existing covered patios could be removed to make way for possible large ADU, possibly 800 square feet or so. Also consider converting the existing two adjacent single-car garages to a studio. Create your own family compound. Unit 512 has a swing-gate access for RV parking off of 12th Avenue while at the same time has off-street parking for one vehicle in front of the swing gate. There are two other off-street parking spaces in front of the two adjacent single-car garages. Also, plenty of on-street parking seems to be readily available most of the time along both 12th Avenue and Pine Street. The beautiful Sprouts Farmers Market grocery store is right across the street. Recent updates include hardscape improvements, concrete driveway expansion for unit 512. Recently installed furnace in unit 512 cost about $8k, Wall AC in unit 510, new fence which cost about $10k. New roof after removal of all underlying roofing material and install of new felt paper, all which cost about $10k. New sliding glass door in unit 512.
Duplex rests on an approximate 70x100 square foot lot, afforded privacy by tall full trees. The two-units are situated toward the front of the lot providing large yard spaces behind both units. There is currently a wood fence separating the yard spaces â?? creating privacy. Unit 512 has approximately 1,330 square feet of side/rear yard area. Unit 510 has approximately 820 square feet of side and rear yard area. Without much effort, existing covered patios could be removed to make way for possible large ADU, possibly 800 square feet or so. Also consider converting the existing two adjacent single-car garages to a studio. Create your own family compound. Unit 512 has a swing-gate access for RV parking off of 12th Avenue while at the same time has off-street parking for one vehicle in front of the swing gate. There are two other off-street parking spaces in front of the two adjacent single-car garages. Also, plenty of on-street parking seems to be readily available most of the time along both 12th Avenue and Pine Street. The beautiful Sprouts Farmers Market grocery store is right across the street. Recent updates include hardscape improvements, concrete driveway expansion for unit 512. Recently installed furnace in unit 512 cost about $8k, Wall AC in unit 510, new fence which cost about $10k. New roof after removal of all underlying roofing material and install of new felt paper, all which cost about $10k. New sliding glass door in unit 512.
Three Detached Homes with garages. Across from Escondido High School. Existing Rents below market. No Signs. Do not disturb tenants.
Great Investment Opportunity! Three units - 1 BR/1 BA with a garage, 2BR/1 BA and a 1BR/2 BA with a large attached storage room. Needs some fixing but loads of potential. The adjoining vacant lot creates a country in the city feel as the vacant lot is dressed with green lawns and trees. Keep the lot as a yard or develop into your dream. Currently all units are rented. City zoning is restricted commercial with the new Urban lV/V overlay which permits Single family, Multi-family, Residential Care Facility, Community Gardens and more. Photos are combined to include adjoining vacant lot which must be purchased in conjunction with this lot and triplex.
Great Investment Opportunity! Three units - 1 BR/1 BA with a garage, 2BR/1 BA and a 1BR/2 BA with a large attached storage room. Needs some fixing but loads of potential. The adjoining vacant lot creates a country in the city feel as the vacant lot is dressed with green lawns and trees. Keep the lot as a yard or develop into your dream. Currently all units are rented. City zoning is restricted commercial with the new Urban lV/V overlay which permits Single family, Multi-family, Residential Care Facility, Community Gardens and more. Photos are combined to include adjoining vacant lot which must be purchased in conjunction with this lot and triplex.
Price Correction! With a total of 2,920 sqft of living space with SIX bedrooms between THREE units -- it's Cheaper than buying the same living space as a single family house! Great investment opportunity with significant upside in rents, and a wonderful multigenerational living situation with a Detached Single Family House with Attached Garage in the front, and two 2 story Townhouse Style units in the back! Sitting on 7,376 sqft of lot space grants each home their own private yard and 2+ parking spaces, a carport for the townhomes located off the alley and driveway off of E 2nd for the front home. Washer dryer for each unit located on a quiet residential street within a mile of local eateries, the Maple Street Plaza and 1/2 a mile to Home Depot, Walmart and grocery stores.... What more could you ask for in a long term investment!
New construction in the Westside Hillside neighborhood of Old Escondido. Three bedroom single story main residence with separately permitted attached one bedroom residence above the garage. Investment opportunity to operate as a duplex. Highly desirable location with convenient access to shopping, entertainment, schools and transportation. Functional finishes throughout for long-term tenancy with low turnover and expenses. Spacious garage is plumbed for potential third unit conversion. Good schools close by: Felicita Elementary, Del Dios Middle School, San Pascual High School.
*PROPERTY IS ON A PRIVATE STREET. PLEASE CONTACT LISTING AGENT BEFORE DRIVING THE PROPERTY* Discover this unique 9.5 acre property in Lilac Hills! featuring three separate structures – a main house, two rental units, and 4 detached garages. The main residence offers spacious interiors while the additional rental units stand ready to generate income, whether through long-term leases or short-term Airbnb rentals. In addition, there is a guest space located beneath the main residence, offering an ideal space for accommodating guests or providing privacy for family members. Outside, explore ample outdoor space perfect for personal use or investment ventures. The property is zoned for light agriculture, allowing for many types of land uses such as Recreational amenities like spas and pools, Accessory dwelling units, Animal keeping, Agricultural projects, and much more Additional highlights include cost-effective utilities with SDG&E's agriculture rate, a drilled well, 25 avocado trees, trailer hookups and much more Whether you seek a personal retreat, investment opportunity, or both, this Escondido estate awaits you! Please Reach out to The Listing Agent Joey Belcastro with any questions
An amazing investment opportunity located in beautiful Escondido California. This recently updated multifamily property offers 3 units, 3 covered parking spots, and a compact storage area for tenants to store items. Units A and C have been recently updated with new flooring, new paint, and renovated kitchen and bathroom. This is a fantastic opportunity for anyone looking for great passive income and even more value should you buy and hold this property. Don't let this opportunity slip through your fingers.
The median home value in Escondido, CA is $810,250. 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 $810,250. 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 has a population of 151,443. Escondido is more family-centric than the surrounding county with 34.48% 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 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 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.