401-07 Idaho Ave, Escondido, CA 92025

$1,599,000
9
BD
5
BA

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List Price
$1,599,000
Status
PENDING
Days on Market
47
MLS#
260015837
Subtype
Residential Income
Year Built
1956
Bedrooms
9
Bathrooms
5
Full Baths
5
Lot Size
30,927
Acres
0.71
Subdivision
Southeast Escondido
Neighborhood
Juniper
Building Name
Na
MLS Area Major
North County Inland

Property Description

401-07 Idaho Ave is a turnkey 4-unit multifamily asset sitting on a rare 0.7-acre lot in one of San Diego’s most resilient and sought-after North County rental submarkets. The property features a highly desirable unit mix consisting of (1) 3-bed / 2-bath, (1) 3-bed / 1-bath, (1) 2-bed / 1-bath, and a (1) 1-bed / 1-bath. Each unit is outfitted with premium finishes, new stainless steel appliances, and in-unit washer/dryers, designed to appeal to high-quality tenants and command top-of-market rents. The asset is further enhanced with upgraded electrical, new roofs, and plumbing, dramatically minimizing long-term risk and capex making this a secure long-term investment. Positioned in a high-demand, high-rent-growth corridor, 401-07 Idaho Ave offers investors an upgraded, low-maintenance property with exceptional design, modern construction quality, and strong in-place income. With continued appreciation potential and minimal capital improvement needs, this is a rare opportunity to acquire a stabilized asset in a core San Diego location.

Additional Information

Zoning
R-1-6
Air Conditioning
Window/Wall
Levels
One
Roof
Composition

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Dylan C. Ackley (858-284-9055) from Listing Office: Landmark Multifamily and Development.

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