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(602) 769-4725
Real Estate Company
841-45 4th Ave, Escondido, CA 92025
- $1,850,000
- 8
- BD
- 4
- BA
- Sold Price
- $1,850,000
- List Price
- $1,850,000
- Status
- CLOSED
- Days on Market
- 132
- Closing Date
- Jul 11, 2024
- MLS#
- NDP2401724
- Subtype
- Residential Income
- Bedrooms
- 8
- Bathrooms
- 4
- Lot Size
- 15,185
- Acres
- 0.35
- Neighborhood
- Old Escondido
- MLS Area Major
- North County Inland
Property Description
Fantastic 6 unit property in Old Escondido. Professionally maintained by owners with kid gloves since 1979. See maintenance history attached. All units occupied with long term leases. Significant rent growth opportunity - can increase rents the maximum allowed for 3 + years straight. All aspects of property professionally maintained including HVAC units, newer vinyl windows throughout, newer roof under warranty, copper plumbing replaced w/PEX, seamless gutters installed, flooring replaced where appropriate. Four 2 bed-1 bath units in Apartment building includes 2 car garage for each unit! House is a 2/1 nicely upgraded with attached garage plus a studio. Quote to remove the pool for $14,000. Proforma CAP Rate w/o Pool = 6.5%! Fantastic 6 unit property in Old Escondido. Professionally maintained by owners with kid gloves since 1979. See maintenance history attached. All units occupied with long term leases. Significant rent growth opportunity - can increase rents the maximum allowed for 3 + years straight. All aspects of property professionally maintained including HVAC units, newer vinyl windows throughout, newer roof under warranty, copper plumbing replaced w/PEX, seamless gutters installed, flooring replaced where appropriate. Four 2 bed-1 bath units in Apartment building includes 2 car garage for each unit! House is a 2/1 nicely upgraded with attached garage plus a studio. Quote to remove the pool for $14,000. Proforma CAP Rate w/o Pool = 6.5%!
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Additional Information
- Levels
- Split Level
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Listing courtesy of Listing Agent: Ed Swauger (760-497-3664) from Listing Office: Francis Taylor Properties.
Selling Office: Hill Realty Group.
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