$2,600,000
$2,750,000
5.5%For more information regarding the value of a property, please contact us for a free consultation.
101 E 15th AVE Escondido, CA 92025
0.97 Acres Lot
Key Details
Sold Price $2,600,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ND25109847
Sold Date 01/09/26
HOA Y/N No
Tax Year 2024
Lot Size 0.970 Acres
Lot Dimensions Public Records
Property Sub-Type Multi Family
Property Description
MULTI- FAMILY COMPLEX FOR SALE. This complex is on a 42,200 SQ. FT. LOT. 10 LIVING UNITS TOTAL. It has 2 Single Family Homes - 4 duplexes and 2 additional free standing apartments. 1 OUTBUILDING is on a LONG TERM LEASE as Contracted Storage and rented by the Quarter. Another STORAGE is a LARGE TUFF SHED currently used for Tools and Building Supplies. The CAP Rate for 2024 was .032. Stable tenants; no turnover in last 4 years. All Tenants are on Month to Month Contracts. Rents below market - POTENTIAL INVESTOR UPSIDE. Two Front Houses are SFR's. One home is 4 BR 2 BA 1200 SQ. FT. Other SFR is 3 BR 1 BA at 782 SQ. FT.; 5 UNITS are 900 Square Feet; 2 UNITS are 720 SQ. FT.;1 Apartment is a 2 Story, 3 BR 2 BA at 1200 SQ. FT. TWO FRONT HOMES have smaller backyards but extra storage built on site. ALL APARTMENTS have LARGE FENCED BACKYARDS;. EVERY Home has a Minimum of 2 PARKING SPACES. Most Homes have installed LUXUARY VINYL PLANKING FLOORING FOR waterproof and long lasting quality. Many have had upgrades inside the units. (See Photos).
Location
State CA
County San Diego
Area 92025 - Escondido
Zoning R-2: MINOR
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Fence Good Condition, Vinyl, Wood
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Present Use Multi-Family
Total Parking Spaces 25
Building
Lot Description Back Yard, Lot Over 40000 Sqft, Near Public Transit, Paved, Rectangular Lot, Sprinkler System, Street Level, Value In Land, Level
Story 1
Water Public
Others
Tax ID 2364500400
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with General NONMEMBER NONMEMBER MRML