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$ 1,025,000
$ 1,139,250 10.0%
Est. payment | /mo
$ 1,025,000
$ 1,139,250 10.0%
Est. payment | /mo
Key Details
Sold Price $1,025,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision East Escondido
MLS Listing ID 240028104SD
Sold Date 01/22/25
HOA Y/N No
Year Built 1965
Property Description
**PLEASE DO NOT DISTURB THE TENANTS** Turn-Key 3-Unit Investment Opportunity in East Escondido This fully tenant-occupied property is a prime investment opportunity, delivering immediate cash flow and strong returns. With long-term tenants in place, the property generates over $6,000 in monthly rents, offering investors reliable income from day one. The front unit is a 2-bedroom single-family home, while the rear building, constructed around 1979, features a 1-bedroom, 1-bath unit on the ground floor and a 2-bedroom, 1-bath unit upstairs. Designed with functionality and tenant appeal in mind, the property includes off-street parking, an on-site coin-operated laundry, and private outdoor spaces. The front and ground-floor rear units feature separate yards, while the upstairs unit benefits from a 10x20 covered deck above the carport. Located on a quiet residential street with a Walk Score of 80, the property is close to stores, restaurants, and public transportation, attracting tenants who value convenience and walkability. This low-maintenance, turn-key asset is ideal for investors looking to add a high-performing property to their portfolio. Its strong rental income, tenant stability, and desirable location make it a rare find in East Escondido. Don't miss this opportunity to secure a tenant-occupied property with immediate income and long-term growth potential! Turn-Key 3-Unit Investment Opportunity in East Escondido This fully tenant-occupied property is a prime investment opportunity, delivering immediate cash flow and strong returns. With long-term tenants in place, the property generates over $6,000 in monthly rents, offering investors reliable income from day one. The front unit is a 2-bedroom single-family home, while the rear building, constructed around 1979, features a 1-bedroom, 1-bath unit on the ground floor and a 2-bedroom, 1-bath unit upstairs. Designed with functionality and tenant appeal in mind, the property includes off-street parking, an on-site coin-operated laundry, and private outdoor spaces. The front and ground-floor rear units feature separate yards, while the upstairs unit benefits from a 10x20 covered deck above the carport. Located on a quiet residential street with a Walk Score of 80, the property is close to stores, restaurants, and public transportation, attracting tenants who value convenience and walkability. This low-maintenance, turn-key asset is ideal for investors looking to add a high-performing property to their portfolio. Its strong rental income, tenant stability, and desirable location make it a rare find in East Escondido. Don't miss this opportunity to secure a tenant-occupied property with immediate income and long-term growth potential!
Location
State CA
County San Diego
Area 92025 - Escondido
Building/Complex Name Escondido
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Fence Cross Fenced
View Y/N No
Roof Type Composition
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 2292100400
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Listed by Bob Davie • SD Residential Property Mgmt
Bought with Farid Khayamian • Bluxen, Inc
Bought with Farid Khayamian • Bluxen, Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "