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Jthulemeyer

331 E Washington Ave, Escondido, CA 92025

Units

Building Sq. Ft.

Land Sq. Ft.

Price

Property Highlights

Located just a 2-minute walk from Downtown Escondido, this 10-unit investment property with a non-conforming studio ADU offers recently renovated units and an attractive 5.56% current CAP rate with 6.93% pro forma potential. Offered at $325,000 per unit based on 11 total units, the property benefits from a 90 Walk Score, strong surrounding household incomes averaging $103,000, and a 65% renter-occupied housing market. With homeownership costs exceeding apartment rents by more than double, the property presents an opportunity to capitalize on sustained rental demand in a desirable San Diego County location.

Property Location

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Listing Agent

Pat Swanson

Managing Director
Lic. 01382974