740-750 S Escondido Blvd, Escondido, CA 92025

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Glen Henderson

[email protected] +1(619) 889-7646

$1,650,000

Est. payment - /mo

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UPDATED:

12/18/2024 05:14 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID 240028584

Property Description

Built in 1953, this distinctive 4,868 sq. ft. mixed-use property in Escondido offers a compelling blend of residential and retail spaces on a spacious 14,206 sq. ft. parcel. The property consists of three structures, featuring five apartment units and two retail units, set within a tranquil, single-story garden community. It includes two two-car garages, a one-car garage, and plenty of off-street parking for added convenience. The property currently generates additional income through a RUBS (Ratio Utility Billing System), and a new owner can further capitalize on immediate revenue opportunities from laundry and garage rentals. A strategic opportunity lies in transforming the existing garages into a spacious two-bedroom unit while repurposing the two retail spaces into two additional two-bedroom units. This innovative approach would elevate the property's potential, expanding it into an 8-unit community featuring 4 two-bedroom and 4 one-bedroom residences. By maximizing the space and increasing the number of units, this plan enhances the property's value and appeal to a diverse tenant base.

Location

State CA

County San Diego

Area Escondido (92025)

Exterior

Parking Features Garages

Building

Story 1

Others

Space Rent $141,756

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Listed by Bill Anderson • Acre Investment Real Estate

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

740-750 S Escondido Blvd Escondido, CA 92025

Glen Henderson

Key Details

Location

Exterior

Building

Others

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