$1,850,000
$1,850,000
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841 45 4th Ave Escondido, CA 92025
0.35 Acres Lot
Key Details
Sold Price $1,850,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRNDP2401724
Sold Date 07/11/24
Originating Board California Regional MLS
Year Built 1977
Lot Size 0.349 Acres
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%!
Location
State CA
County San Diego
Area 92025 - Escondido
Interior
Laundry Community Facility
Exterior
Garage Spaces 9.0
Pool Community Facility
Building
Story Split Level
Others
Tax ID 2303210400
Special Listing Condition Not Applicable
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Bought with Carrie Behic