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Nicole Hazelton-Meacham

[email protected] +1(619) 206-1892

$995,000

Est. payment - /mo

5 Beds

2 Baths

0.27 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision East Escondido

MLS Listing ID 260024731

Bedrooms 5

Full Baths 2

Year Built 1949

Lot Size 0.272 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

Discover an exceptional investment opportunity in the heart of Escondido! Situated on an approximately 11,859 sq. ft. corner lot, this property features two attached units totaling approximately 1,948 sq. ft. One unit offers 2 bedrooms and 1 bathroom; the other offers 3 bedrooms and 1 bathroom. Both units are occupied by established tenants on month-to-month leases, generating approximately $6,000 in combined monthly rent. According to the property management company, the tenants have generated relatively few maintenance requests over the past eight years. The generous lot and secondary access from the backyard add appeal for investors interested in exploring future development. Buyers may investigate the possibility of adding two ADUs or up to three additional units, subject to zoning, feasibility, permits, and city approval; no additional units are guaranteed. Conveniently located near Downtown Escondido, shopping, dining, parks, schools, and major transportation routes. Whether you're expanding your rental portfolio or seeking a property with long-term upside, this versatile offering combines existing rental income, desirable lot size, and exciting possibilities for the future. Buyer to verify all information, including rents, tenancy, unit details, and development potential.

Location

State CA

County San Diego

Area North County

Zoning R-3:RESTRI

Direction From N Broadway, head east on E Mission Ave. Continue to 561 E Mission Ave, Escondido, CA 92025.

Interior

Heating Wall/Gravity

Fireplace No

Exterior

Fence Partial

Utilities Available Sewer Connected

View Y/N Yes

Water Access Desc Meter on Property

Roof Type Composition

Building

Story 1

Water Meter on Property

Level or Stories 1

Others

Senior Community No

Tax ID 229-230-40-00

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Ryan Khayamian, DRE#02226223 Bluxen, Inc.
Co-listed byFarid Khayamian • Bluxen, Inc.

Nearby School & Business

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Nicole Hazelton-Meacham

+1(619) 206-1892

Broker Associate License ID: 01819363

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561 E Mission Escondido, CA 92025

Nicole Hazelton-Meacham

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information