204 2nd Avenue, Escondido, CA 92025
  • MLS#: 250019134SD ( Commercial/Residential )
  • Street Address: 204 2nd Avenue
  • Viewed: 2
  • Price: $6,300,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 22
  • Additional Information
  • County: SAN DIEGO
  • City: Escondido
  • Zipcode: 92025
  • Provided by: Acre Investment Real Estate
  • Contact: Craig Craig
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are proud to introduce the Trenton Arms. This 29 unit multi family property, built in 1925 and renovated in 2021, is located in the Escondido Downtown Specific Plan area, offering a unique blend of historic charm and modern comforts. The property features 17 one bedroom/one bath units, 1 two bedroom/one bath unit, and 11 studios. The building features a new roof, plumbing, and electrical systems, ensuring functionality and appeal. Units within the property are submetered for electricity. RUBs (Ratio Utility Billing System) have been implemented for electricity, gas, water, and sewer, promoting efficient utility management. With a strong 100% occupancy rate, this property not only stands as a testament to its desirability but also presents a value add investment opportunity through potential rent increases. It's an ideal choice for investors looking for a property that combines historical significance with contemporary living standards.
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Features
Carport Spaces
  1. 0.00
Construction Materials
  1. Frame
  2. Plaster
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Heating
  1. Wall Furnace
Netoperatingincome
  1. 197923.00
Otherincome1
  1. 42228.00
Parcel Number
  1. 2330822300
Phase
  1. 29
Property Type
  1. Commercial/Residential
Totalmonthlyrent
  1. 32208
Zoning
  1. Commercial