101 15th Avenue, Escondido, CA 92025
  • MLS#: ND25109847 ( Multi Family )
  • Street Address: 101 15th Avenue
  • Viewed: 2
  • Price: $2,900,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 3
  • Additional Information
  • County: SAN DIEGO
  • City: Escondido
  • Zipcode: 92025
  • Provided by: Howard West Coast Realty
  • Contact: Nancy Nancy
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Multi family complex for sale. This complex is on a 42,200 sq. Ft. Lot. 10 living units total. It has 2 single family homes 4 duplexes and 2 additional free standing apartments. 1 outbuilding is on a long term lease as contracted storage and rented by the quarter. Another storage is a large tuff shed currently used for tools and building supplies. The cap rate for 2024 was. 032. Stable tenants; no turnover in last 4 years. All tenants are on month to month contracts. Rents below market potential investor upside. Two front houses are sfr's. One home is 4 br 2 ba 1200 sq. Ft. Other sfr is 3 br 1 ba at 782 sq. Ft. ; 5 units are 900 square feet; 2 units are 720 sq. Ft. ;1 apartment is a 2 story, 3 br 2 ba at 1200 sq. Ft. Two front homes have smaller backyards but extra storage built on site. All apartments have large fenced backyards;. Every home has a minimum of 2 parking spaces. Most homes have installed luxuary vinyl planking flooring for waterproof and long lasting quality. Many have had upgrades inside the units. (see photos).
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Features
Accountingtype
  1. Actual
Advertisingexpense
  1. 0.00
Assetclass
  1. Multi-Family
Building Area Total
  1. 7608.00
Carport Spaces
  1. 0.00
Commoninterest
  1. None
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Current Financing
  1. Conventional
Current Use
  1. Multi-Family
Electric Expense
  1. 0.00
Expense Year
  1. 2024
Fencing
  1. Good Condition
  2. Vinyl
  3. Wood
Heating
  1. Wall Furnace
Land Use
  1. Multi-Family
Laundry Features
  1. Electric Dryer Hookup
  2. Gas & Electric Dryer Hookup
Laundry Income
  1. 0.00
Netoperatingincome
  1. 93925.00
Number Of Buildings
  1. 11
Otherincome1
  1. 0.00
Parcel Number
  1. 2364500400
Parking Ratio
  1. 2.50
Postalcodeplus4
  1. 5810
Professionalmanagementexpense
  1. 15680.00
Property Type
  1. Multi Family
Residentmanagerexpense
  1. 0.00
Security Features
  1. Carbon Monoxide Detector(s)
  2. Smoke Detector(s)
Topography
  1. level
Totalexpenses
  1. 75180.00
Trash Expense
  1. 8103.00
Uncovered Spaces
  1. 25.00
Utilities
  1. Electricity Connected
  2. Sewer Connected
  3. Water Connected
Water Sewer Expense
  1. 14285.00
Water Source
  1. Public
Zoning
  1. R-2: MINOR