1935 E El Norte, Escondido, CA 92027
  • MLS#: IV25235623 ( Single Family Residence )
  • Street Address: 1935 E El Norte
  • Viewed: 3
  • Price: $3,550,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1940
  • Bldg sqft: 0
  • Days On Market: 28
  • Additional Information
  • County: SAN DIEGO
  • City: Escondido
  • Zipcode: 92027
  • Subdivision: North Escondido
  • Provided by: DAUM COMMERCIAL RE SERVICES
  • Contact: LEE LEE
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    This offering consists of five contiguous parcels located at the signalized southwest corner of E. El Norte Parkway and N. Midway Drive in Escondido, California. Together, the parcels total approximately 2.3 acres and include: Three single family homes A 6,335 sq. ft. market/liquor store A 0.36 acre parcel of vacant land The properties are situated within the Commercial Neighborhood (CN) zoning district. The existing residential units are classified by the City as legal, non conforming uses, meaning new residential construction would require a zone change. The four rented units currently generate approximately $14,700 per month in gross income, providing strong interim cash flow. This site occupies a unique position as a standalone commercial enclave surrounded by residential neighborhoods, giving it a near monopoly advantage for local retail and service businesses within the immediate trade area. Additionally, the vacant parcel offers future development potential, and the scarcity of commercial zoning in this area positions the property for strong long term appreciation
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Features
Additional Parcels Description
  1. 2250703200
  2. 2250703300
  3. 22507035002250703400
Association Fee
  1. 0.00
Building Area Total
  1. 11000.00
Commoninterest
  1. None
Common Walls
  1. 1 Common Wall
Country
  1. US
Electric Expense
  1. 1000.00
Entry Location
  1. front
Fuel Expense
  1. 1000.00
Garage Spaces
  1. 4.00
Insurance Expense
  1. 1000.00
Laundry Features
  1. Gas & Electric Dryer Hookup
Lot Features
  1. 2-5 Units/Acre
Netoperatingincome
  1. 132300.00
Parcel Number
  1. 2250703100
Pool Features
  1. None
Property Type
  1. Single Family Residence
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 448804932:CRM
Subdivision Name Other
  1. North Escondido
Totalexpenses
  1. 44100.00
Trash Expense
  1. 1000.00
Water Sewer Expense
  1. 1000.00
Water Source
  1. Public
Year Built
  1. 1940
Year Built Source
  1. Estimated