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Key Details
Sold Price $1,130,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,108 sqft
Price per Sqft $1,019
Subdivision Southwest Escondido
MLS Listing ID 230018224
Sold Date 01/16/24
Style Detached
Bedrooms 2
Full Baths 2
HOA Y/N No
Year Built 1940
Lot Size 7,696 Sqft
Acres 0.18
Property Description
This property presents a unique investment potential in the southern part of Escondido. The current house requires significant renovations and can only be viewed with accepted offers. This opportunity becomes even more compelling when combined with the adjacent lot, which is also available for sale. When both properties are acquired together, there is the potential to develop up to 15 units in accordance with the city's zoning regulations in Escondido. Moreover, by focusing on affordable housing, there may be opportunities to secure additional bonus density units for the project. Alternatively, this property can be developed as a mixed-use space, featuring commercial storefronts at the front of the building and residential units on the upper floors. The possibilities are vast for this versatile investment opportunity. The adjacent lot will be added to the mls shortly as well.
Location
State CA
County San Diego
Community Southwest Escondido
Area Escondido (92025)
Rooms
Master Bedroom N/K
Bedroom 2 N/K
Living Room N/K
Dining Room N/K
Kitchen N/K
Interior
Heating Other/Remarks
Exterior
Exterior Feature Stucco, Wood/Stucco
Parking Features None Known
Fence Full, Fair Condition, Wire
Roof Type Asphalt,Shingle
Total Parking Spaces 3
Building
Story 1
Lot Size Range 7500-10889 SF
Sewer Sewer Connected, Unknown
Level or Stories 1 Story
Others
Ownership PUD
Acceptable Financing Cash, Conventional, Seller May Carry, VA, Other/Remarks
Listing Terms Cash, Conventional, Seller May Carry, VA, Other/Remarks
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Bought with Vikram Boregowda • Sterling Nests