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Key Details
Sold Price $1,050,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 600 sqft
Price per Sqft $1,750
Subdivision South Escondido
MLS Listing ID 240010376
Sold Date 06/17/24
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1948
Property Description
The property is a 3 unit triplex in a quiet South Escondido neighborhood. There are two1 bedroom 1 bath units and a 3 bedroom 1 bath unit. Each unit has a 1 car garage. The property has a cash on cash cap rate of 4.4% and a projected cap rate of 5.8%. It is approximately 5 minutes from I-15 and a few additional minutes to freeway 78. It is close to downtown Escondido, North County Mall, and the San Marcos Costco, Walmart, and Home Depot. The units are occupied by long term tenants who pay all utilities except water. The property can only be viewed with an accepted offer which must also include a pre approval loan letter and proof of funds. The Seller will not make any repairs or alterations. Seller to select all services.
Location
State CA
County San Diego
Community South Escondido
Area Escondido (92025)
Building/Complex Name NK
Interior
Heating Natural Gas
Exterior
Exterior Feature Stucco
Fence Partial
Roof Type Tile/Clay
Building
Story 1
Lot Size Range 4000-7499 SF
Sewer Sewer Connected
Level or Stories 1 Story
Others
HOA Name None
Acceptable Financing Cash, Conventional
Space Rent $1,320
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Farid Khayamian • Bluxen, Inc.
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