Escondido, CA 92025,841 45 4th Ave
Escondido, CA 92025,841 45 4th Ave
Escondido, CA 92025,841 45 4th Ave
Escondido, CA 92025,841 45 4th Ave
Escondido, CA 92025,841 45 4th Ave
Escondido, CA 92025,841 45 4th Ave
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$1,850,000

$1,850,000

Est.Price: ?

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Est. payment /mo

0.35 Acres Lot


SOLD DATE : 07/11/2024

Key Details

Sold Price $1,850,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID NDP2401724

Sold Date 07/11/24

HOA Y/N No

Year Built 1977

Lot Size 0.349 Acres

Property Description

Fantastic 6 unit property in Old Escondido. Professionally maintained by owners with kid gloves since 1979. See maintenance history attached. All units occupied with long term leases. Significant rent growth opportunity - can increase rents the maximum allowed for 3 + years straight. All aspects of property professionally maintained including HVAC units, newer vinyl windows throughout, newer roof under warranty, copper plumbing replaced w/PEX, seamless gutters installed, flooring replaced where appropriate. Four 2 bed-1 bath units in Apartment building includes 2 car garage for each unit! House is a 2/1 nicely upgraded with attached garage plus a studio. Quote to remove the pool for $14,000. Proforma CAP Rate w/o Pool = 6.5%!

Location

State CA

County San Diego

Area 92025 - Escondido

Zoning Multi

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 9.0

Garage Description 9.0

Pool Community

Community Features Urban, Pool

View Y/N No

Total Parking Spaces 9

Private Pool No

Building

Lot Description Sprinkler System

Story 2

Entry Level Multi/Split

Sewer Public Sewer

Level or Stories Multi/Split

Others

Senior Community No

Tax ID 2303210400

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Ed Swauger • Francis Taylor Properties
Bought with Carrie Behic • Hill Realty Group

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