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Listed by Luda Phipps, DRE #02139266 • Luda Phipps, Broker
$ 699,000
Est. payment | /mo
7,052 Sqft Lot
$ 699,000
Est. payment | /mo
7,052 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPTP2604604
Year Built 1958
Lot Size 7,052 Sqft
Property Sub-Type Duplex
Source California Regional MLS
Property Description
Opportunity to acquire two detached 2-bedroom, 1-bath homes with separate utilities situated on a 7,052 sq. ft. R-3 zoned lot in a centrally located Escondido neighborhood. Conveniently located near schools, shopping, restaurants, and major transportation corridors. Each unit offers private yard space, creating strong tenant appeal and long-term rental potential. Currently generating income with an estimated 6% cap rate, this property presents an excellent value-add opportunity for investors seeking to increase cash flow through renovations and rental repositioning. The large R-3 zoned lot may offer future expansion or redevelopment possibilities (buyer to verify). Whether you are seeking a long-term hold, a value-add renovation project, or a future development , this property offers multiple avenues to maximize returns. Ideal for investors, contractors, buyer's that are ready to roll up their sleeves, implement improvements, and unlock the property's full potential.
Location
State CA
County San Diego
Area 92025 - Escondido
Interior
Heating Wall Furnace
Laundry Other
Exterior
Garage Spaces 5.0
Pool None
Others
Tax ID 2333710200
Special Listing Condition Not Applicable
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