Homes for sale - 740 S Escondido Blvd, Escondido, CA 92025

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LaKeshia Lindsey

lakeshiasellsrealestate@gmail.com +1(619) 746-0849

$1,650,000

Est. payment - /mo

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UPDATED:

12/19/2024 05:52 AM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 240028584SD

HOA Y/N No

Property Description

Built in 1953, this distinctive 4,868 sq. ft. mixed-use property in Escondido offers a compelling blend of residential and retail spaces on a spacious 14,206 sq. ft. parcel. The property consists of three structures, featuring five apartment units and two retail units, set within a tranquil, single-story garden community. It includes two two-car garages, a one-car garage, and plenty of off-street parking for added convenience. The property currently generates additional income through a RUBS (Ratio Utility Billing System), and a new owner can further capitalize on immediate revenue opportunities from laundry and garage rentals. A strategic opportunity lies in transforming the existing garages into a spacious two-bedroom unit while repurposing the two retail spaces into two additional two-bedroom units. This innovative approach would elevate the property's potential, expanding it into an 8-unit community featuring 4 two-bedroom and 4 one-bedroom residences. By maximizing the space and increasing the number of units, this plan enhances the property's value and appeal to a diverse tenant base.

Location

State CA

County San Diego

Area 92025 - Escondido

Interior

Fireplace No

Others

Tax ID 2333621100

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Listed by Bill Anderson • Acre Investment Real Estate

Lakeshia's passion for real estate and her love for California are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in California.

+1(619) 746-0849

lakeshiasellsrealestate@gmail.com

350 W 5th Ave, Escondido, CA, 92025, USA

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740 S Escondido Blvd Escondido, CA 92025