NOT LISTED FOR SALE
3 Beds
2 Baths
9,483 Sq Ft
0.86 Acres

Last Sold October 26, 2020

Last sale price $2,725,000 $287 Per Sq Ft

26 Days on Market

Highlights

  • 0.86 Acre Lot
  • Laundry Room
  • Landscaped

About This Home

As of October 2020

We are pleased to present the beautiful single story Juniper Village apartments. Sitting on 3 parcels of land with a half acre dedicated to the tenants community area and being majority two bedroom units, this property offers tenants a home like feel. The property boasts an abundance amount of cashflow with RUBS implemented and strong rents. Located minutes from the historic downtown Escondido and the I-15/78 Corridor gives tenants easy access to entertainment and employment. An investor can enjoy owning a extremely well maintained property that still offers a significant amount of upside, but can purchased at over a 5 CAP rate.

Last Agent to Sell the Property

Gary Tolfa

Triqor Group License #00955403 Listed on: 06/03/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.86 Acre Lot
  • Two or More Common Walls
  • Landscaped

Parking

  • 5 Car Garage
  • 5 Carport Spaces

Home Design

  • 9,483 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 19 / 188
  • Tax Tract Number 725
  • Assessor Parcel Number 2336003400

Community Details

Building Details

  • Rent Control
  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • Insurance Expense $3,319
  • New Taxes Expense $32,894
  • Operating Expense $67,083
  • Gross Income $218,664
  • Net Operating Income $145,021

Additional Features

  • 10 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

5

Listing Details

  • CapRate: 5.10
  • Property Attached: Yes
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 2336003400
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 287.36

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Garage Spaces: 5.00
  • Total Parking Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 37338.00
  • Lot Size Acres: 0.8572

Multi Family

  • Gross Income: 218664.00
  • Gross Multiplier: 13.03
  • Gross Operating Income: 212104.00
  • Gross Scheduled Income: 218664.00
  • Insurance Expense: 3319.00
  • Lot Size Area: 37338.0000 Square Feet
  • Net Operating Income: 145021.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Units Total: 10
  • Operating Expense: 67083.00
  • Rent Control: Yes
  • Total Expenses: 67083.00
  • Vacancy Allowance: 6560

Tax Info

  • New Taxes Expense: 32894.00
  • Tax Block: 188
  • Tax Census Tract: 206.02
  • Tax Lot: 19
  • Tax Tract Number: 725

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2020 10/26/20 Sold $2,725,000 -4.4% $287 / Sq Ft
06/03/2020 06/03/20 For Sale $2,850,000 -- $301 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20106662

California Regional Multiple Listing Service (CRMLS)

APN: 233-600-34-00