Seller's Agent in 2025
Erik Anderson
Newmark of Southern California
(858) 395-6935
1 in this area
35 Total Sales
1316 E Grand Ave Escondido, CA 92027
Midway Neighborhood
3
Beds
3
Baths
19,363
Sq Ft
0.51
Acre Lot
About This Home
As of April 2025Grandview Escondido presents a prime opportunity to acquire a newly constructed (2023), fully leased 15-unit multifamily asset in the heart of Escondido. Strategically located within the I-15 and Highway 78 corridor, the property benefits from immediate access to retail, dining, and essential services. Escondido is a rapidly growing submarket within North San Diego County, boasting a strong employment base, top-tier education institutions, and a diverse population. The city offers a competitive rental market with favorable occupancy trends, making Grandview an ideal investment for long-term appreciation and income growth. 1-YEAR "MASTER-LEASE" WITH SELLER Upon transfer of the property, seller will enter into a no-cost one-year management agreement and guarantee rents of $48,000/ monthly to the benefit of the buyer. To be further defined, contact broker for additional information.
Last Agent to Sell the Property
Newmark of Southern California License #01991182 Listed on: 02/03/2025
Last Buyer's Agent
Newmark of Southern California License #01991182 Listed on: 02/03/2025
Property Details
Home Type
- Multi-Family
Lot Details
- 0.51
Parking
- 22 Parking Spaces
Home Design
Interior Spaces
- 3 Bedrooms
- 19,363 Sq Ft Home
- 3-Story Property
Additional Homes
- Number of ADU Units: 1
Listing and Financial Details
- Total Actual Rent $48,000
Community Details
Overview
- 15 Units
Building Details
- 15 Leased Units
- Operating Expense $144,000
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 3, 2025
Closed on
Apr 22, 2025
Sold by
Bought by
Seller's Agent
Erik Anderson
Newmark of Southern California
Buyer's Agent
Erik Anderson
Newmark of Southern California
List Price
$8,300,000
Sold Price
$7,225,000
Premium/Discount to List
-$1,075,000
-12.95%
Purchase Details
Closed on
Oct 1, 2019
Sold by
Bought by
Purchase Details
Closed on
Mar 11, 2019
Sold by
Bought by
Purchase Details
Closed on
Nov 18, 2011
Sold by
Bought by
Purchase Details
Closed on
Jun 4, 2002
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/28/2025 04/28/25 | Sold | $7,225,000 | +288900.0% | $373 / Sq Ft |
| 04/07/2025 04/07/25 | Pending | -- | -- | -- |
| 03/05/2025 03/05/25 | Off Market | $2,500 | -- | -- |
| 02/11/2025 02/11/25 | Price Changed | $2,500 | 0.0% | $3 / Sq Ft |
| 02/11/2025 02/11/25 | For Rent | $2,500 | 0.0% | -- |
| 02/05/2025 02/05/25 | For Sale | $8,300,000 | 0.0% | $429 / Sq Ft |
| 02/04/2025 02/04/25 | Off Market | $2,400 | -- | -- |
| 01/23/2025 01/23/25 | Price Changed | $2,400 | -11.1% | $3 / Sq Ft |
| 08/12/2024 08/12/24 | Price Changed | $2,700 | +0.2% | $4 / Sq Ft |
| 05/09/2024 05/09/24 | Price Changed | $2,695 | +3.7% | $4 / Sq Ft |
| 03/17/2024 03/17/24 | Price Changed | $2,600 | -3.5% | $3 / Sq Ft |
| 01/09/2024 01/09/24 | For Rent | $2,695 | -- | -- |
Source: San Diego MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $53,791 | $4,808,063 | $582,775 | $4,225,288 |
| 2024 | $53,791 | $4,713,789 | $571,349 | $4,142,440 |
| 2023 | $28,317 | $2,486,068 | $364,068 | $2,122,000 |
| 2022 | $16,775 | $1,456,930 | $356,930 | $1,100,000 |
| 2021 | $4,052 | $349,932 | $349,932 | $0 |
| 2020 | $4,028 | $346,344 | $346,344 | $0 |
| 2019 | $2,377 | $204,418 | $204,418 | $0 |
| 2018 | $2,312 | $200,410 | $200,410 | $0 |
| 2017 | $2,275 | $196,481 | $196,481 | $0 |
| 2016 | $2,232 | $192,629 | $192,629 | $0 |
| 2015 | $2,213 | $189,736 | $189,736 | $0 |
| 2014 | $2,122 | $186,020 | $186,020 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Erik Anderson
Map
Source: San Diego MLS
MLS Number: 250018218
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