$5,799,000
PENDING $1K PRICE DROP

Estimated payment $32,921/month

Total Views 2,936
3 Beds
3 Baths
12,896 Sq Ft
$450 Price per Sq Ft

About This Home

We are proud to introduce the Trentom Arms. This 29-unit multi-family property, built in 1925 and renovated in 2021, is located in the Escondido Downtown Specific Plan area, offering a unique blend of historic charm and modern comforts. The property features 17 one-bedroom/one-bath units, 1 two-bedroom/one-bath unit, and 11 studios. The building features a new roof, plumbing, and electrical systems, ensuring functionality and appeal. Units within the property are submetered for electricity. RUBs (Ratio Utility Billing System) have been implemented for electricity, gas, water, and sewer, promoting efficient utility management. With a strong 100% occupancy rate, this property not only stands as a testament to its desirability but also presents a value-add investment opportunity through potential rent increases. It's an ideal choice for investors looking for a property that combines historical significance with contemporary living standards.

Listing Agent

Craig Stewart

Acre Investment Real Estate License #01060001 Listed on: 06/06/2025

Co-Listing Agent

Richard Farmer

KRC Real Estate License #01229897

Property Details

Home Type

  • Multi-Family

Lot Details

  • 9,354 Sq Ft Lot

Parking

  • Parking Available

Home Design

  • Frame Construction

Interior Spaces

  • 3 Bedrooms
  • 12,896 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

Overview

  • 29 Units

Building Details

  • 29 Leased Units
  • Operating Expense $228,108

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Unit Levels: 2 Story
  • Property Sub Type: Com-Res Income
  • Community Features: CTV Avail
  • CapRate: 3.41
  • Co List Office Mls Id: 68319
  • Co List Office Mls Id: 69201
  • Living Area: 12896.0
  • Structure Type: Apartment
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-12-22T17:18:31Z
  • FullAddress: 204 E 2nd Avenue E
  • NumofLeasedApartments: 29
  • ShortSale: No
  • Special Features: None

Interior Features

  • Total Bedrooms: 3
  • Flooring: Slab, Wood

Exterior Features

  • Roof: Other/Remarks
  • Construction Type: Frame, Lath/Plaster

Garage/Parking

  • Parking Features: Spaces

Utilities

  • Cooling: Wall/Window
  • Heating: Wall
  • Laundry Features: Leased

Lot Info

  • Zoning: Commercial
  • Lot Size Sq Ft: 9354.0

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 29
  • Annual Operating Expense: 228108.0
  • Total Actual Rent: 32608.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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 $32,978 $2,941,670 $1,990,499 $951,171
2024 $32,978 $2,883,991 $1,951,470 $932,521
2023 $32,226 $2,827,443 $1,913,206 $914,237
2022 $31,880 $2,772,004 $1,875,693 $896,311
2021 $31,365 $2,717,652 $1,838,915 $878,737
2020 $31,182 $2,689,787 $1,820,060 $869,727
2019 $30,486 $2,642,123 $1,784,373 $857,750
2018 $29,583 $2,585,341 $1,749,386 $835,955
2017 $29,101 $2,534,649 $1,715,085 $819,564
2016 $28,538 $2,484,951 $1,681,456 $803,495
2015 $24,366 $2,106,592 $1,400,000 $706,592
2014 $23,822 $2,106,592 $1,400,000 $706,592
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/19/2025 12/19/25 Pending -- -- --
11/11/2025 11/11/25 Off Market $5,799,000 -- --
10/03/2025 10/03/25 Price Changed $5,799,000 0.0% $450 / Sq Ft
06/06/2025 06/06/25 For Sale $5,800,000 -- $450 / Sq Ft
Source: San Diego MLS

Source: San Diego MLS

MLS Number: 250029752

San Diego MLS

APN: 233-082-23-00