228 E 15th Ave Escondido, CA 92025
Central Escondido NeighborhoodEstimated payment $5,515/month
Highlights
- Park or Greenbelt View
- 1-Story Property
- Partially Fenced Property
- San Pasqual High School Rated A-
- Floor Furnace
About This Home
Investor and developer opportunity! Situated on a spacious 9,000 SF R-2 lot, this income-producing property features a 3-bedroom home plus a detached guest unit generating a combined $5,800/month in rental income. The oversized lot offers excellent potential for expansion, including the possibility of adding an ADU, increasing rental income, or exploring additional development opportunities (buyer to verify with local planning and zoning authorities). Whether you're seeking strong cash flow, value-add upside, or long-term development potential, this versatile property presents a rare opportunity in a desirable location. Highlights: 3-bedroom main residence + guest unit 9,000 SF R-2 zoned lot $5,800/month current gross rental income Potential to add an ADU Expansion and redevelopment possibilities Ideal for investors, owner-users, or developers
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1955
Lot Details
- Partially Fenced Property
- Sprinkler System
Home Design
- Composition Roof
- Stucco
Interior Spaces
- 4 Bedrooms
- 1-Story Property
- Park or Greenbelt Views
Utilities
- Floor Furnace
- Heating System Uses Natural Gas
- Cable TV Available
Community Details
Overview
- Association fees include other/remarks
- 2 Buildings
- 2 Units
- N/K Community
- South Escondido Subdivision
Building Details
- Operating Expense $4,800
Map
Home Values in the Area
Average Home Value in this Area
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 | $8,017 | $700,000 | $600,000 | $100,000 |
| 2024 | $6,055 | $535,380 | $404,100 | $131,280 |
| 2023 | $5,916 | $524,883 | $396,177 | $128,706 |
| 2022 | $5,852 | $514,592 | $388,409 | $126,183 |
| 2021 | $5,244 | $460,000 | $345,000 | $115,000 |
| 2020 | $4,805 | $420,000 | $315,000 | $105,000 |
| 2019 | $4,552 | $400,000 | $300,000 | $100,000 |
| 2018 | $4,514 | $400,000 | $300,000 | $100,000 |
| 2017 | $42 | $350,000 | $263,000 | $87,000 |
| 2016 | $3,729 | $330,000 | $248,000 | $82,000 |
| 2015 | $2,832 | $250,000 | $188,000 | $62,000 |
| 2014 | $2,543 | $230,000 | $173,000 | $57,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 06/16/2026 06/16/26 | For Sale | $899,000 | +12.5% | -- | |
| 08/08/2025 08/08/25 | Sold | $799,000 | 0.0% | $567 / Sq Ft | View Prior Sale |
| 07/09/2025 07/09/25 | Pending | -- | -- | -- | |
| 06/29/2025 06/29/25 | For Sale | $799,000 | 0.0% | $567 / Sq Ft | |
| 06/25/2025 06/25/25 | Rented | $3,400 | 0.0% | -- | |
| 06/20/2025 06/20/25 | For Rent | $3,400 | 0.0% | -- | |
| 11/05/2024 11/05/24 | Sold | $700,000 | -6.7% | $694 / Sq Ft | View Prior Sale |
| 09/04/2024 09/04/24 | Pending | -- | -- | -- | |
| 07/18/2024 07/18/24 | For Sale | $750,000 | -- | $744 / Sq Ft |
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $700,000 | Lawyers Title | |
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | $47,500 | Ticor Title Company Of Ca | |
| Grant Deed | $368,000 | Multiple | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | First American Title | |
| Deed | $82,500 | -- |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $525,000 | New Conventional | |
| Previous Owner | $315,000 | New Conventional | |
| Previous Owner | $95,000 | Credit Line Revolving | |
| Previous Owner | $294,200 | New Conventional | |
| Previous Owner | $107,000 | Unknown | |
| Previous Owner | $105,600 | Balloon | |
| Previous Owner | $94,000 | Unknown | |
| Previous Owner | $95,000 | No Value Available | |
| Closed | $73,500 | No Value Available |
Source: San Diego MLS
MLS Number: 260014598
APN: 233-593-10
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