$1,288,000
SOLD JAN 24, 2025

251 N Cedar St Escondido, CA 92025

Central Escondido Neighborhood
8 Beds
4 Baths
3,200 Sq Ft
1963 Built

Recently Sold

$402 Per Sq Ft

8% Below List Price

8 Days on Market

About This Home

As of January 2025

Turn-Key 4-Unit Investment Property in East Escondido – Immediate Cash Flow! Discover an incredible investment opportunity with this fully tenant-occupied 4-unit property in desirable East Escondido. Generating nearly $8,000 in monthly rental income, this property offers long-term tenants and a prime location, making it a rare find for savvy investors. This well-maintained building consists of three 2-bedroom, 1-bathroom units located downstairs, and one 2-bedroom, 1-bathroom unit upstairs. The upstairs unit features a private patio, while all tenants enjoy the common fenced yard. The property’s low-maintenance nature ensures a hassle-free investment, offering steady returns for years to come. Situated on a quiet residential street with a Walk Score of 71, the property is ideally located near stores, restaurants, and public transportation, making it a highly desirable place for tenants to call home. This turn-key asset is perfect for investors looking to add a high-performing property to their portfolio. With tenant stability, strong rental income, and a prime location, this investment offers both immediate cash flow and long-term growth potential. Turn-Key 4-Unit Investment Property in East Escondido – Immediate Cash Flow! Discover an incredible investment opportunity with this fully tenant-occupied 4-unit property in desirable East Escondido. Generating nearly $8,000 in monthly rental income, this property offers long-term tenants and a prime location, making it a rare find for savvy investors. This well-maintained building consists of three 2-bedroom, 1-bathroom units located downstairs, and one 2-bedroom, 1-bathroom unit upstairs. The upstairs unit features a private patio, while all tenants enjoy the common fenced yard. The property’s low-maintenance nature ensures a hassle-free investment, offering steady returns for years to come. Situated on a quiet residential street with a Walk Score of 71, the property is ideally located near stores, restaurants, and public transportation, making it a highly desirable place for tenants to call home. This turn-key asset is perfect for investors looking to add a high-performing property to their portfolio. With tenant stability, strong rental income, and a prime location, this investment offers both immediate cash flow and long-term growth potential.

Last Agent to Sell the Property

Bob Davie

SD Residential Property Mgmt License #01859951 Listed on: 12/07/2024

Co-Listed By

Katie Acampora

SD Residential Property Mgmt License #01870747

Last Buyer's Agent

Farid Khayamian

Bluxen, Inc License #01835318

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 2-Story Property
  • Property is Fully Fenced

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 230-172-08-00

Community Details

Overview

  • 4 Units
  • Escondido Community

Additional Features

  • Laundry Facilities
  • Net Operating Income $78,170

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: North County
  • Cross Street: E Pennsylvania Ave
  • Neighborhood: Escondido
  • Supplement: Turn-Key 4-Unit Investment Property in East Escondido – Immediate Cash Flow! Discover an incredible investment opportunity with this fully tenant-occupied 4-unit property in desirable East Escondido. Generating nearly $8,000 in monthly rental income, this property offers long-term tenants and a prime location, making it a rare find for savvy investors. This well-maintained building consists of three 2-bedroom, 1-bathroom units located downstairs, and one 2-bedroom, 1-bathroom unit upstairs. The upstairs unit features a private patio, while all tenants enjoy the common fenced yard. The property’s low-maintenance nature ensures a hassle-free investment, offering steady returns for years to come. Situated on a quiet residential street with a Walk Score of 71, the property is ideally located near stores, restaurants, and public transportation, making it a highly desirable place for tenants to call home. This turn-key asset is perfect for investors looking to add a high-performing property to their portfolio. With tenant stability, strong rental income, and a prime location, this investment offers both immediate cash flow and long-term growth potential.
  • Stories: 2 Story
  • Sale Price List Price: 0.92
  • Total Stories: 2
  • Year Built: 1963
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: Escondido
  • Community: EAST ESCONDIDO
  • Complex Features: Laundry Facilities
  • Manager Name: SD Residential Prop Mgmt
  • Manager Phone: 858-485-6565

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 230-172-08-00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 78170
  • Annual Expense Actual: 15114
  • Gross Rent Multiplier Actual: 14.74
  • Gross Sched Income Actual: 94740
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 3
  • Number Of Units With Garage: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

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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 Change Sq Ft Price
01/24/2025 01/24/25 Sold $1,288,000 -7.8% $403 / Sq Ft
12/16/2024 12/16/24 Pending -- -- --
12/07/2024 12/07/24 For Sale $1,396,500 +174.4% $436 / Sq Ft
01/30/2013 01/30/13 Sold $509,000 -8.6% $141 / Sq Ft
12/31/2012 12/31/12 Pending -- -- --
11/16/2012 11/16/12 For Sale $556,900 -- $154 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Bob Davie

    Seller's Agent in 2025

    Bob Davie

    SD Residential Property Mgmt

    (858) 229-9051

    3 in this area

    17 Total Sales

    Bob Davie
    Section Image

  • K

    Seller Co-Listing Agent in 2025

    Katie Acampora

    SD Residential Property Mgmt

    3 in this area

    6 Total Sales

    Katie Acampora
    Section Image

  • F

    Buyer's Agent in 2025

    Farid Khayamian

    Bluxen, Inc

    Section Image
  • Carol Morgan

    Seller's Agent in 2013

    Carol Morgan

    ERA Ranch & Sea Realty

    (760) 745-3366

    Carol Morgan
    Section Image

  • S

    Seller Co-Listing Agent in 2013

    Sandra Vienna

    Hanson Realty

  • J

    Buyer's Agent in 2013

    John McAllister

    McAllister Properties Inc.

    (858) 481-2515

    2 Total Sales

    John McAllister
    Section Image
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Map

Source: San Diego MLS

MLS Number: 240028102

San Diego MLS

APN: 230-172-08-00

California San Diego County Escondido 92025 Central Escondido

251 N Cedar St, Escondido, CA

This home is located at 251 N Cedar St, Escondido, CA 92025 and is currently priced at $1,288,000, approximately $402 per square foot. This property was built in 1963. 251 N Cedar St is a home located in San Diego County with nearby schools including Central Elementary School, Del Dios Academy of Arts & Sciences, and Orange Glen High School.

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