NOT LISTED FOR SALE
4 Beds
2 Baths
4,320 Sq Ft
0.29 Acre Lot

Sale Details

Date Sold: February 28, 2020

Last sale price $1,450,000 $336 Per Sq Ft

48 Days on Market

About This Home

As of February 2020

Available for sale is Multi-Family Investment Opportunity located in San Diego, California. The Washington Ave Apartments is a six-unit garden style apartment complex located in North County San Diego at 318 E Washington Ave Escondido, CA 92025. Built 1975 the project sits on 0.29 acres. The building square footage is approximately 4,320 Sq Ft and the lot square footage is approximately 12,632 Sq Ft. It consists of six two bedroom/one-bathroom units. The roof is pitched and built with composition shingle. Five of the six units have upgraded interiors with new flooring and counter tops. The property also features covered parking spaces, yard, and onsite laundry.

Last Agent to Sell the Property

Jason Kirklen

Kirklen Investment Group License #01939655 Listed on: 11/25/2019

Co-Listed By

Brent Zoller

Vantis Capital Advisors License #01984978

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 12,449 Sq Ft Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 4,320 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces

Additional Features

  • Suburban Location
  • Baseboard Heating

Listing and Financial Details

  • Legal Lot and Block 16 / 149
  • Tax Tract Number 349
  • Assessor Parcel Number 2292201000

Community Details

Overview

  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,072
  • Professional Management Expense $3,000
  • Water Sewer Expense $8,532
  • New Taxes Expense $17,679
  • Operating Expense $41,841
  • Gross Income $21,056
  • Net Operating Income $75,583

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0.29 Acres

Listing Details

  • Professional Management Expense: 3000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 8532.00
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 2292201000
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 335.65

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Baseboard, Electric
  • Laundry Features: Common Area
  • 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: 16-20 Units/Acre
  • Lot Size Sq Ft: 12449.00
  • Lot Size Acres: 0.2858

Multi Family

  • Gross Income: 21056.00
  • Gross Scheduled Income: 121056.00
  • Insurance Expense: 2072.00
  • Lot Size Area: 12449.0000 Square Feet
  • Net Operating Income: 75583.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 41841.00
  • Rent Control: No
  • Total Expenses: 41841.00

Tax Info

  • New Taxes Expense: 17679.00
  • Tax Block: 149
  • Tax Census Tract: 202.14
  • Tax Lot: 16
  • Tax Tract Number: 349

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

Closed on
Mar 24, 2025
Sold by
Bought by

Purchase Details

Listed on
Nov 25, 2019
Closed on
Feb 18, 2020
Sold by
Bought by
Seller's Agent
Jason Kirklen
Kirklen Investment Group
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$1,550,000
Sold Price
$1,450,000
Premium/Discount to List
-$100,000
-6.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$977,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 12, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 4, 2017
Sold by
Bought by

Purchase Details

Closed on
Aug 23, 2017
Sold by
Bought by

Purchase Details

Closed on
Feb 23, 2017
Sold by
Bought by

Purchase Details

Closed on
Sep 11, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
6.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 9, 2003
Sold by
Bought by

Purchase Details

Closed on
Aug 25, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 19, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 19, 2002
Sold by
Bought by

Purchase Details

Closed on
Nov 7, 2000
Sold by
Bought by

Purchase Details

Closed on
May 3, 1999
Sold by
Bought by

Purchase Details

Closed on
Feb 26, 1998
Sold by
Bought by

Purchase Details

Closed on
Oct 23, 1995
Sold by
Bought by

Purchase Details

Closed on
Mar 28, 1995
Sold by
Bought by

Purchase Details

Closed on
Aug 19, 1992

Purchase Details

Closed on
Jul 13, 1990
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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 Buyer Sale Price Title Company
$1,830,000 Fidelity National Title
$1,450,000 First American Title Company
-- Provident Title Company
$1,630,000 None Available
$1,630,000 None Available
$1,630,000 Chicago Title Company Sd
$715,000 Chicago Title Co
-- --
-- Multiple
-- Multiple
-- Multiple
-- Multiple
-- --
-- --
-- --
-- --
-- Chicago Title
$5,000 Fidelity National Title
$288,000 Southland Title Corporation
$324,200 --
$360,000 --
Source: Public Records

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 Borrower Loan Amount
Previous Owner $977,000
Previous Owner $700,000
Previous Owner $285,000
Previous Owner $295,000
Previous Owner $102,000
Previous Owner $175,000
Source: Public Records

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
02/28/2020 02/28/20 Sold $1,450,000 -6.5% $336 / Sq Ft
11/25/2019 11/25/19 For Sale $1,550,000 -- $359 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2026 $18,133 $1,866,600 $1,020,000 $846,600
2025 $18,133 $1,585,784 $1,093,645 $492,139
2024 $17,763 $1,554,691 $1,072,201 $482,490
2023 $17,361 $1,524,208 $1,051,178 $473,030
2022 $17,177 $1,494,322 $1,030,567 $463,755
2021 $16,899 $1,465,022 $1,010,360 $454,662
2020 $19,641 $1,695,852 $1,040,400 $655,452
2019 $19,166 $1,662,600 $1,020,000 $642,600
2018 $18,635 $1,630,000 $1,000,000 $630,000
2017 $9,489 $825,377 $346,312 $479,065
2016 $9,307 $809,194 $339,522 $469,672
2015 $8,802 $760,000 $264,000 $496,000
2014 $7,365 $650,000 $226,000 $424,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19271381

California Regional Multiple Listing Service (CRMLS)
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