$3,700,000
SOLD MAR 11, 2025
2 Beds
1 Bath
7,920 Sq Ft
-- Built

Recently Sold

$467 Per Sq Ft

4% Below List Price

193 Days on Market

About This Home

As of March 2025

Pleased to present 331 E Washington Avenue, a 10-unit multifamily asset centrally located in Escondido, California, near Escondido’s historic downtown district and Escondido Transit Center. The two-story asset is comprised entirely of two-bedroom/one-bathroom floorplans averaging 792 square feet of living area. The property also has one (1) non-conforming studio unit and onsite laundry facilities. The property features twenty (20) off-street parking spaces and select units feature balconies. The property recently underwent an extensive rehab program. The units have been upgraded with vinyl plank floors, laminate countertops, stainless steel kitchen sinks, kitchen cabinets, ceiling fans, vanities and tubs, doors and hardware, and cordless blinds. The property exteriors have also been significantly enhanced with new stucco repairs, upgraded roof, paint, gates, and windows. The Grand Avenue corridor, historic downtown district, and Escondido Transit Center are all within 1-mile. With proximity to the Escondido Transit Center, the downtown district and Grand Avenue corridor are centered around Smart Growth initiatives by SANDAG and the City of Escondido, intended to enhance the area by encouraging transit-oriented land uses and future developments.

Last Agent to Sell the Property

Austin Huffman

Marcus & Millichap License #01981817 Listed on: 06/28/2024

Last Buyer's Agent

Kal Ibrahim

Socal Coastal Properties License #01723096

Property Details

Home Type

  • Multi-Family

Home Design

Interior Spaces

  • 2 Bedrooms
  • 7,920 Sq Ft Home
  • 2-Story Property

Additional Homes

  • Number of ADU Units: 10

Community Details

  • 10 Units
  • Operating Expense $100,729

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Property Sub Type: Com-Res Income
  • CapRate: 6.56
  • Co List Office Mls Id: 62951
  • Living Area: 7920.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-07-01T09:17:47Z
  • FullAddress: 331 E Washington Avenue
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 2

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 10
  • Annual Operating Expense: 100729.0
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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 List to Sale Price per Sq Ft
03/11/2025 03/11/25 Sold $3,700,000 0.0% $467 / Sq Ft
01/08/2025 01/08/25 Pending -- -- --
12/16/2024 12/16/24 Off Market $3,700,000 -- --
06/28/2024 06/28/24 For Sale $3,850,000 -- $486 / Sq Ft
Source: San Diego MLS

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 $14,372 $2,448,000 $1,632,000 $816,000
2024 $14,372 $1,255,558 $521,538 $734,020
2023 $14,044 $1,661,118 $1,030,084 $631,034
2022 $13,894 $1,206,804 $501,287 $705,517
2021 $13,669 $1,183,142 $491,458 $691,684
2020 $13,590 $1,171,011 $486,419 $684,592
2019 $13,261 $1,148,051 $476,882 $671,169
2018 $12,893 $1,125,541 $467,532 $658,009
2017 $12,684 $1,103,472 $458,365 $645,107
2016 $12,438 $1,081,836 $449,378 $632,458
2015 $12,335 $1,065,586 $442,628 $622,958
2014 $11,824 $1,044,714 $433,958 $610,756
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240014964

San Diego MLS

APN: 229-310-75-00