331 E Washington Ave Escondido, CA 92025
Central Escondido NeighborhoodEstimated payment $22,515/month
About This Home
This 1988 constructed complex is down the street from Downtown Escondido, and consists of (10) 2 Bedroom Units, plus a non-conforming studio. All units have been recently renovated, providing a low-maintenance investment with immediate cash flow. The property offers a 5.56% current cap rate with upside. Situated in a highly walkable location with a 90 Walk Score, the property is just 0.4 to 0.6 miles from Downtown Escondido's restaurants, retail, and entertainment. The surrounding area boasts an average household income of approximately $103,000, while homeownership costs are approximately double the average apartment rent. Additionally, the property is not subject to local rent control, providing greater operational flexibility for future ownership.
Listing Agent
Pat Swanson Brokerage Phone: 213-864-2862 License #01382974 Listed on: 07/24/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1988
Lot Details
- 14,747 Sq Ft Lot
- 1 Common Wall
- Density is 6-10 Units/Acre
Home Design
- Apartment
Interior Spaces
- 8,700 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 20 Bedrooms
- 11 Full Bathrooms
Parking
- 10 Open Parking Spaces
- 22 Parking Spaces
- 12 Carport Spaces
Location
- Urban Location
- Suburban Location
Additional Features
- Exterior Lighting
- Private Sewer
Community Details
Overview
- 11 Units
- East Escondido Subdivision
Amenities
- Laundry Facilities
Building Details
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $13,050
- Trash Expense $4,824
- Water Sewer Expense $16,854
- Operating Expense $79,474
- Gross Income $295,764
- Net Operating Income $198,655
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 |
|---|---|---|---|---|
| 2026 | $27,983 | $3,774,000 | $2,550,000 | $1,224,000 |
| 2025 | $27,983 | $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 |
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 |
|---|---|---|---|---|---|
| 09/16/2026 09/16/26 | Price Changed | $3,575,000 | -1.9% | $411 / Sq Ft | |
| 09/02/2026 09/02/26 | Price Changed | $3,645,000 | -0.1% | $419 / Sq Ft | |
| 08/13/2026 08/13/26 | Price Changed | $3,649,000 | -1.4% | $419 / Sq Ft | |
| 07/24/2026 07/24/26 | For Sale | $3,699,000 | 0.0% | $425 / Sq Ft | |
| 03/11/2025 03/11/25 | Sold | $3,700,000 | 0.0% | $467 / Sq Ft | View Prior Sale |
| 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 |
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 | $3,700,000 | Chicago Title | |
| Grant Deed | $2,400,000 | Fidelity National Title Compan | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $975,000 | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | California Title Company | |
| Deed | $600,000 | -- | |
| Deed | $105,000 | -- |
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 |
|---|---|---|---|
| Open | $2,220,000 | New Conventional | |
| Previous Owner | $2,235,000 | New Conventional | |
| Previous Owner | $685,000 | Negative Amortization |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26160522
APN: 229-310-75-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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