$899,000
PENDING $96K PRICE DROP

Estimated payment $4,980/month

Total Views 3,808
-- Bed
-- Bath
4,483 Sq Ft
$201 Price per Sq Ft

Highlights

  • No HOA
  • Ceiling Fan
  • Fenced
  • Balcony
  • Turnkey
  • Carpet

About This Home

Here's a rare opportunity to own a sought-after multi-residential income property in the thriving heart of Downtown Escondido. This two-story multifamily asset features three total units: two 1-bedroom units on the lower level and one 2-bedroom unit upstairs, offering strong rental appeal and steady income history. The property is thoughtfully configured with a practical layout that maximizes privacy and functionality. Its two-story design allows for separation between units, while the fenced on-site parking adds a layer of convenience and security that is highly desirable in a downtown setting. The overall setup supports consistent occupancy, catering to tenants seeking comfortable living in a central location with easy access to everyday essentials. Ideally positioned near shopping centers, restaurants, and local services, the property benefits from its placement in a vibrant and walkable neighborhood. Residents will appreciate and enjoy the convenience of nearby retail and dining options, along with access to public transportation and major commuter routes, making it an attractive choice for a wide range of renters. This property, located in a high-demand rental market, combined with its functional layout and tenant-friendly amenities, presents a compelling opportunity for investors seeking stable cash flow with potential for future upside.

Listing Agent

John Boruff

Palomar Property Services Brokerage Email: john@palomarps2.com License #01857648 Listed on: 05/06/2026

Co-Listing Agent

Cesy Cruz

Palomar Property Services Brokerage Email: john@palomarps2.com License #01789608

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2010

Lot Details

  • Two or More Common Walls
  • Fenced
  • Fence is in good condition
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached
  • Entry on the 1st floor
  • Turnkey
  • Fire Rated Drywall

Interior Spaces

  • 4,483 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Convection Oven
  • Gas Range

Flooring

  • Carpet
  • Laminate

Outdoor Features

  • Balcony
  • Exterior Lighting

Location

  • Urban Location

Utilities

  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Tax Lot 2293010600
  • Tax Tract Number 464
  • Assessor Parcel Number 2293010600
  • $43 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $1,336
  • Water Sewer Expense $2,998
  • Operating Expense $6,398
  • Gross Income $5,030
  • Net Operating Income $53,962

Property Details

Home Type

Multi-Family

Year Built

Built in 2010

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • CapRate: 5.83
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 2998.00
  • Zoning: R-4:MULTIPLE RESIDENTIAL
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 2293010600
  • Year Built: 2010
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished, Ceiling Fan(s)
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 200.54

Exterior Features

  • Exterior Features: Balcony
  • Fence: Yes
  • Fencing: Good Condition
  • Pool Private: No
  • Spa: No
  • Construction Materials: Drywall Walls

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Electricity Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Convection Oven, Water Heater, Refrigerator, Gas Range
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights, Urban

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 0.10

Multi Family

  • Gross Income: 5030.00
  • Gross Scheduled Income: 60360.00
  • Insurance Expense: 1336.00
  • Lot Size Area: 0.1000 Square Feet
  • Net Operating Income: 53962.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Operating Expense: 6398.00
  • Rent Control: Yes
  • Total Actual Rent: 5030.00
  • Total Expenses: 6398.00

Tax Info

  • Tax Lot: 2293010600
  • Tax Tract Number: 000464
  • TaxOtherAnnualAssessmentAmount: 43.42

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $967 $82,659 $55,109 $27,550
2025 $946 $81,039 $54,029 $27,010
2024 $946 $79,451 $52,970 $26,481
2023 $923 $77,894 $51,932 $25,962
2022 $913 $76,367 $50,914 $25,453
2021 $898 $74,870 $49,916 $24,954
2020 $893 $74,104 $49,405 $24,699
2019 $873 $72,652 $48,437 $24,215
2018 $849 $71,229 $47,488 $23,741
2017 $834 $69,833 $46,557 $23,276
2016 $816 $68,465 $45,645 $22,820
2015 $810 $67,438 $44,960 $22,478
2014 $778 $66,118 $44,080 $22,038
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
07/17/2026 07/17/26 Pending -- -- --
07/16/2026 07/16/26 Price Changed $899,000 -2.8% $201 / Sq Ft
06/25/2026 06/25/26 Price Changed $925,000 -2.6% $206 / Sq Ft
05/28/2026 05/28/26 For Sale $950,000 0.0% $212 / Sq Ft
05/28/2026 05/28/26 Off Market $950,000 -- --
05/20/2026 05/20/26 Price Changed $950,000 -4.5% $212 / Sq Ft
05/06/2026 05/06/26 For Sale $995,000 -- $222 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
Quit Claim Deed -- --
Grant Deed $50,000 First American Title Company
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2604351

California Regional Multiple Listing Service (CRMLS)
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