NOT LISTED FOR SALE
3 Beds
3 Baths
5,376 Sq Ft
0.46 Acres

Last Sold December 27, 2024

Last sale price $2,100,000 $391 Per Sq Ft

36 Days on Market

Highlights

  • 20,093 Sq Ft lot
  • Landscaped
  • Partially Fenced Property
  • Wood Flooring
  • 8 Car Garage

About This Home

As of December 2024

7-UNIT prime investment opportunity in the heart of Escondido, a vibrant city known for its rich history, cultural attractions, and scenic surroundings. This 7-unit multi-family property presents an excellent chance for astute investors seeking both stability and growth in their portfolio. Nestled in a desirable neighborhood, this well-maintained multi-family property boasts units that are strategically positioned to optimize privacy while offering residents easy access to local amenities. The property is enhanced by parking for each unit, communal green space, convenient on-site laundry facilities, and limited storage availability. These features contribute to the overall appeal of the property, ensuring tenant satisfaction and retention. The property's strong financial performance and potential for further growth make it a compelling investment option in the Escondido real estate market. Don't miss the chance to add this exceptional 7-unit multi-family property to your investment portfolio. Whether you're a seasoned investor or exploring new opportunities, this property represents a solid foundation for long-term success in the dynamic Escondido real estate market.

Last Agent to Sell the Property

Kyle Stoner

Keller Williams Realty License #01839034 Listed on: 09/22/2024

Keller Williams Realty

Last Buyer's Agent

Kevin Smith

First Team Real Estate License #01934297

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.46 Acre Lot
  • Partially Fenced Property
  • Landscaped
  • Front Yard Sprinklers

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 3 Bedrooms
  • 5,376 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile
  • Vinyl

Parking

  • 8 Car Garage
  • Parking Available

Additional Homes

  • Number of ADU Units: 6

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Total Actual Rent $13,925

Community Details

Overview

  • 2 Buildings
  • 7 Units

Building Details

  • 7 Leased Units
  • Operating Expense $37,664

Property Details

Home Type

Multi-Family

Lot Details

0.46 Acres

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Unit Levels: 2 Story
  • Property Sub Type: Com-Res Income
  • CapRate: 5.4
  • Co List Office Mls Id: 67478
  • Directions: Centre City Parkway to 9th Avenue. 9th Avenue to S Juniper Street. S Juniper Street to E 10th Avenue.
  • Living Area: 5376.0
  • Structure Type: Apartment, Fourplex, Triplex
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-07-01T07:57:37Z
  • FullAddress: 406-416 E 10TH Ave
  • NumofLeasedApartments: 7
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 3
  • Flooring: Hardwood, Tile, Vinyl, Wall to Wall Carpet

Exterior Features

  • Roof: Composition
  • Construction Type: Front Sprinklers, Fully Landscaped, Part Fenced, Wood Deck

Garage/Parking

  • Parking Features: Garages, Spaces
  • Total Parking Spaces: 8.0

Utilities

  • Cooling: Wall/Window
  • Heating: Wall
  • Laundry Features: Owned

Lot Info

  • Lot Size Sq Ft: 20093.0

Multi Family

  • Number Of Buildings: 2
  • Number Of Units Total: 7
  • Annual Operating Expense: 37664.08
  • Total Actual Rent: 13925.0
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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
12/27/2024 12/27/24 Sold $2,100,000 -12.3% $391 / Sq Ft
10/29/2024 10/29/24 Pending -- -- --
09/22/2024 09/22/24 For Sale $2,395,000 -- $445 / 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 $7,644 $1,050,000 $650,000 $400,000
2024 $7,644 $667,332 $348,173 $319,159
2023 $7,471 $654,248 $341,347 $312,901
2022 $7,391 $641,420 $334,654 $306,766
2021 $7,272 $628,844 $328,093 $300,751
2020 $7,230 $622,397 $324,729 $297,668
2019 $7,055 $610,194 $318,362 $291,832
2018 $6,860 $598,230 $312,120 $286,110
2017 $6,749 $586,500 $306,000 $280,500
2016 $6,619 $575,000 $300,000 $275,000
2015 $5,799 $500,000 $250,000 $250,000
2014 $4,576 $403,020 $226,021 $176,999
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240022547

San Diego MLS

APN: 233-550-14-00

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