NOT LISTED FOR SALE

419 E 11th Ave Escondido, CA 92025

Central Escondido Neighborhood
8 Beds
4 Baths
3,360 Sq Ft
0.32 Acres

Last Sold April 07, 2023

Last sale price $1,375,000 $409 Per Sq Ft

108 Days on Market

Highlights

  • Corner Lot
  • Laundry Facilities
  • Wood Siding
  • Community Barbecue Grill
  • Partially Fenced Property
  • 1-Story Property

About This Home

As of April 2023

We are proud to present the 419-449 East 11th Avenue Apartments for sale in Escondido. This 4-unit opportunity is comprised of four 2 bedroom/1 bath units. The property can be purchased together with the adjacent 4 units at 1101-1107 Chestnut Street. The apartments were built in 1958 and the interiors have been remodeled and all the plumbing, including waterlines and drains, was replaced last year. New kitchens, bathrooms, flooring, roofs, skylights, wall heaters, windows, and doors were also recently installed. A new laundry was also installed. There are carports and on-site parking spaces for residents. The property is currently master-leased to one sober living operator, but the lease is month-to-month and can be terminated at the close of escrow, or renewed at the Buyer's election.

Last Agent to Sell the Property

Craig Stewart

Acre Investment Real Estate License #01060001 Listed on: 11/21/2022

Last Buyer's Agent

Carlos Barajas

Keller Williams San Jose Gateway License #01732586

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.32 Acre Lot
  • Partially Fenced Property
  • Corner Lot
  • Level Lot
  • Sprinklers on Timer

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • Wired For Data

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane, hot water
  • Assessor Parcel Number 233-580-36-00

Community Details

Overview

  • 4 Units
  • 4 Units Community

Amenities

  • Community Barbecue Grill
  • Laundry Facilities

Building Details

  • Net Operating Income $68,778

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: North County
  • Cross Street: Chestnut
  • Neighborhood: Olde Escondido
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1958
  • Allow Comments Review: No
  • Internet Address Field: No Address
  • Internet Syndication Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco, Wood, Wood/Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Cooling: Wall/Window
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial), Wired High Speed Internet
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: 4 Units
  • Community: SOUTH ESCONDIDO
  • Complex Features: BBQ, Laundry Facilities

Lot Info

  • Irrigation: Automatic
  • Lot Size: .25 to .5 AC
  • Site: Corner Lot
  • Topography: Level
  • Zoning: R-1
  • Assessor Parcel Number: 233-580-36-00
  • Estimated Lot Sq Ft: 13731

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane, Hot Water

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 68778
  • Gross Rent Multiplier Actual: 16.37
  • Number Of Buildings: 1
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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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
04/07/2023 04/07/23 Sold $1,375,000 0.0% $409 / Sq Ft
03/10/2023 03/10/23 Pending -- -- --
02/01/2023 02/01/23 Price Changed $1,375,000 -7.1% $409 / Sq Ft
01/25/2023 01/25/23 Price Changed $1,480,000 -1.3% $440 / Sq Ft
12/28/2022 12/28/22 For Sale $1,500,000 0.0% $446 / Sq Ft
12/12/2022 12/12/22 Pending -- -- --
11/21/2022 11/21/22 For Sale $1,500,000 -- $446 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Craig Stewart

    Seller's Agent in 2023

    Craig Stewart

    Acre Investment Real Estate

    (760) 809-3626

    3 in this area

    16 Total Sales

    Craig Stewart
    Section Image

  • C

    Buyer's Agent in 2023

    Carlos Barajas

    Keller Williams San Jose Gateway

  • Dave Plutner

    Buyer's Agent in 2023

    Dave Plutner

    DP Properties

    (858) 964-8087

    4 in this area

    23 Total Sales

    Dave Plutner
    Section Image
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Map

Source: San Diego MLS

MLS Number: 220028529

San Diego MLS

APN: 233-580-36-00

California San Diego County Escondido 92025 Central Escondido

419 E 11th Ave, Escondido, CA

Not Listed for Sale

MultiFamily

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