$1,049,000

Estimated payment $6,753/month

Total Views 10,464
5 Beds
4 Baths
1,987 Sq Ft
$528 Price per Sq Ft

Highlights

  • Property is Fully Fenced
  • San Pasqual High School Rated A-
  • 1-Story Property

About This Home

Detached Duplex with $87K+ Annual Income in Revitalized Downtown Escondido. Unlock rare versatility with this private, income-producing duplex—two fully detached homes on one lot—set in the heart of Escondido’s walkable downtown. Whether you're an investor seeking strong returns or a buyer looking to offset your mortgage, this property offers a unique blend of financial power and lifestyle comfort. Each single-story unit enjoys private yards, separate entrances, and its own laundry. The front 3BD/2BA unit offers 1,095 sq ft of bright, open living space, while the 2BD/2BA rear unit (with separate address) functions as a high-performing rental, guesthouse, or home office. With over $87K/year in verified income and tenants covering most utilities, the cash flow makes sense from day one. Tucked behind a stylish modern fence on a nearly 7,000 sq ft lot, the property features updated landscaping, newer appliances, smart lighting, energy-efficient windows, and over $89K in recent upgrades. Minutes to Grand Ave's cafes, Sprouts, parks, and the I-15, this location delivers both charm and convenience. Highlights: Gross rents of $7,300/month; Potential 8%+ cap rate; Perfect for house hacking, multigenerational living, or passive income; Zoned for growth near the Grand Ave Vision Project and Palomar Heights redevelopment. Live in one, rent the other—or grow your portfolio with a turnkey, high-yield asset in one of North County's fastest-rising urban hubs. *Some photos are virtually staged.

Listing Agent

Jesse Morrison

HomeSmart Realty West License #01476958 Listed on: 05/10/2025

HomeSmart Realty West

Co-Listing Agent

Zachary Plumb

HomeSmart Realty West License #01983772

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 6,903 Sq Ft Lot
  • Property is Fully Fenced

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property

Listing and Financial Details

  • Assessor Parcel Number 236-051-07-00

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Escondido Community

Building Details

  • Net Operating Income $87,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: North County
  • Cross Street: South Pine St
  • Neighborhood: South Boulevard
  • Supplement: Unlock rare versatility with this private, income-producing duplex—two fully detached homes on one lot—set in the heart of Escondido’s walkable downtown. Whether you're an investor seeking strong returns or a buyer looking to offset your mortgage, this property offers a unique blend of financial power and lifestyle comfort. Each single-story unit enjoys private yards, separate entrances, and its own laundry. The front 3BD/2BA unit offers 1,095 sq ft of bright, open living space, while the 2BD/2BA rear unit (with separate address) functions as a high-performing rental, guesthouse, or home office. With over $87K/year in verified income and tenants covering most utilities, the cash flow makes sense from day one. Tucked behind a stylish modern fence on a nearly 7,000 sq ft lot, the property features updated landscaping, newer appliances, smart lighting, energy-efficient windows, and over $89K in recent upgrades. Minutes to Grand Ave's cafes, Sprouts, parks, and the I-15, this location delivers both charm and convenience. Highlights: Gross rents of $7,300/month; Potential 8%+ cap rate; Perfect for house hacking, multigenerational living, or passive income; Zoned for growth near the Grand Ave Vision Project and Palomar Heights redevelopment. Live in one, rent the other—or grow your portfolio with a turnkey, high-yield asset in one of North County's fastest-rising urban hubs. *Some photos are virtually staged.
  • Stories: 1 Story
  • Total Stories: 1
  • Year Built: 1970
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Full
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: Escondido
  • Community: SOUTH ESCONDIDO

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 236-051-07-00
  • Estimated Lot Sq Ft: 6903
  • Estimated Number of Acres: 0.16

Rental Info

  • Tenant Pays: Sewer, Trash, Water, Cable TV, Electricity

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 87600
  • Annual Expense Actual: 11000
  • Gross Rent Multiplier Actual: 11.97
  • Gross Sched Income Actual: 87600
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2
  • Other Income Actual: 11000

Map

Range of Values:

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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 Change Sq Ft Price
06/27/2025 06/27/25 Price Changed $1,049,000 -0.1% $528 / Sq Ft
06/16/2025 06/16/25 Price Changed $1,050,000 +0.1% $528 / Sq Ft
06/06/2025 06/06/25 Price Changed $1,049,000 -0.1% $528 / Sq Ft
05/27/2025 05/27/25 Price Changed $1,050,000 +0.1% $528 / Sq Ft
05/10/2025 05/10/25 For Sale $1,049,000 +84.0% $528 / Sq Ft
11/06/2019 11/06/19 Sold $570,000 +0.2% $370 / Sq Ft
09/30/2019 09/30/19 Pending -- -- --
08/15/2019 08/15/19 For Sale $569,000 +22.1% $369 / Sq Ft
11/03/2017 11/03/17 Sold $466,000 +1.5% $311 / Sq Ft
10/06/2017 10/06/17 Pending -- -- --
07/18/2017 07/18/17 For Sale $459,000 -- $306 / Sq Ft
Source: San Diego MLS

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Source: San Diego MLS

MLS Number: 250027109

San Diego MLS