NOT LISTED FOR SALE

859 E 2nd Ave Unit 63 Escondido, CA 92025

Central Escondido Neighborhood
5 Beds
3 Baths
1,950 Sq Ft
0.35 Acres

Last Sold April 28, 2017

Last sale price $690,000 $354 Per Sq Ft

3 Days on Market

About This Home

As of April 2017

Excellent opportunity to own an income producing 4 units (3+1 non-permitted) on a quiet residential street in Escondido. Long term ownership has done many recent upgrades to the units that should ensure a turn key investment for the next owner. Located on a large lot (15,098 square feet) at the corner of S. Date Street and E. 2nd Ave this property brings in $60,000/year including the non-permitted unit. Unit Mix is 1 Studio, 1 1BR & 2 2BR units plus a laundry room on site. Studio rent is $985/month.

Last Agent to Sell the Property

Thomas McCartin

Marcus & Millichap License #01427348 Listed on: 02/27/2017

Last Buyer's Agent

Thomas McCartin

Marcus & Millichap License #01427348 Listed on: 02/27/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.35

Home Design

  • Composition Roof

Additional Features

  • 1-Story Property
  • 0.35 Acre Lot

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 230-301-21-00

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Net Operating Income $39,935

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: North County
  • Cross Street: South Date & East 2nd Ave
  • Neighborhood: Escondido
  • LP / Sq Ft: 16.17
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1965
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Prkng Non Garage Spac U3: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Roof: Composition

Condo/Co-op/Association

  • Community: NORTH ESCONDIDO

Lot Info

  • Lot Size: .25 to .5 AC
  • Zoning: R-3
  • Assessor Parcel Number: 230-301-21-00
  • Land Use Code: resi
  • Estimated Lot Sq Ft: 15098
  • Map Code Column: A
  • Map Code Page: 1130
  • Map Code Row: 2

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 39935
  • Annual Expense Actual: 18825
  • Annual Expense Projected: 18825
  • Gross Rent Multiplier Actual: 11.46
  • Gross Rent Multiplier Projected: 11.22
  • Gross Sched Income Actual: 60180
  • Gross Sched Income Projected: 61489
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 3
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Other Income Actual: 900
  • Other Income Projected: 900.0

Range of Values:

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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 Change Sq Ft Price
04/28/2017 04/28/17 Sold $690,000 0.0% $354 / Sq Ft
03/02/2017 03/02/17 Pending -- -- --
02/27/2017 02/27/17 For Sale $690,000 -- $354 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Thomas McCartin

    Seller's Agent in 2017

    Thomas McCartin

    Marcus & Millichap

    (858) 362-9376

    34 Total Sales

    Thomas McCartin
    Section Image
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Map

Source: San Diego MLS

MLS Number: 170009753

San Diego MLS

APN: 230-301-21-00

California San Diego County Escondido 92025 Central Escondido

859 E 2nd Ave Unit 63, Escondido, CA

This home is located at 859 E 2nd Ave Unit 63, Escondido, CA 92025 since 27 February 2017. This property was built in 1965. 859 E 2nd Ave Unit 63 is a home located in San Diego County with nearby schools including Central Elementary School, Del Dios Academy of Arts & Sciences, and Orange Glen High School.

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