NOT LISTED FOR SALE
4 Beds
4 Baths
2,132 Sq Ft
1948 Built

Last Sold January 23, 2025

Last sale price $915,000 $429 Per Sq Ft

8 Days on Market

About This Home

As of January 2025

***PLEASE DO NOT DISTURB THE TENANTS*** Prime 4-Unit Tenant-Occupied Investment Opportunity in Old Escondido. This fully tenant-occupied, turn-key property is a rare gem in the heart of Old Escondido, offering immediate and consistent income from day one. All four units are leased by long-term tenants, generating over $6,000 in monthly rents, with a strong cap rate that makes this an exceptional opportunity for investors seeking stable cash flow and high returns. The property features one 2-bedroom, 1-bath unit, two 1-bedroom, 1-bath units, and a non-conforming studio all with significant rental upside. Additional amenities include three single-car garages, off-street parking, and private and communal outdoor spaces, all enhancing tenant retention and property value. Located on a quiet residential street this property is perfect for investors looking for a hands-off, income-generating asset in one of Escondido’s great neighborhoods. Seize this rare opportunity to own a fully tenant-occupied property with immediate income and long-term value!

Last Agent to Sell the Property

Bob Davie

SD Residential Property Mgmt License #01859951 Listed on: 12/07/2024

Co-Listed By

Katie Acampora

SD Residential Property Mgmt License #01870747

Last Buyer's Agent

Farid Khayamian

Bluxen, Inc License #01835318

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 1-Story Property
  • Property is Fully Fenced

Listing and Financial Details

  • Tenant pays for sewer, trash, water, cable TV, electricity, gas/propane
  • Assessor Parcel Number 233-630-36-00

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Escondido Community

Building Details

  • Net Operating Income $62,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: North County
  • Cross Street: Park Hill Drive
  • Neighborhood: Old Escondido
  • Stories: 1 Story
  • Sale Price List Price: 0.9
  • Total Stories: 1
  • Year Built: 1948
  • 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: Stucco
  • Fencing: Full
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: Escondido
  • Community: EAST ESCONDIDO
  • Manager Name: SD Residential Prop Mgmt
  • Manager Phone: 858-485-6565

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 233-630-36-00

Rental Info

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

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 62400
  • Gross Rent Multiplier Actual: 13.38
  • Number Of Buildings: 2
  • Number Of Units With Garage: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
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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
01/23/2025 01/23/25 Sold $915,000 -9.7% $429 / Sq Ft
12/16/2024 12/16/24 Pending -- -- --
12/07/2024 12/07/24 For Sale $1,013,250 -- $475 / 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 $4,374 $387,886 $221,651 $166,235
2024 $4,374 $380,281 $217,305 $162,976
2023 $4,274 $372,826 $213,045 $159,781
2022 $4,228 $365,517 $208,868 $156,649
2021 $4,160 $358,351 $204,773 $153,578
2020 $4,136 $354,678 $202,674 $152,004
2019 $4,036 $347,724 $198,700 $149,024
2018 $3,925 $340,906 $194,804 $146,102
2017 $3,861 $334,223 $190,985 $143,238
2016 $3,786 $327,671 $187,241 $140,430
2015 $3,754 $322,750 $184,429 $138,321
2014 $3,600 $316,429 $180,817 $135,612
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240028103

San Diego MLS

APN: 233-630-36-00