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$715,000
Est. payment /mo
6,896 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision South Escondido
MLS Listing ID 260023777
Year Built 1934
Lot Size 6,896 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Seller has invested over $160,000 into the property, including more than $100,000 in architectural plans, engineering, and City of Escondido permit-related fees, along with over $60,000 in upgrades to the existing home. Improvements include new drainage, full replacement of hot and cold water lines, a new HVAC system, brand-new kitchen, fully remodeled bathroom, and upgraded windows.The property was previously approved and permitted for three additional units (2 ADUs and 1 JADU); however, the permits/plans have since expired. Buyer to independently verify with the City of Escondido all requirements, costs, and feasibility for renewal, reactivation, or resubmittal of the plans and permits.The flat lot offers significant development potential. The existing fully remodeled 2-bedroom, 1-bathroom home with a den is currently tenant-occupied, providing immediate rental income while a buyer evaluates the potential development of the additional units.
Location
State CA
County San Diego
Area North County
Zoning R-3:RESTRI
Interior
Heating Forced Air Unit
Cooling Zoned Area(s)
Fireplace No
Exterior
Fence Partial
View Y/N No
Roof Type Composition
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 229-210-07-00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Farid Khayamian, DRE#01835318 Bluxen, Inc.
Co-listed byRyan Khayamian • Bluxen, Inc.
Co-listed byRyan Khayamian • Bluxen, Inc.
Nearby School & Business
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