KRC Real Estate
Listed by ACRE Investment Real Estate Services Central San Diego, KRC Real Estate
$5,300,000
204 E 2nd Avenue East
Details
APN 2330822300
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,896
Units 29
Cap Rate 3.41%
Buildings 1
Stories 2
Lot Size (SqFt) 9,354
Zoning Commercial
Multifamily | 3.41% CAP | 29 Units
Marketing description
We are proud to introduce the Trentom Arms. This 29-unit multi-family property, built in 1925 and renovated in 2021, is located in the Escondido Downtown Specific Plan area, offering a unique blend of historic charm and modern comforts. The property features 17 one-bedroom/one-bath units, 1 two-bedroom/one-bath unit, and 11 studios. The building features a new roof, plumbing, and electrical systems, ensuring functionality and appeal. Units within the property are submetered for electricity. RUBs (Ratio Utility Billing System) have been implemented for electricity, gas, water, and sewer, promoting efficient utility management. With a strong 100% occupancy rate, this property not only stands as a testament to its desirability but also presents a value-add investment opportunity through potential rent increases. It's an ideal choice for investors looking for a property that combines historical significance with contemporary living standards.
Listing Contacts
KRC Real Estate
Listed by ACRE Investment Real Estate Services Central San Diego, KRC Real Estate
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