Listed by Matthews
$3,395,000
361 E Washington Ave
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,400
Units 16
Cap Rate 5.13%
NOI $174,040
Price per SqFt $530
Year Built 1974
Acreage 0.376
Zoning Commercial
16-Unit Gated Studio Multifamily in Walkable Central Escondido Location
Investment highlights
- Efficient Studio Unit Mix (16 Units) All studio units providing consistent demand from workforce renters and allow for simplified management.
- Gated Community with Carport Parking Secure access and dedicated covered parking enhance tenant appeal and create a competitive advantage over nearby properties.
- On-Site Laundry Offers additional income potential while improving overall tenant convenience and retention.
- Walkable, Infill Location (89 Walk Score) The property benefits from a highly walkable location with close proximity to retail dining and daily amenities in the surrounding area.
- Located in Central Escondido Positioned in the heart of Escondido, the asset offers easy access to employment centers, transportation corridors, and neighborhood services.
- Proximity to Major Demand Drivers The property is located near key institutions and employment hubs including downtown Escondido, Cal State San Marcos, and Palomar College, supporting long term rental demand.
Listing Contacts
Listed by Matthews
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$174,040.00
$14,503.33/mo
Valuation Metrics
0
DSCR
5.13%
Cap Rate
5.13%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
