$699,900
2 units
Details
APN 233-371-02-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,431
Units 2
Cap Rate 4.73%
Year Built 1958
Buildings 2
Lot Size (SqFt) 7,052
Multifamily | 4.73% CAP | 2 Units
Marketing description
Seller has priced the property aggressively for an as-is sale and is seeking a straightforward transaction. Rare opportunity to acquire a tenant-occupied duplex on a spacious ~7,052 sq ft lot in a desirable Escondido location. Property features two separate houses 2BR/1BA each (approx. 716 sq ft front house and 716 sq ft rear house), each with private yard space and strong long-term occupancy. Current rents total $3,700/month with tenants in place over 20 years, offering immediate income and significant upside potential. Fixer – property requires full renovation (kitchen, baths, and overall interior/exterior upgrades). Ideal for experienced investors, contractors, or buyers seeking a value-add opportunity with the ability to reposition and increase rents over time. Large lot provides excellent potential expansion opportunities (room+bathroom addition-buyer to verify), making this a compelling long-term hold or redevelopment play. Sold AS-IS. Tenant occupied. Do not disturb occupants. Interior inspection subject to accepted offer. Buyer to verify all information, including zoning, permits, and development potential. Opportunity highlights: Duplex: Detached Two 2BR/1BA units, Strong upside in rents after renovation Long-term tenants provide stable baseline income. Potential expansion (buyer to verify) Bring your vision and unlock the full potential of this centrally located investment property.
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