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$ 999,989
Est. payment /mo
Active
222-224 W 8th Ave Escondido, CA 92025
5 Beds
5 Baths
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 260004925
Bedrooms 5
Full Baths 4
Half Baths 1
Year Built 1952
Property Sub-Type Res Income 2-4 Units
Property Description
Income-Producing Duplex with Triplex Layout – 6.84% Cap at $1M Rare opportunity to acquire a cash-flowing property in central Escondido with a versatile 3-unit configuration. Technically a duplex, the property functions as a triplex: the front unit (222) is a spacious 3BD/2.5BA, while the rear structure (224) is divided into two fully independent 1BD/1BA units—each with its own kitchen and full bath. Current total rental income is $6,950/month ($83,400 annually). Projected cap rates: 6.84% at $1,000,000 | 6.21% at $1,100,000 | 5.70% at $1,200,000. Each unit is separately metered for SDG&E, with tenants paying their own gas and electric. Owner expenses are minimal, averaging approximately $500/month in total for water/trash for both units, and $500/month for professional property management of both units. Strong in-place income, flexible layout, and solid cap rate potential make this an excellent opportunity for investors seeking immediate cash flow in a high-demand rental market.
Location
State CA
County San Diego
Area North County
Zoning R-1:Single
Interior
Cooling Central Forced Air
Fireplace No
Exterior
Fence Cross Fencing, Gate, Partial
Utilities Available Sewer Connected
View Y/N No
Roof Type Composition
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 233-362-08-00
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Special Listing Condition Call Agent
Virtual Tour https://www.propertypanorama.com/instaview/snd/260004925
Listed by Taylor D Ryan, DRE#02350805 Sundae Funding, Inc.