740 S Escondido Blvd
Escondido, CA 92025
#240028584SD
Description
Built in 1953, this distinctive 4,868 sq. ft. mixed-use property in Escondido offers a compelling blend of residential and retail spaces on a spacious 14,206 sq. ft. parcel. The property consists of three structures, featuring five apartment units and two retail units, set within a tranquil, single-story garden community. It includes two two-car garages, a one-car garage, and plenty of off-street parking for added convenience. The property currently generates additional income through a RUBS (Ratio Utility Billing System), and a new owner can further capitalize on immediate revenue opportunities from laundry and garage rentals. A strategic opportunity lies in transforming the existing garages into a spacious two-bedroom unit while repurposing the two retail spaces into two additional two-bedroom units. This innovative approach would elevate the property's potential, expanding it into an 8-unit community featuring 4 two-bedroom and 4 one-bedroom residences. By maximizing the space and increasing the number of units, this plan enhances the property's value and appeal to a diverse tenant base.
Property Details
- MLS #240028584SD
- MLS #240028584SD
- Original List Price$1,650,000
- CountySan Diego
- Property TypePurchase
- Property SubtypeMixedUse
- Cost1650000
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Bill Anderson (#SAND-640442)
Listing Office: Acre Investment Real Estate (#SAND-69201)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
