Historical Multifamily Sale Listing - Hotel Charlotta

Multifamily For Sale

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Hotel Charlotta

637 S. Upas St., Escondido, CA 92025

N/A

25 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
25
Building Size:
7,000 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Additional Sub-types:
Residential (land)
Economy/ Limited Service
Special Purpose (Other)
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
10%
Lot Size:
1.55 AC
Listing ID
17213946
Last Updated
over 1 year ago

Description

25 SRO units (single room occupancy). 10% cap rate at 90% collections. Large parcel of 1.55 acres. Potential split into 3 lots. Several operation options for new investor such as (1.) SRO income property; (2.) bed and breakfast resort; (3.) retreat/group home; (4.) botique hotel; or (3.) single family development. Recent property upgrades including new decks, interior fire sprinklers and central air conditioning. Building size is unknown, estimated at 7000sf. Buyer to verify zoning, financials, sizes, permitted uses and property condition during due diligence period.

The property offers a quiet residential location with sweeping views over the Escondido valley. Located near the Escondido transit center and the 15 freeway.

*Please drive by discreetly without disturbing the tenants or management. All showings to be scheduled through the listing agent. Under no circumstances should the manager or tenants be contacted.*

Map of 637 S. Upas St., Escondido, CA 92025 (San Diego County)

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