This Multifamily Property is Off-Market.

637 S. Upas St.
Escondido, CA 92025 ·

25 Units · Multifamily For Sale

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Hotel Charlotta

Price N/A Property Use Type Investment
No. Units 25 Commission Split 2.5%
Building Size 7,000 SF Cap Rate 10%
Property Type Multifamily Lot Size 1.55 AC
Property Sub-type
Garden/Low-Rise
More...
  • Residential (land)
  • Economy/ Limited Service
  • Special Purpose (Other)
Listing ID: 17213946 Date Created: 06/22/2011 Last Updated: 04/24/2012

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.*

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

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