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1110 E 2nd Ave 3 Unit Apartment Building Offered at $1,315,000 at a 5.07% Cap Rate Escondido, CA 92025
Investment Highlights
- Single Family House with Garage + Two Townhouse Units
- 14% upside in rents with a 6.08% proforma cap rate
- Each House has 2+ Parking Spaces, laundry in the unit, and a private yard
- Well maintained property on a Quiet Residential Street in Escondido
Executive Summary
This well-configured 3 unit property offers approximately 2,920 square feet across six bedrooms. The layout features a detached single-family residence with an attached garage at the front, along with 2 two-story townhouse-style units at the rear—ideal for investors or multigenerational living. Situated on a 7,376 square foot lot, each unit enjoys private outdoor space, in-unit washer and dryer, and ample parking, including a driveway for the front home and an alley-accessed carport for the rear units. Located on a quiet residential street in East Escondido, the property is within close proximity to shopping, dining, and daily conveniences, supporting durable tenant demand. With strong in-place rents and upside potential, this asset offers a flexible ownership profile in a stable residential location.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,315,000 | Building Class | C |
| Price Per Unit | $438,333 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 2,920 SF |
| Cap Rate | 5.07% | Average Occupancy | 100% |
| Gross Rent Multiplier | 14.98 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1965 |
| Property Type | Multifamily | Parking Ratio | 3.08/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | R-2-12 | ||
| Price | $1,315,000 |
| Price Per Unit | $438,333 |
| Sale Type | Investment |
| Cap Rate | 5.07% |
| Gross Rent Multiplier | 14.98 |
| No. Units | 3 |
| Property Type | Multifamily |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,920 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 3.08/1,000 SF |
| Zoning | R-2-12 |
Amenities
Unit Amenities
- Dishwasher
- Microwave
- Washer/Dryer
- Kitchen
- Refrigerator
- Carpet
- Yard
- Lawn
- Patio
- Large Bedrooms
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $3,443 | 908 |
| 2+1 | 1 | $2,725 | 1,096 |
Walk Score®
Very Walkable (75)
Property Taxes
| Parcel Number | 230-332-14 | Total Assessment | $1,248,480 |
| Land Assessment | $624,240 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $624,240 | Tax Year | 2025 |
Property Taxes
Parcel Number
230-332-14
Land Assessment
$624,240
Improvements Assessment
$624,240
Total Assessment
$1,248,480
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1110 E 2nd Ave
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