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331 E Washington Ave
Escondido, CA 92025
Multifamily Property For Sale
·
11 Units
Executive Summary
• 3 Minute Walk to Downtown Escondido
• 10 Units + Non-Conforming Studio ADU
• All Units have been Recently Renovated
• 5.31% Current CAP Rate | 6.63% Pro Forma CAP Rate
• 90 Walk Score – Just 0.4–0.6 Miles from Downtown Escondido
• $103,000 Average Household Income | 65% Renter Occupied Housing
• Homeownership Costs in this area are double the Avg. Apartment Rents
• No Local Rent Control
• 10 Units + Non-Conforming Studio ADU
• All Units have been Recently Renovated
• 5.31% Current CAP Rate | 6.63% Pro Forma CAP Rate
• 90 Walk Score – Just 0.4–0.6 Miles from Downtown Escondido
• $103,000 Average Household Income | 65% Renter Occupied Housing
• Homeownership Costs in this area are double the Avg. Apartment Rents
• No Local Rent Control
Property Facts
| Price Per Unit | $336,273 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.31% | Lot Size | 0.34 AC |
| Sale Condition | Build to Suit | Building Size | 7,920 SF |
| Gross Rent Multiplier | 12.88 | No. Stories | 2 |
| No. Units | 11 | Year Built/Renovated | 1988/2024 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | S-P | ||
| Price Per Unit | $336,273 |
| Sale Type | Investment |
| Cap Rate | 5.31% |
| Sale Condition | Build to Suit |
| Gross Rent Multiplier | 12.88 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 7,920 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1988/2024 |
| Opportunity Zone |
Yes |
| Zoning | S-P |
Amenities
Unit Amenities
- Balcony
- Ceiling Fans
- Stainless Steel Appliances
Site Amenities
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | 820 |
| Studios | 1 | - | 500 |
Property Taxes
| Parcel Number | 229-310-75 | Improvements Assessment | $816,000 |
| Land Assessment | $1,632,000 | Total Assessment | $2,448,000 |
Property Taxes
Parcel Number
229-310-75
Land Assessment
$1,632,000
Improvements Assessment
$816,000
Total Assessment
$2,448,000
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