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361 E Washington Ave 16 Unit Apartment Building $3,395,000 ($212,188/Unit) 5.13% Cap Rate Escondido, CA 92025
Investment Highlights
- 16-unit gated multifamily with all studio units and on-site laundry for added income.
- Secure carport parking and controlled access provide tenant appeal and competitive advantage.
- Offered at $3,395,000 with a 5.13% cap rate and $174,040 NOI.
- Prime infill location in central Escondido with an 89 Walk Score and easy access to amenities.
- Close proximity to downtown Escondido, Cal State San Marcos, and Palomar College.
- Efficient unit mix targets workforce renters and simplifies management.
Executive Summary
David Harrington
Matthews Real Estate Investment Services, Inc
License # 02168060, 01320460 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 02168060, 01320460 (CA)
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245
(866) 889-0550
Property Facts
| Price | $3,395,000 | Building Class | C |
| Price Per Unit | $212,188 | Lot Size | 0.38 AC |
| Sale Type | Investment | Building Size | 6,400 SF |
| Cap Rate | 5.13% | Average Occupancy | 94% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Parking Ratio | 1.13/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R4, Escondido | ||
| Price | $3,395,000 |
| Price Per Unit | $212,188 |
| Sale Type | Investment |
| Cap Rate | 5.13% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 6,400 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 1.13/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4, Escondido |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | 400 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 229-310-76 | Improvements Assessment | $924,295 |
| Land Assessment | $735,512 | Total Assessment | $1,659,807 |
Property Taxes
Parcel Number
229-310-76
Land Assessment
$735,512
Improvements Assessment
$924,295
Total Assessment
$1,659,807
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361 E Washington Ave
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