The 15th Avenue Apartments represent a great opportunity for the buyer to take advantage of SELLER FINANCING (subject to buyer credit approval) to acquire an income producing asset in the high demand rental market of Escondido. The property consists of 5 units in 3 buildings situated on a large lot in a low density area of predominately single family homes. The unit mix consists of 2 duplexes with each duplex unit having 2 bedrooms and 2 baths plus a 3 bedroom 3 bath single family home all situated on a 32,000(+/-) square foot lot. Each unit has their own single car garage as well as laundry hook ups, fenced back yards, and private storage units. With abundant parking and spacious grounds the property is well suited for long term tenants. Located near schools, shopping, and transportation, the property offers the investor a stable asset in a great location. Long term or short term seller financing is available for this property with rate and terms to be determined.
The information provided herein is deemed to be correct, however, South Coast Commercial, Inc. makes no guarantee or offers any warranties. Buyer and/or buyer's agent to verify all prior to the close of escrow.
Settled in a long valley in the coastal mountains of Southern California, Escondido, which means "hidden" in Spanish, lies about 18 miles inland, 100 miles south of Los Angeles, and 30 miles northeast of San Diego.
Surrounded by avocado and citrus groves, Escondido is a diverse, vibrant community with just the right mix of small town friendliness and big-city buzz.
Established in 1888, the city's rich past brings charm and stability to the community. You can see it in the historic homes of Old Escondido or experience it in the thriving downtown area and the weekly blast to the past, "Cruisin' Grand." Yet integrated with Escondido's treasured heritage is a progressive future, bright and brimming with promise.
