Photo of Melissa Russell

Melissa Russell

DRE# 01360240

619.850.4061



$1,699,000

  • COMMERCIAL-RES INCOME
  • ACTIVE
  • MLS# 180054314

Description

INVESTOR'S DREAM! Zoned R-1(6) can be subdivided into (up to) 14 lots. As it stands there are 5 occupied rental units. The entire 2 acre parcel is flat and ready for use with all utilities hooked up. BEST USE: This property is an especially good investment opportunity for developers and/or someone looking to subdivide into (up to) 14 x 6,000 ft2 lots and build new homes for resale. It does have 3 dwellings currently on the property with a total of 5 individual units.

Property Details

Property type:
Commercial-Res Income
Age of Building:
1960
Acreage:
2
Number of Buildings:
3
Number of Stories:
1
Total Number of Parking Spaces:
16

Location

County:
San Diego

Additional Details

Number of Units:
5
Number of Stories:
1
Total Monthly Rent:
$7,850
Price Per Unit:
$339,800
Down Payment:
$0
Gross Equity:
$1,300,000
Existing Finance:
Clear, Other/Remarks
SqFt of Improvement:
5,044
Lot Size:
1.5 through 2.5 Acres
Lot Square Footage:
87,120
Assessors Parcel #:
227-144-07-00
Zoning:
R-1(6)
Exterior:
No Landscaping
Heating Equipment:
Central Forced Air Gas
Roof:
Composition, Other/Remarks
Laundry:
Owned
Parking:
Other/Remarks

Unit Details

Unit 1
Number of Units:
1
Number of Bedrooms:
2
Number of Baths:
1
Unit Rental Total:
$1,550
Unit 2
Number of Units:
1
Number of Bedrooms:
2
Number of Baths:
1
Unit Rental Total:
$1,550
Unit 3
Number of Units:
1
Number of Bedrooms:
2
Number of Baths:
1
Unit Rental Total:
$1,650
Unit 4
Number of Units:
1
Number of Bedrooms:
2
Number of Baths:
1
Unit Rental Total:
$1,650
Unit 5
Number of Units:
1
Number of Bedrooms:
3
Number of Baths:
1.00
Unit Rental Total:
$1,550

Features

Amenities:
Other/Remarks
Floor Coverings:
Other/Remarks
Construction Features:
Stucco
Laundry Utilities:
Owned

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Escondido

Founded in 1888, Escondido – which is located north of Downtown San Diego in a shallow valley encircled by rocky hills – is one of the oldest cities in San Diego County. A recent revitalization of downtown Escondido has improved the ‘walkability’ of the area and attracted new restaurants, cafes and art galleries. There are historic neighborhoods in the area, as well as ... Read More

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Presented By
Melissa
Russell

DRE# 01360240

619.850.4061

Email Me
Presented By
Melissa
Russell

DRE# 01360240

619.850.4061

Email Me

Willis Allen Real EstateThis information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 Sandicor®, Inc.