For Sale
$949,000

404 9Th AveEscondido, CA 92025

Prime Escondido Duplex, High ROI

Overview

Added:
Feb 11
Days on market:
52
This exceptional investment opportunity presents a well-maintained, two-unit apartment building situated on a large corner lot in Escondido, California. The property boasts a total of 2,313 square feet and sits on a substantial 6,725 square foot lot, zoned for both commercial and residential use, offering significant flexibility for future development or expansion. The property comprises two buildings, each two stories high, constructed in 1940 and recently renovated. Improvements include a reinforced concrete foundation, fresh interior and exterior paint, and new vinyl flooring throughout. One unit features five bedrooms and two bathrooms, while the other offers two bedrooms and one bathroom. The property generates a strong net operating income (NOI) of $56,820, resulting in a 6.00% capitalization rate. The asking price is $949,000, or $474,500 per unit. This prime location on West 9th Avenue provides convenient access to Highway 15, enhancing its appeal to both residents and businesses. The property's versatility, strong rental income potential, and strategic location make it an ideal investment for both seasoned investors and first-time buyers seeking a high-return asset in a desirable California market. The property's APN is 233-352-08-00. All information should be independently verified.

Highlights

  • $949,000 asking price for this multifamily property.
  • Two-unit apartment building with a 6% cap rate and $56,820 NOI.
  • 2,313 square feet total, priced at $410.29 per square foot and $474,500 per unit.
  • Located on a 6,725 sq ft corner lot in Escondido, CA (92025), with commercial zoning allowing for multi-family, rental, or office use.
  • Recently renovated with a reinforced concrete foundation, new paint, and vinyl flooring.
  • Prime location on W 9th Ave with direct access to Hwy 15.

Property Details for 404 9Th Ave

Property type
Apartment buildings
Square Feet
2,313 SF
Year Built
1940
Buildings
2
Stories
2
Units
2

Location Insight

City
Escondido
County
San Diego
State
California
Latitude
33.1125412
Longitude
-117.0808024
404 9Th Ave, Escondido, California

FAQs

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404 9Th Ave
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