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Christa Simonsen

christa.simonsen@exprealty.com +1(760) 644-1434

$ 999,988

Est. payment | -/mo

5 Beds

5 Baths

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$ 999,988

Est. payment | -/mo

Save Virtual Tour

5 Beds

5 Baths

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision South Escondido

MLS Listing ID 260004925

Bedrooms 5

Full Baths 4

Half Baths 1

Year Built 1952

Property Sub-Type Res Income 2-4 Units

Property Description

Income-Producing Duplex with Triplex Layout – 6.84% Cap at $1M Rare opportunity to acquire a cash-flowing property in central Escondido with a versatile 3-unit configuration. Technically a duplex, the property functions as a triplex: the front unit (222) is a spacious 3BD/2.5BA, while the rear structure (224) is divided into two fully independent 1BD/1BA units—each with its own kitchen and full bath. Current total rental income is $6,950/month ($83,400 annually). Projected cap rates: 6.84% at $1,000,000 | 6.21% at $1,100,000 | 5.70% at $1,200,000. Each unit is separately metered for SDG&E, with tenants paying their own gas and electric. Owner expenses are minimal, averaging approximately $500/month in total for water/trash for both units, and $500/month for professional property management of both units. Strong in-place income, flexible layout, and solid cap rate potential make this an excellent opportunity for investors seeking immediate cash flow in a high-demand rental market.

Location

State CA

County San Diego

Area North County

Zoning R-1:Single

Interior

Cooling Central Forced Air

Fireplace No

Exterior

Fence Cross Fencing, Gate, Partial

Utilities Available Sewer Connected

View Y/N No

Roof Type Composition

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 233-362-08-00

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Special Listing Condition Call Agent

Virtual Tour https://www.propertypanorama.com/instaview/snd/260004925

Listed by Taylor D Ryan, DRE#02350805 Sundae Funding, Inc.

Nearby Locations

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Christa Simonsen

REALTOR® | Lic# DRE# 01953213

christa.simonsen@exprealty.com

+1(760) 644-1434

2603 Camino Ramon Ste 200 San Ramon CA, 94583

222-224 W 8th Ave Escondido, CA 92025

Christa Simonsen

Key Details

Location

Interior

Exterior

Building

Others

222-224 W 8th Ave