Skip To Content

1971 E Washington Ave

Escondido, CA 92027
  • $6,800,000
  • STATUS: ACTIVE
  • ON SITE: 29 Days
  • ID#: 220009628
UPDATED: 218 min ago
$6,800,000
  • 2
    BEDS
  • 1.35
    ACRES
  • 1
    BATHS
  • 1
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Pleased to present Sunset Villas in Escondido; one of the most desired rental submarkets in San Diego County. One of a kind 16 identical condo-quality freestanding buildings. All townhome style, each with 2 bedrooms, 1.5 bathrooms, about 1,100 SF of living space, pitched roof, and large private backyards. Built in 1977 on 1.35 acres, with extensive remodeling of 12 units in the past 7 years. One assigned parking and one carport per unit. Well maintained complex with on-site laundry room. All homes have separate submeters and can be billed for water use. Originally designed and built for individual sales. Few blocks to schools, major shops, restaurants, and Escondido branch of Palomar College. No vacancy during the past 10 years. Plenty of rental upside with many long-time tenants.

Monthly Payment Calculator

San Diego MLS logo This 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 San Diego MLS. 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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.realestaterubino.com/homes/127988279
Print Image

1971 E Washington Ave Escondido, CA 92027

  • Price: $6,800,000
  • Status: ACTIVE
  • On Site: 29 Days
  • Updated: 218 min ago
  • ID#: 220009628
2
Beds
1
Baths
1
½ Baths
1.35
Acres
Neighborhood:
Escondido (92027)
County:
San Diego
Area:
Escondido (92027)
Property Description
Pleased to present Sunset Villas in Escondido; one of the most desired rental submarkets in San Diego County. One of a kind 16 identical condo-quality freestanding buildings. All townhome style, each with 2 bedrooms, 1.5 bathrooms, about 1,100 SF of living space, pitched roof, and large private backyards. Built in 1977 on 1.35 acres, with extensive remodeling of 12 units in the past 7 years. One assigned parking and one carport per unit. Well maintained complex with on-site laundry room. All homes have separate submeters and can be billed for water use. Originally designed and built for individual sales. Few blocks to schools, major shops, restaurants, and Escondido branch of Palomar College. No vacancy during the past 10 years. Plenty of rental upside with many long-time tenants.
Exterior Features

Construction DrywallFrameStucco Exterior Cable AvailableWood Fence Parking CarportsSpaces Parking Spaces Total 32 Roof Composition

Interior Features

Cooling Central Forced Air Elec Floor Coverings TileVinyl Floors Slab Heating Central Forced Air Elec Laundry Leased Sq Ft Of Improvement 17520 Stories 2 Story Units With Dishwashers 16 Units With Disposals 16 Units With Drapes 16 Units With Ranges 16 Units With Refrigerators 16

Property Features

Actual Gross Operating Income 345603 Actual Gross Scheduled Income 341160.0 Actual Operating Expense 85715 Assumable Finance 0 Buildings 17 Existing Financing Conventional Financial Information Source Owner Gross Equity 5000000 Gross Multiplier 19 Have 16 Detached Townhomes Mandatory Remarks None Known Market Area North County Monthly Rent Total 28430 Motive Want 1031 Other Income Actual 4443 Sq Ft Source Tax Record Tenant Pays Electric Y Tenant Pays Gas Y Unit Number1 16 Unit Type Free StandingTownhouse Zoning R-2

San Diego MLS logo Listing provided courtesy of Coldwell Banker Realty. Listing information © 2022 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This 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 San Diego MLS. 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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_2_220009628-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_2_220009628-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_2_220009628-2.jpg
Logo
Rubino Real Estate | Keller Williams Carmel Valley/Del Mar
12780 High Bluff Dr
San Diego CA, 92130