401 07 Idaho Ave, Escondido, CA 92025

$1,599,000

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List Price
$1,599,000
Status
PENDING
MLS#
260015837SD
Year Built
1956
Lot Size
30,927
Acres
0.71
Days on Market
27
Property Type
Multifamily
Stories
One Level
Neighborhood
Southeast Escondido

Property Description

401-07 Idaho Ave is a turnkey 4-unit multifamily asset sitting on a rare 0.7-acre lot in one of San Diego’s most resilient and sought-after North County rental submarkets. The property features a highly desirable unit mix consisting of (1) 3-bed / 2-bath, (1) 3-bed / 1-bath, (1) 2-bed / 1-bath, and a (1) 1-bed / 1-bath. Each unit is outfitted with premium finishes, new stainless steel appliances, and in-unit washer/dryers, designed to appeal to high-quality tenants and command top-of-market rents. The asset is further enhanced with upgraded electrical, new roofs, and plumbing, dramatically minimizing long-term risk and capex making this a secure long-term investment. Positioned in a high-demand, high-rent-growth corridor, 401-07 Idaho Ave offers investors an upgraded, low-maintenance property with exceptional design, modern construction quality, and strong in-place income. With continued appreciation potential and minimal capital improvement needs, this is a rare opportunity to acquire a stabilized asset in a core San Diego location.

Additional Information

Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Roof
Composition
Attached Structure
Detached
Number Of Units Total
4
Gross Scheduled Income
$129,420

Listing courtesy of Listing Agent: Dylan Ackley (Dylan@sdlandmark.com) from Listing Office: Landmark Multifamily and Development.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.