740-750 S Escondido Blvd Active Save Request In-Person Tour Request Virtual Tour
Escondido,CA 92025
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 240028584
Property Description
Built in 1953, this distinctive 4,868 sq. ft. mixed-use property in Escondido offers a compelling blend of residential and retail spaces on a spacious 14,206 sq. ft. parcel. The property consists of three structures, featuring five apartment units and two retail units, set within a tranquil, single-story garden community. It includes two two-car garages, a one-car garage, and plenty of off-street parking for added convenience. The property currently generates additional income through a RUBS (Ratio Utility Billing System), and a new owner can further capitalize on immediate revenue opportunities from laundry and garage rentals. A strategic opportunity lies in transforming the existing garages into a spacious two-bedroom unit while repurposing the two retail spaces into two additional two-bedroom units. This innovative approach would elevate the property's potential, expanding it into an 8-unit community featuring 4 two-bedroom and 4 one-bedroom residences. By maximizing the space and increasing the number of units, this plan enhances the property's value and appeal to a diverse tenant base.
Location
State CA
County San Diego
Area Escondido (92025)
Exterior
Parking Features Garages
Building
Story 1
Others
Space Rent $141,756