331 E Washington Avenue, Escondido, CA 92025

About this commercial property

Pleased to present 331 E Washington Avenue, a 10-unit multifamily asset centrally located in Escondido, California, near Escondido’s historic downtown district and Escondido Transit Center. The two-story asset is comprised entirely of two-bedroom/one-bathroom floorplans averaging 792 square feet of living area. The property also has one (1) non-conforming studio unit and onsite laundry facilities. The property features twenty (20) off-street parking spaces and select units feature balconies. The property recently underwent an extensive rehab program. The units have been upgraded with vinyl plank floors, laminate countertops, stainless steel kitchen sinks, kitchen cabinets, ceiling fans, vanities and tubs, doors and hardware, and cordless blinds. The property exteriors have also been significantly enhanced with new stucco repairs, upgraded roof, paint, gates, and windows. The Grand Avenue corridor, historic downtown district, and Escondido Transit Center are all within 1-mile. With proximity to the Escondido Transit Center, the downtown district and Grand Avenue corridor are centered around Smart Growth initiatives by SANDAG and the City of Escondido, intended to enhance the area by encouraging transit-oriented land uses and future developments.

Listing description from the March 2025 sale, as reported to CRMLS.

Sale history

$3,700,000

Sold March 2025 · listed $3,850,000, on market June 2024 · MLS #240014964SD · Source: CRMLS

Listing Agent: Austin Huffman · Listing Office: Marcus & Millichap · Contact: 818-212-2250 · Bought with: Kal Ibrahim · Socal Coastal Properties

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