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830 E Washington Ave, Escondido, CA 92025

Commercial property · 2 recorded sales since 2016

830 E Washington Ave, Escondido, CA 92025 Sold October 2017 CRMLS
$1,590,000Sold October 2017

Listing Agent: Seth Watje (DRE #01805453) · Listing Office: South Coast Commercial, Inc. · Contact: 619-226-6011 · Bought with: Corey McHenry · Colliers International · MLS #170032306 · Source: CRMLS

9
Units
4.70%
Cap Rate
$74,291
NOI
18,731 sqft
Lot Size
Commercial property
Type

About this commercial property

Pleased to present this 9 unit apartment community situated in the city of Escondido. The unit mix is comprised of six 1BR/1BA units, two 2BR/1BA units, and one very spacious 2BR/2BA unit. The property features include 3 two car garages, 1 single car garage, 8 carports, and several additional off-street parking spaces. The tenants have additional storage for use in each carport. The property includes a community patio with a BBQ, shared grass area, and an On-site laundry facility which produces additional monthly income. The current ownership has upgraded several unit interiors and renovated the exterior with new windows, paint, and landscape. Potential upside in rental income!

Listing description from the October 2017 sale, as reported to CRMLS.

Sale history

$1,590,000
Sold October 2017 · listed $1,579,000, on market June 2017 · MLS #170032306 · Source: CRMLS
Listing Agent: Seth Watje · Listing Office: South Coast Commercial, Inc. · Contact: 619-226-6011 · Bought with: Corey McHenry · Colliers International
$1,175,000
Sold January 2016 · on market October 2015 · MLS #150058882 · Source: CRMLS
Listing Agent: Andrea Lopez · Listing Office: Century 21 Wright · Contact: 951-694-5300 · Bought with: Seth Watje · South Coast Commercial, Inc.
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