Residential Income - 331 Washington, Escondido, CA

$3,575,000

331 Washington, Escondido, CA

331 Washington, Escondido, CA 92025 - $3,575,000 · Multi-Family Home for Sale, photo 3

331 Washington, Escondido, CA 92025 - $3,575,000 · Multi-Family Home for Sale, photo 4

331 Washington, Escondido, CA 92025 - $3,575,000 · Multi-Family Home for Sale, photo 5

View in Nalren App Get the App

Description

This 1988 constructed complex is down the street from Downtown Escondido, and consists of (10) 2 Bedroom Units, plus a non-conforming studio. All units have been recently renovated, providing a low-maintenance investment with immediate cash flow. The property offers a 5.56% current cap rate with upside. Situated in a highly walkable location with a 90 Walk Score, the property is just 0.4 to 0.6 miles from Downtown Escondido's restaurants, retail, and entertainment. The surrounding area boasts an average household income of approximately $103,000, while homeownership costs are approximately double the average apartment rent. Additionally, the property is not subject to local rent control, providing greater operational flexibility for future ownership.

Property details

Year built

1988

Property type

Residential Income

Lot size

14,747 sqft

Location

331 Washington • Escondido, CA 92025

More homes for sale and rent in Escondido, CA →

Listed by

Pat Swanson · Pat Swanson

Similar Listings

Recent sales near 331 Washington

664 N Fig St: Sold $850,000 · Aug 2026 · 0.4 mi
Coldwell Banker West | DRE #01915649
Buyer's agent: Jeff Kane, Coldwell Banker West | DRE #01915649
664 N Fig St: Sold $850,000 · 4 bd · 2 ba · 1,353 sqft · Aug 2026 · 0.4 mi
Coldwell Banker West | DRE #01915649
Buyer's agent: Jeff Kane, Coldwell Banker West | DRE #01915649
710 Elmwood: Sold $890,000 · 4 bd · 3 ba · 1,760 sqft · Sep 2026 · 0.4 mi
Crown Real Estate & Funding, Inc. | DRE #01988192
Buyer's agent: General NONMEMBER, NONMEMBER MRML
1020 E Washington Ave 107: Sold $480,000 · 2 bd · 2 ba · 1,178 sqft · Aug 2026 · 0.6 mi
LPT Realty, Inc | DRE #02205639
Buyer's agent: Mike Chiesl, Real Broker | DRE #01783300
1040 E Washington: Sold $275,000 · 1 bd · 1 ba · 865 sqft · Aug 2026 · 0.6 mi
Real Brokerage Technologies | DRE #02176947
Buyer's agent: Oleksandra Galanis, Redfin Corporation | DRE #01904541
1060 E Washington Ave 5: Sold $280,500 · 2 bd · 2 ba · 936 sqft · Sep 2026 · 0.6 mi
544 S Juniper Street: Sold $728,500 · 3 bd · 2 ba · 2,262 sqft · Jul 2026 · 0.7 mi
The Broker Network | DRE #01904364
Buyer's agent: Brian Williams, The Broker Network | DRE #01387853
211 S Orange 112: Sold $624,999 · 3 bd · 4 ba · 1,604 sqft · Aug 2026 · 0.7 mi

Closed sales reported in 92025, nearest first, last 12 months. All recent sales in Escondido →