Escondido, CA 92025 841 45 4th Ave

$1,850,000

Pending

10 more

Presented By: Ed Swauger with Francis Taylor Properties;

MLS# NDP2401724
03/01/2024

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Beds • 11
Baths • 6
SQFT • 4,400
Garage • 9

Home Details

Fantastic 6 unit property in Old Escondido. Professionally maintained by owners with kid gloves since 1979. See maintenance history attached. All units occupied with long term leases. Significant rent growth opportunity - can increase rents the maximum allowed for 3 + years straight. All aspects of property professionally maintained including HVAC units, newer vinyl windows throughout, newer roof under warranty, copper plumbing replaced w/PEX, seamless gutters installed, flooring replaced where appropriate. Four 2 bed-1 bath units in Apartment building includes 2 car garage for each unit! House is a 2/1 nicely upgraded with attached garage plus a studio. Quote to remove the pool for $14,000. Proforma CAP Rate w/o Pool = 6.5%!

Presented By: Ed Swauger with Francis Taylor Properties;

Interior Features for 841 45 4th Ave

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NNo

Basement (Y/N)No

Common WallsNoCommonWalls

Electric On Property Y/NNo

Fireplace Y/NNo

Heating Y/NNo

Laundry FeaturesCommonArea

Total Stories2

Other Rooms

Entry Level1

General for 841 45 4th Ave

Additional Parcels Y/NNo

Attached Garage No

Cap Rate3.38

Carport Y/NNo

CityEscondido

Community FeaturesUrban, Pool

CountySan Diego

Days on Market60

DirectionsE 4th Ave and Date

Entry Location1

Garage Spaces9.0

Garage Y/NYes

Gross Income122860.0

HOA0.0

HOA / Comm AssnNo

Home Warranty Y/NNo

Insurance Expense0.0

Land Lease Y/NNo

Lease Considered Y/NNo

Lease Renewal Y/NNo

LevelsMultiSplit

Listing TermsCash, Conventional, Item1031Exchange

Lot Size Square Feet15185.0

MLS Area92025 - Escondido

MobileHomeRemainsYNNo

Net Operating Income0.0

New ConstructionNo

Number of Units Leased6

Operating Expense0.0

Pool FeaturesCommunity

Private PoolNo

Property Attached Y/NNo

Property TypeResidentialIncome

Rent Control Y/NNo

Senior Community Y/NNo

SewerPublicSewer

Special Listing ConditionsStandard

Standard StatusPending

StatusPending

Street Name4th Ave

Tax Lot230321040

Taxes$0

Total Units6

Trash Expense0.0

View Y/NNo

Virtual TourClick here

Water Sewer Expense0.0

Waterfront Y/NNo

Year Built1977

ZoningMulti

Exterior for 841 45 4th Ave

Building Area Total4400.0

Crops Included Y/NNo

Horse Y/NNo

Irrigation Water Rights Y/NNo

Lot FeaturesSprinklerSystem

Lot Size Acres0.3486

Lot Size Area15185.0

Lot Size SourcePublicRecords

Lot Size UnitsSquareFeet

Number of Buildings2

Number of Separate Electric Meters6

Number of Separate Gas Meters6

Number of Separate Water Meters1

Open Parking Y/NNo

SpaNo

Total Parking9.0

Additional Details

Price History

First Team Client Services

Price $1,850,000

MLS#NDP2401724

List Date 03/01/2024

Property Type Pending

Phone 714.964.3311

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