$699,000
Est. payment /mo
7,052 Sqft Lot
New
351 55 W 8th Ave Escondido, CA 92025
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2604604
HOA Y/N No
Year Built 1958
Lot Size 7,052 Sqft
Property Description
Opportunity to acquire two detached 2-bedroom, 1-bath homes with separate utilities situated on a 7,052 sq. ft. R-3 zoned lot in a centrally located Escondido neighborhood. Conveniently located near schools, shopping, restaurants, and major transportation corridors. Each unit offers private yard space, creating strong tenant appeal and long-term rental potential. Currently generating income with an estimated 6% cap rate, this property presents an excellent value-add opportunity for investors seeking to increase cash flow through renovations and rental repositioning. The large R-3 zoned lot may offer future expansion or redevelopment possibilities (buyer to verify). Whether you are seeking a long-term hold, a value-add renovation project, or a future development , this property offers multiple avenues to maximize returns. Ideal for investors, contractors, buyer's that are ready to roll up their sleeves, implement improvements, and unlock the property's full potential.
Location
State CA
County San Diego
Area 92025 - Escondido
Zoning R-3:Restricted Multiple
Interior
Heating Wall Furnace
Fireplace No
Laundry Inside
Exterior
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Sidewalks
View Y/N No
Total Parking Spaces 5
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Sewer Public Sewer
New Construction No
Others
Senior Community No
Tax ID 2333710200
Acceptable Financing Cash, Conventional, Submit
Listing Terms Cash, Conventional, Submit
Special Listing Condition Standard
Listed by Luda Phipps Luda Phipps, Broker 619-277-5474, DRE #02139266
Nearby Locations
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