Nestled on a peaceful hillside in North Escondido, this gorgeous single-story property offers beautiful sunrise and sunset country views! With three separate units in the main house, and additional RV hookups on the back lot, the income potential is a tremendous opportunity for investors. This property boasts THREE separate parcels and legal lots, providing flexibility for future building or expansion: Jesmond Drive AP# 187-151-53 is Approx 13068 sq ft, Poe Street AP# 187-151-52 is Approx 5663 sq ft, Hillcrest AP# 187-151-79 is Approx 9583 sq ft. Main Home Features: 2 Bedrooms, 1 Bath with original hardwood floors and charming V-groove wood ceilings. Recently remodeled kitchen featuring quartz countertops, cherry wood cabinetry, stainless steel appliances, and a propane range with a stylish glass tile backsplash. Bright and airy open-concept layout with a large living/family room, and full-size dining area with a cozy wood-burning stove and a decorative stone fireplace wall. Income-Generating ADUs: Unit 2- 1-bedroom, 1-bath with upgraded laminate flooring, a remodeled kitchenette, and bath, accessible through a private entrance. Unit 3- 1 bedroom, 1 bath with its own private entrance, kitchenette, and sliding glass door to private deck off of the bedroom. All three units have ample private decking at each entrance and beyond. Outdoor and Property Highlights: RV enthusiasts rejoice! Full RV hookups and ample space for boats, work trucks, ATVs, and extra vehicles. Stamped concrete driveway and multiple storage solutions, including a large workshop, detached garage, and Tuff shed. Lush grounds with mature landscaping, a variety of fruit trees, and a spacious outdoor patio perfect for entertaining or relaxing under the stars. Additional Perks: NO HOA – saving you thousands annually. Easy access to I-15, yet tucked away in a quiet, rural setting close to all the conveniences of North Escondido. The beauty and charm of this property added with the three large and useable lots make this multi-unit package an investor's dream.
Large 2 bedroom/1 bath units in a rapidly gentrifying, quiet, unique HOA community of sixteen 4-plexes. All the units were rehabbed over the last few years. Tenants move in and almost never leave. Upside on the rents. Four large single car garages. Potential to turn one or more of the garages into ADU. (Already happening in the neighborhood). The building has its own laundry room with coin operated washer/dryer. Additional storage room for owner. The HOA pays for common area landscape/maintenance, trash, and an onsite manager. Located in an opportunity zone. Property can be purchased individually or with another 4-plex at 340 Lansing Circle. Buyer to cooperate with sellers 1031 exchange.
Large 2 bedroom/1 bath units (approx 875 sq ft each) in a rapidly gentrifying, quiet, unique HOA community of sixteen 4-plexes. All the units were rehabbed over the last few years. Tenants move in and almost never leave. Significant upside on the rents. Large unused yard area of over 6,000 sq ft for potential adding one or more ADUs. The building has its own laundry room with coin operated washer/dryer. The HOA pays for common area landscape/maintenance, trash, and an onsite manager. Located in an opportunity zone. Property can be purchased individually or with another 4-plex at 355 Lansing Circle.
This unique mixed use zoned PUD townhouse with attached shop keeper's unit includes a tri-level, 3 bdrm, 3.5 bath, approximately 1,744 square foot townhouse with attached garage & an approximately 600 plus square foot commercial space. POSSIBLE CONVERSION OF COMMERCIAL SPACE TO ADU & SELL SEPARATELY (BUYER TO VERIFY WITH STATE LAWS, CITY OF ESCONDIDO, LENDER, & HOA). Assembly Bill 1033 (AB 1033): Introduced significant changes to California's Accessory Dwelling Units (ADUs) regulations. This provision allows ADUs to be sold or conveyed separately from the primary residence. This means homeowners can now sell ADUs independently, similar to how condominiums are sold. The existing unit might qualify under this law.(Buyer to verify) There are 2 master suites on the top floor with full bathrooms, and the second level features a bedroom & full bathroom. Other highlights include granite kitchen countertops, vaulted ceilings, gas fireplace, central AC and a full size laundry room. The full laundry room consist of cabinetry, utility sink, counter space washer & dryer connections as well as a laundry chute which services the bathrooms above. 2 units have separate addresses but they are sold under a single title deed since they share a common roofline and walls. Commercial bar furniture does not convey.
Courtesy: Sun and Sea Realty
Duplex rests on an approximate 70x100 square foot lot, afforded privacy by tall full trees. The two-units are situated toward the front of the lot providing large yard spaces behind both units. There is currently a wood fence separating the yard spaces – creating privacy. Unit 512 has approximately 1,330 square feet of side/rear yard area. Unit 510 has approximately 820 square feet of side and rear yard area. Without much effort, existing covered patios could be removed to make way for possible large ADU, possibly 800 square feet or so. Also consider converting the existing two adjacent single-car garages to a studio. Create your own family compound. Unit 512 has a swing-gate access for RV parking off of 12th Avenue while at the same time has off-street parking for one vehicle in front of the swing gate. There are two other off-street parking spaces in front of the two adjacent single-car garages. Also, plenty of on-street parking seems to be readily available most of the time along both 12th Avenue and Pine Street. The beautiful Sprouts Farmers Market grocery store is right across the street. Recent updates include hardscape improvements, concrete driveway expansion for unit 512. Recently installed furnace in unit 512 cost about $8k, Wall AC in unit 510, new fence which cost about $10k. New roof after removal of all underlying roofing material and install of new felt paper, all which cost about $10k. New sliding glass door in unit 512.
Duplex rests on an approximate 70x100 square foot lot, afforded privacy by tall full trees. The two-units are situated toward the front of the lot providing large yard spaces behind both units. There is currently a wood fence separating the yard spaces â?? creating privacy. Unit 512 has approximately 1,330 square feet of side/rear yard area. Unit 510 has approximately 820 square feet of side and rear yard area. Without much effort, existing covered patios could be removed to make way for possible large ADU, possibly 800 square feet or so. Also consider converting the existing two adjacent single-car garages to a studio. Create your own family compound. Unit 512 has a swing-gate access for RV parking off of 12th Avenue while at the same time has off-street parking for one vehicle in front of the swing gate. There are two other off-street parking spaces in front of the two adjacent single-car garages. Also, plenty of on-street parking seems to be readily available most of the time along both 12th Avenue and Pine Street. The beautiful Sprouts Farmers Market grocery store is right across the street. Recent updates include hardscape improvements, concrete driveway expansion for unit 512. Recently installed furnace in unit 512 cost about $8k, Wall AC in unit 510, new fence which cost about $10k. New roof after removal of all underlying roofing material and install of new felt paper, all which cost about $10k. New sliding glass door in unit 512.
Great Investment Opportunity! Three units - 1 BR/1 BA with a garage, 2BR/1 BA and a 1BR/2 BA with a large attached storage room. Needs some fixing but loads of potential. The adjoining vacant lot creates a country in the city feel as the vacant lot is dressed with green lawns and trees. Keep the lot as a yard or develop into your dream. Currently all units are rented. City zoning is restricted commercial with the new Urban lV/V overlay which permits Single family, Multi-family, Residential Care Facility, Community Gardens and more. Photos are combined to include adjoining vacant lot which must be purchased in conjunction with this lot and triplex.
Courtesy: Morgan Brown Real Estate, Inc
Price Correction! With a total of 2,920 sqft of living space with SIX bedrooms between THREE units -- it's Cheaper than buying the same living space as a single family house! Great investment opportunity with significant upside in rents, and a wonderful multigenerational living situation with a Detached Single Family House with Attached Garage in the front, and two 2 story Townhouse Style units in the back! Sitting on 7,376 sqft of lot space grants each home their own private yard and 2+ parking spaces, a carport for the townhomes located off the alley and driveway off of E 2nd for the front home. Washer dryer for each unit located on a quiet residential street within a mile of local eateries, the Maple Street Plaza and 1/2 a mile to Home Depot, Walmart and grocery stores.... What more could you ask for in a long term investment!
*PROPERTY IS ON A PRIVATE STREET. PLEASE CONTACT LISTING AGENT BEFORE DRIVING THE PROPERTY* Discover this unique 9.5 acre property in Lilac Hills! featuring three separate structures – a main house, two rental units, and 4 detached garages. The main residence offers spacious interiors while the additional rental units stand ready to generate income, whether through long-term leases or short-term Airbnb rentals. In addition, there is a guest space located beneath the main residence, offering an ideal space for accommodating guests or providing privacy for family members. Outside, explore ample outdoor space perfect for personal use or investment ventures. The property is zoned for light agriculture, allowing for many types of land uses such as Recreational amenities like spas and pools, Accessory dwelling units, Animal keeping, Agricultural projects, and much more Additional highlights include cost-effective utilities with SDG&E's agriculture rate, a drilled well, 25 avocado trees, trailer hookups and much more Whether you seek a personal retreat, investment opportunity, or both, this Escondido estate awaits you! Please Reach out to The Listing Agent Joey Belcastro with any questions
Courtesy: BOLD Realty Group
Escondido is located in California. Escondido, California has a population of 151,443. Escondido is more family-centric than the surrounding county with 34.48% of the households containing married families with children. The county average for households married with children is 33.76%.
The median household income in Escondido, California is $70,115. The median household income for the surrounding county is $88,240 compared to the national median of $69,021. The median age of people living in Escondido is 35.7 years.
The average high temperature in July is 86.3 degrees, with an average low temperature in January of 42.6 degrees. The average rainfall is approximately 14.2 inches per year, with 0 inches of snow per year.
