Quality fourplex investment offering. Built in 1992. Large units with garages. Units are either 2 bedroom, 2 bathroom or 2 bedroom + den, 2 bathroom. 4 1 car garages plus 8 uncovered parking spaces. High ceilings, dual pane windows, full size washer/dryer hookups, fireplaces, yards/balconies, ample closet space, large kitchen and dining room, forced air heat and air conditioning. Current rents are low. Excellent cash flow at market rental rates. Please drive by discreetly without disturbing the residents.
Discover an exceptional investment opportunity in the heart of Escondido, California! This fully renovated three-unit property offers a perfect blend of modern convenience, excellent rental income, and abundant outdoor space, making it a standout choice for investors or owner-occupants alike. The property features a spacious 3-bedroom, 2-bathroom unit, ideal for families or larger households, along with two studio units that cater perfectly to singles or couples. Renovated in 2024, all units boast updated finishes and are currently achieving market-level rents. The expansive yard space provides endless possibilities for outdoor enjoyment, gardening, or even potential future enhancements. With its modern upgrades and versatile living arrangements, this property is truly a rare find in Escondido.
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 is being sold separately for $349,000.
Courtesy: Morgan Brown Real Estate, Inc
Nestled on a peaceful hillside in North Escondido, this stunning single-story property offers breathtaking sunrise and sunset views in a tranquil country setting. The main house features three separate units, creating a fantastic income-generating opportunity for investors. Main Home Highlights • 2 bedrooms, 1 bath with original hardwood floors and charming V-groove wood ceilings. • Recently remodeled kitchen with quartz countertops, cherry wood cabinetry, stainless steel appliances, a propane range, and a stylish glass tile backsplash. • Bright and airy open-concept living, including a spacious family room, full-size dining area, cozy wood-burning stove, and decorative stone fireplace wall. Income-Generating ADUs • Unit 2: 1-bedroom, 1-bath with upgraded laminate flooring, remodeled kitchenette and bath, and a private entrance. • Unit 3: 1-bedroom, 1-bath with a private entrance, kitchenette, and sliding glass door leading to a deck off the bedroom. Each unit includes private decking at the entrances and beyond, enhancing privacy and comfort. Outdoor Features • Ample parking for boats, work trucks, ATVs, and extra vehicles. • Stamped concrete driveway and multiple storage options, including a large workshop and detached garage. • Lush landscaping with mature fruit trees and a spacious outdoor patio, perfect for entertaining or relaxing under the stars. Additional Opportunities In addition to the main house, two separate parcels are also available for sale, offering incredible potential for building or expansion: • Poe Street (AP# 187-151-52) – Approx. 5,663 sq. ft. • Hillcrest (AP# 187-151-79) – Approx. 9,583 sq. ft. Additional Perks • No HOA, saving you thousands annually. • Conveniently located near I-15 while maintaining a quiet, rural atmosphere close to North Escondido’s amenities. This unique offering combines the charm of a multi-unit home with the flexibility of additional parcels, making it a dream opportunity for investors or anyone seeking space and potential in a peaceful hillside setting.
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.
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.
Courtesy: Remodel Realty, Inc
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.
