136 E 5th Ave | 136 E 5th Ave
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136 E 5th Ave 136 E 5th Ave
3 Unit Apartment Building $1,543,625 CAD ($514,542 CAD/Unit) 5.20% Cap Rate Escondido, CA 92025
Investment Highlights
- Spacious 3-bedroom, 2-bathroom unit, ideal for families or larger households, along with two studio units
- The expansive yard space provides endless possibilities for outdoor enjoyment, gardening, or even potential future enhancements
- Renovated in 2024, all units boast updated finishes and are currently achieving market-level rents
Executive Summary
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.
Financial Summary (Pro forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$117,367
|
$58.42
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,521
|
$1.75
|
| Effective Gross Income |
$113,846
|
$56.67
|
| Taxes |
-
|
-
|
| Operating Expenses |
$33,655
|
$16.75
|
| Total Expenses |
$33,655
|
$16.75
|
| Net Operating Income |
$80,191
|
$39.92
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $117,367 |
| Annual Per SF | $58.42 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,521 |
| Annual Per SF | $1.75 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $113,846 |
| Annual Per SF | $56.67 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $33,655 |
| Annual Per SF | $16.75 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $33,655 |
| Annual Per SF | $16.75 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $80,191 |
| Annual Per SF | $39.92 |
Property Facts
| Price | $1,543,625 CAD | Property Subtype | Apartment |
| Price Per Unit | $514,542 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.20% | Building Size | 2,009 SF |
| Gross Rent Multiplier | 13.5 | No. Stories | 1 |
| No. Units | 3 | Year Built/Renovated | 1945/2024 |
| Property Type | Multifamily | Parking Ratio | 1.99/1,000 SF |
| Price | $1,543,625 CAD |
| Price Per Unit | $514,542 CAD |
| Sale Type | Investment |
| Cap Rate | 5.20% |
| Gross Rent Multiplier | 13.5 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,009 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1945/2024 |
| Parking Ratio | 1.99/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $2,693 CAD | 324 - 405 |
| 3+2 | 1 | $5,103 CAD | 1,280 |
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Walk Score ®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 233-172-11 | Total Assessment | $444,642 CAD |
| Land Assessment | $237,830 CAD | Annual Taxes | $0 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $206,812 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
233-172-11
Land Assessment
$237,830 CAD
Improvements Assessment
$206,812 CAD
Total Assessment
$444,642 CAD
Annual Taxes
$0 CAD ($0.00 CAD/SF)
Tax Year
2024
zoning
| Zoning Code | R-4 Multiple Residential |
| R-4 Multiple Residential |
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136 E 5th Ave | 136 E 5th Ave
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