307-21 S Grape St
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307-21 S Grape St
5 Unit Apartment Building $3,749,091 CAD ($749,818 CAD/Unit) Escondido, CA 92025
Investment Highlights
- Unit 1 & 2 are both 3 bd 2 bath that are 1,200 square feet each and rents between $3900- $4,500 a month
- Includes two studio units that are 350 square feet each and rents for $1,925 a month.
- Convenient proximity to amenities such as Walmart, The Home Depot, Albertsons, and many food options.
- Unit 3 is 1,000 square feet and rents for $2,900 a month.
- This property presents a prime investment opportunity with excellent income potential.
- It is located in the historical downtown Escondido.
Executive Summary
Introducing a prime investment opportunity in the heart of Escondido, San Diego County. This 5-unit rental property offers a robust income potential with a gross rent of $14,500. The property features a diverse mix of units, including 2 spacious 3-bedroom homes, a charming 2-bedroom, 1-bath house at the rear, and two newly constructed ADUs, catering to the increasing demand for flexible living spaces.
Currently, the front house and both studios are generating solid rental income, with the house commanding $4,100, Studio #1 at $2,000, and Studio #2 at $1,695, reflecting the strong rental market in the area.
Nestled in close proximity to the historical downtown Escondido, this property offers the allure of a vibrant community and the convenience of urban amenities. With its strategic location and solid cash return, this investment opportunity presents a compelling prospect in the thriving Escondido rental market.
Currently, the front house and both studios are generating solid rental income, with the house commanding $4,100, Studio #1 at $2,000, and Studio #2 at $1,695, reflecting the strong rental market in the area.
Nestled in close proximity to the historical downtown Escondido, this property offers the allure of a vibrant community and the convenience of urban amenities. With its strategic location and solid cash return, this investment opportunity presents a compelling prospect in the thriving Escondido rental market.
Property Facts
| Price | $3,749,091 CAD | Building Class | B |
| Price Per Unit | $749,818 CAD | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 4,350 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1952 |
| Apartment Style | Low Rise |
| Price | $3,749,091 CAD |
| Price Per Unit | $749,818 CAD |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 4,350 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1952 |
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer Hookup
- Heating
- Hardwood Floors
- Deck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $5,900 CAD | 1,200 |
| 2+1 | 1 | $4,074 CAD | 1,000 |
| 1+1 | 2 | $2,704 CAD | 350 |
Walk Score ®
Very Walkable (77)
zoning
| Zoning Code | R3 (3 house and 2 studios on a large lot, impeccably manicured.) |
| R3 (3 house and 2 studios on a large lot, impeccably manicured.) |
-
Robert Wolf -
Wolf Real Estate Group
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307-21 S Grape St
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