740-750 S Escondido Blvd
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740-750 S Escondido Blvd
4,868 SF 100% Leased Retail Building Escondido, CA 92025 $2,361,562 CAD ($485 CAD/SF) 5.65% Cap Rate
Investment Highlights
- Mixed-use property: Built in 1953, featuring 5 apartment units and 2 retail units across 6,692 sq. ft.
- Income potential: Immediate opportunities to generate additional revenue from laundry and garage rentals.
- Possible to convert the existing retail into multi-family
- RUBS income: Currently collecting additional revenue through a Ratio Utility Billing System (RUBS).
- ADU potential: Opportunity to convert the two retail units back into apartment units and garages into ADUs for extra income.
- Parking & storage: Includes two two-car garages, a one-car garage, and ample off-street parking.
Executive Summary
Built in 1953, this distinctive 4,868 sq. ft. mixed-use property in Escondido offers a compelling blend of residential and retail spaces on a spacious 14,206 sq. ft. parcel. The property consists of three structures, featuring five apartment units and two retail units, set within a tranquil, single-story garden community. It includes two two-car
garages, a one-car garage, and plenty of off-street parking for added convenience. The property currently generates additional income through a RUBS (Ratio Utility Billing System), and a new owner can further capitalize on immediate revenue opportunities from laundry and garage rentals.
A strategic opportunity lies in transforming the existing garages into a spacious two-bedroom unit while repurposing the two retail spaces into two additional two-bedroom units. This innovative approach would elevate the property's potential, expanding it into an 8-unit community featuring 4 two-bedroom and 4 one-bedroom
residences. By maximizing the space and increasing the number of units, this plan enhances the property's value and appeals to a diverse tenant base.
garages, a one-car garage, and plenty of off-street parking for added convenience. The property currently generates additional income through a RUBS (Ratio Utility Billing System), and a new owner can further capitalize on immediate revenue opportunities from laundry and garage rentals.
A strategic opportunity lies in transforming the existing garages into a spacious two-bedroom unit while repurposing the two retail spaces into two additional two-bedroom units. This innovative approach would elevate the property's potential, expanding it into an 8-unit community featuring 4 two-bedroom and 4 one-bedroom
residences. By maximizing the space and increasing the number of units, this plan enhances the property's value and appeals to a diverse tenant base.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$202,888
|
$29.84
|
| Other Income |
$20,095
|
$2.96
|
| Vacancy Loss |
$6,086
|
$0.89
|
| Effective Gross Income |
$216,897
|
$31.90
|
| Taxes |
$26,956
|
$3.96
|
| Operating Expenses |
$56,625
|
$8.33
|
| Total Expenses |
$83,581
|
$12.29
|
| Net Operating Income |
$133,317
|
$19.61
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $202,888 |
| Annual Per SF | $29.84 |
| Other Income (CAD) | |
|---|---|
| Annual | $20,095 |
| Annual Per SF | $2.96 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,086 |
| Annual Per SF | $0.89 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $216,897 |
| Annual Per SF | $31.90 |
| Taxes (CAD) | |
|---|---|
| Annual | $26,956 |
| Annual Per SF | $3.96 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $56,625 |
| Annual Per SF | $8.33 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $83,581 |
| Annual Per SF | $12.29 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $133,317 |
| Annual Per SF | $19.61 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,868 SF
Building Class
C
Year Built
1953
Price
$2,361,562 CAD
Price Per SF
$485 CAD
Cap Rate
5.65%
NOI
$133,428 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Zoning
CG, Escondido - Commercial
Parking
5 Spaces (1.03 Spaces per 1,000 SF Leased)
Frontage
121 ft on Escondido Blvd
Amenities
- Courtyard
- Signage
- Wheelchair Accessible
Walk Score ®
Very Walkable (89)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $2,078,747 CAD | |
| Land Assessment | $1,655,161 CAD | Annual Taxes | $26,956 CAD ($5.54 CAD/SF) |
| Improvements Assessment | $423,586 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,655,161 CAD
Improvements Assessment
$423,586 CAD
Total Assessment
$2,078,747 CAD
Annual Taxes
$26,956 CAD ($5.54 CAD/SF)
Tax Year
2024
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740-750 S Escondido Blvd
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