Escondido, CA 92025 101 E 15th Avenue
$2,900,000
52 more
Presented By: Nancy Howard with Howard West Coast Realty;
- MLS# ND25109847
- 05/17/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
SQFT • 7,608
Home Details
MULTI- FAMILY COMPLEX FOR SALE. This complex is on a 42,200 SQ. FT. LOT. 10 LIVING UNITS TOTAL. It has 2 Single Family Homes - 4 duplexes and 2 additional free standing apartments. 1 OUTBUILDING is on a LONG TERM LEASE as Contracted Storage and rented by the Quarter. Another STORAGE is a LARGE TUFF SHED currently used for Tools and Building Supplies. The CAP Rate for 2024 was .032. Stable tenants; no turnover in last 4 years. All Tenants are on Month to Month Contracts. Rents below market - POTENTIAL INVESTOR UPSIDE. Two Front Houses are SFR's. One home is 4 BR 2 BA 1200 SQ. FT. Other SFR is 3 BR 1 BA at 782 SQ. FT.; 5 UNITS are 900 Square Feet; 2 UNITS are 720 SQ. FT.;1 Apartment is a 2 Story, 3 BR 2 BA at 1200 SQ. FT. TWO FRONT HOMES have smaller backyards but extra storage built on site. ALL APARTMENTS have LARGE FENCED BACKYARDS;. EVERY Home has a Minimum of 2 PARKING SPACES. Most Homes have installed LUXUARY VINYL PLANKING FLOORING FOR waterproof and long lasting quality. Many have had upgrades inside the units. (See Photos).
Presented By: Nancy Howard with Howard West Coast Realty;
Interior Features for 101 E 15th Avenue
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesElectricDryerHookup, GasDryerHookup
Total Stories1
Other Rooms
Entry Level1
General for 101 E 15th Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Business TypeMultiTenant
Cap Rate0.03
Carport Spaces0.0
Carport Y/NNo
CityEscondido
CoolingWallWindowUnits
CountySan Diego
Current FinancingConventional
Current UseMultiFamily
DirectionsTake 15 to Escondido. Take 9th Street exit. Go East to Escondido Blvd. & Go Rt. Go to 15th and Turn Left. Go to 101 E. 15th. Driveway to Rt. of 101 into the complex. There are 2 houses in front; 3 du
Electric Expense0.0
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsConventional
Lot Size Square Feet42253.0
Lot Size UnitsSquareFeet
MLS Area92025 - Escondido
MobileHomeRemainsYNNo
Net Operating Income93925.0
New ConstructionNo
Number Of Units Total11
Number of Units Leased11
Occupancy TypeTenant
Open Parking Spaces25.0
Operating Expense75180.0
Property Attached Y/NNo
Property Sub Type AdditionalMultiFamily
Property SubtypeMultiFamily
Property TypeCommercialSale
Rent Control Y/NNo
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Year2024
TopographyLevel
Trash Expense8103.0
UtilitiesElectricityConnected, SewerConnected, WaterConnected
Water Sewer Expense14285.0
Waterfront Y/NNo
ZoningR-2: MINOR
Exterior for 101 E 15th Avenue
Building Area Total7608.0
Crops Included Y/NNo
FencingGoodCondition, Vinyl, Wood
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions200' X 211'
Lot FeaturesBackYard, LotOver40000Sqft, NearPublicTransit, Paved, RectangularLot, SprinklerSystem, StreetLevel, ValueInLand, Level
Lot Size Acres0.97
Lot Size Area42253.0
Lot Size SourceAssessor
LotDimensionsSourcePublicRecords
Number of Buildings11
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking25.0
Water SourcePublic
Additional Details
Price History
Hal Schlegel
Broker Associate