Escondido, CA 92025 101 E 15th Avenue
$2,750,000
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
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
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
Private PoolNo
SpaNo
Total Parking25.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate