42
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$995,000
Est. payment /mo
5 Beds
2 Baths
0.27 Acres Lot
New
561 E Mission Escondido, CA 92025
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision East Escondido
MLS Listing ID 260024731
Bedrooms 5
Full Baths 2
Year Built 1949
Lot Size 0.272 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Discover an exceptional investment opportunity in the heart of Escondido! Situated on an approximately 11,859 sq. ft. corner lot, this property features two attached units totaling approximately 1,948 sq. ft. One unit offers 2 bedrooms and 1 bathroom; the other offers 3 bedrooms and 1 bathroom. Both units are occupied by established tenants on month-to-month leases, generating approximately $6,000 in combined monthly rent. According to the property management company, the tenants have generated relatively few maintenance requests over the past eight years. The generous lot and secondary access from the backyard add appeal for investors interested in exploring future development. Buyers may investigate the possibility of adding two ADUs or up to three additional units, subject to zoning, feasibility, permits, and city approval; no additional units are guaranteed. Conveniently located near Downtown Escondido, shopping, dining, parks, schools, and major transportation routes. Whether you're expanding your rental portfolio or seeking a property with long-term upside, this versatile offering combines existing rental income, desirable lot size, and exciting possibilities for the future. Buyer to verify all information, including rents, tenancy, unit details, and development potential.
Location
State CA
County San Diego
Area North County
Zoning R-3:RESTRI
Direction From N Broadway, head east on E Mission Ave. Continue to 561 E Mission Ave, Escondido, CA 92025.
Interior
Heating Wall/Gravity
Fireplace No
Exterior
Fence Partial
Utilities Available Sewer Connected
View Y/N Yes
Water Access Desc Meter on Property
Roof Type Composition
Building
Story 1
Water Meter on Property
Level or Stories 1
Others
Senior Community No
Tax ID 229-230-40-00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Ryan Khayamian, DRE#02226223 Bluxen, Inc.
Co-listed byFarid Khayamian • Bluxen, Inc.
Co-listed byFarid Khayamian • Bluxen, Inc.
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