740 S Escondido Blvd, Escondido CA, 92025

Active

740 S Escondido Blvd

Escondido CA, 92025

$1,650,000

Active

Commercial

Listed by Bill Anderson with Acre Investment Real Estate 858-245-4887

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 appeal to a diverse tenant base.

240028584SD

MLSⓇ ID

December 17, 2024

Listed

December 22, 2024

Updated

Map

740 S Escondido Blvd
Escondido CA, 92025

Other Property Details

Area Name: 92025 - Escondido
Days on Market: 1
Garage: No
Parking Total: 0
View: No
County: San Diego
Pool: No

Listing Contact: 760-809-3626

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/22/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 12/22/2024 at 1:18 AM UTC