Active
318 E Washington Avenue
Escondido CA, 92025
$1,875,000
Active
Commercial
Listed by Austin Huffman with Marcus & Millichap 858-373-3100
We are pleased to present 318 E Washington Ave., a 6-unit multifamily asset located in Escondido, California, near Escondido's historic downtown district and Escondido Transit Center. The property is comprised of (6) two-bedroom / one-bathroom floorplans averaging 720 square feet of living area. The property features ample parking with a mix of carports and open spaces. The site orientation is ideal, residents enjoy quick access to countless restaurants, cafes, museums, salons, spas, entertainment, shopping, and neighborhood amenities. With proximity to the Escondido Transit Center, the downtown district and Grand Avenue corridor are centered around Smart Growth initiatives by SANDAG and the City of Escondido, intended to enhance the area by encouraging transit-oriented land uses and future developments. The Grand Avenue Vision Project is a $15 million community-driven objective underway to enhance the corridor with widened sidewalks, improved parking, expanded outdoor dining space, new lighting, and a new Charity Arch over Grand Avenue that befittingly showcases the vibrant neighborhood and transit gateway. With an upward trajectory of activity in the submarket, along the 78 Corridor & North I-15, demand for multifamily is increasing. The submarket boasts a strong employment base that continues to diversify, bringing new residents and attractive rents. Notably, Apple purchased 67-acres in Rancho Bernardo that will likely be used for chip manufacturing. View More: https://www.marcusmillichap.com/properties/166415/318-e-was
240025134SD
MLSⓇ ID
October 23, 2024
Listed
January 15, 2025
Updated
Map
318 E Washington Avenue
Escondido CA, 92025
Other Property Details
Area Name
92025 - Escondido
Days on Market
84
Garage
No
Parking Total
0
View
No
County
San Diego
Pool
No
Listing Contact: 818-212-2250
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 1/15/2025. 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.
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Data last updated on 1/15/2025 at 10:08 PM UTC