Opportunity to acquire two detached 2-bedroom, 1-bath homes with separate utilities situated on a 7,052 sq. ft. R-3 zoned lot in a centrally located Escondido neighborhood. Conveniently located near schools, shopping, restaurants, and major transportation corridors. Each unit offers private yard space, creating strong tenant appeal and long-term rental potential.… Read More Currently generating income with an estimated 6% cap rate, this property presents an excellent value-add opportunity for investors seeking to increase cash flow through renovations and rental repositioning. The large R-3 zoned lot may offer future expansion or redevelopment possibilities (buyer to verify). Whether you are seeking a long-term hold, a value-add renovation project, or a future development , this property offers multiple avenues to maximize returns. Ideal for investors, contractors, buyer's that are ready to roll up their sleeves, implement improvements, and unlock the property's full potential. Read Less
Property listed by Luda Phipps, Broker, Luda Phipps 310-259-7556
Listing Snapshot
Days Online
6
Last Updated
Lot Size
0.16 Acres
Year Built
1958
MLS Number
PTP2604604
Additional Details
Building
Built in 1958, 2 buildings, 1 storey, Entry level: 1, Entry location: 1
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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