501 N Fig Street, Escondido, CA 92025

$1,800,000

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List Price
$1,800,000
Status
ACTIVE
MLS#
NDP2608633
Year Built
1992
Lot Size
8,843
Acres
0.20
Lot Location
Front Yard
Days on Market
0
Property Type
Multifamily
Property Sub Type
Quadruplex

Property Description

We are pleased to offer (4) Condo Quality – Newer Built apartments in beautiful Escondido California. The property consists of extra-large (2) 2 Bedroom + Den / 2 Bath and (2) 2 Bedroom/2 Bath units. Each unit has a fireplace + washer / dryers inside the apartment. The upstairs units have vaulted ceilings. Each unit has a patio or a balcony. The property was constructed in 1992 and includes tile roofs, designer windows, stamped concrete driveway. The property also provides ample parking spaces with (4) single car garages and additional (8) uncovered parking spaces. This represents a unique opportunity to own a rare Condo-Quality Multi-Family investment property with tremendous upside through rent stabilization. It’s priced well below recent “price per square foot” sale comps.

Additional Information

Pool Description
None
Garage Spaces Total
4
Sewer
Public Sewer
Attached Structure
Attached
Number Of Units Total
4
Gross Scheduled Income
$96,060
Operating Expense
36740

Listing courtesy of Listing Agent: Dave Plutner (dplutner@gmail.com) from Listing Office: DP Properties.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.