740-750 Escondido Blvd
Escondido CA 92025
$1,650,000
Status: Active
Property Details
Description
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.
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Listing provided courtesy of Bill Anderson of Acre Investment Real Estate. Last updated 2024-12-18 10:21:28.000000. Listing information © 2024 PSIR CREST.
Greg Amat
Realtor
DRE# 02071886
12411 Rancho Bernardo Rd, Village Shopping Center
San Diego, CA 92128
Cellphone:
Moreno Gombia
Realtor
DRE# 02069405
12411 Rancho Bernardo Rd, Village Shopping Center
San Diego, CA 92128
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CA DRE# 683371
12411 Rancho Bernardo Rd, Village Shopping Center
San Diego, CA 92128
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