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$ 1,288,000
$ 1,396,500 7.8%
Est. payment /mo
Sold on 01/24/2025
251 257 N Cedar Street Escondido, CA 92025
UPDATED:
Key Details
Sold Price $1,288,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision East Escondido
MLS Listing ID 240028102SD
Sold Date 01/24/25
HOA Y/N No
Year Built 1963
Property Description
Turn-Key 4-Unit Investment Property in East Escondido – Immediate Cash Flow! Discover an incredible investment opportunity with this fully tenant-occupied 4-unit property in desirable East Escondido. Generating nearly $8,000 in monthly rental income, this property offers long-term tenants and a prime location, making it a rare find for savvy investors. This well-maintained building consists of three 2-bedroom, 1-bathroom units located downstairs, and one 2-bedroom, 1-bathroom unit upstairs. The upstairs unit features a private patio, while all tenants enjoy the common fenced yard. The property's low-maintenance nature ensures a hassle-free investment, offering steady returns for years to come. Situated on a quiet residential street with a Walk Score of 71, the property is ideally located near stores, restaurants, and public transportation, making it a highly desirable place for tenants to call home. This turn-key asset is perfect for investors looking to add a high-performing property to their portfolio. With tenant stability, strong rental income, and a prime location, this investment offers both immediate cash flow and long-term growth potential. Turn-Key 4-Unit Investment Property in East Escondido – Immediate Cash Flow! Discover an incredible investment opportunity with this fully tenant-occupied 4-unit property in desirable East Escondido. Generating nearly $8,000 in monthly rental income, this property offers long-term tenants and a prime location, making it a rare find for savvy investors. This well-maintained building consists of three 2-bedroom, 1-bathroom units located downstairs, and one 2-bedroom, 1-bathroom unit upstairs. The upstairs unit features a private patio, while all tenants enjoy the common fenced yard. The property's low-maintenance nature ensures a hassle-free investment, offering steady returns for years to come. Situated on a quiet residential street with a Walk Score of 71, the property is ideally located near stores, restaurants, and public transportation, making it a highly desirable place for tenants to call home. This turn-key asset is perfect for investors looking to add a high-performing property to their portfolio. With tenant stability, strong rental income, and a prime location, this investment offers both immediate cash flow and long-term growth potential.
Location
State CA
County San Diego
Area 92025 - Escondido
Building/Complex Name Escondido
Interior
Cooling See Remarks
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 2301720800
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Listed by Bob Davie • SD Residential Property Mgmt
Bought with Farid Khayamian • Bluxen, Inc
Bought with Farid Khayamian • Bluxen, Inc