1942-44 S Broadway

    Escondido, CA 92025
    • $1,400,000
    • STATUS: ACTIVE
    • ON SITE: 23 days
    • ID#: 180049018
    UPDATED: 176 min ago
    $1,400,000
    • 0
      BEDS
    • 0.35
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    1942 S Broadway is a well located, six (6) unit apartment building constructed in 1970 in the high-demand rental market of Escondido. The 5,031 sq.ft. property is situated on a large 15,010 sq.ft. lot and comprised of five (5) spacious 1BR-1BA units and one (1) 4BR-2BA detached house with it’s own exclusive pool! The property sits on top of a hill providing privacy, seclusion and a cool breeze for the tenants. One of the one bedroom units has been completely remodeled providing a template and basis for strong rental upside on the remaining (4) one bedroom units. Ideally located less than 1 mile from the Trader Joes, Vons, CVS, Jimbo’s Naturally and Wells Fargo Bank. Nearby points of interest include the San Diego Safari Park, Westfield North County Mall Kit Carson Park, San Pasqual HS and Juniper Elementary School. The property also boasts exceptional access (less than 5 minutes away) from interstate 15 at the W Citracado Parkway on and off ramps.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 San Diego MLS, Inc.
    www.triolorealty.com/homes/87111458

    1942-44 S Broadway Escondido, CA 92025

    • Price: $1,400,000
    • Status: ACTIVE
    • Updated: 176 min ago
    • ID#: 180049018
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.35
    Acres
    Neighborhood:
    Escondido (92025)
    County:
    San Diego
    Area:
    Escondido (92025)
    Property Description
    1942 S Broadway is a well located, six (6) unit apartment building constructed in 1970 in the high-demand rental market of Escondido. The 5,031 sq.ft. property is situated on a large 15,010 sq.ft. lot and comprised of five (5) spacious 1BR-1BA units and one (1) 4BR-2BA detached house with it’s own exclusive pool! The property sits on top of a hill providing privacy, seclusion and a cool breeze for the tenants. One of the one bedroom units has been completely remodeled providing a template and basis for strong rental upside on the remaining (4) one bedroom units. Ideally located less than 1 mile from the Trader Joes, Vons, CVS, Jimbo’s Naturally and Wells Fargo Bank. Nearby points of interest include the San Diego Safari Park, Westfield North County Mall Kit Carson Park, San Pasqual HS and Juniper Elementary School. The property also boasts exceptional access (less than 5 minutes away) from interstate 15 at the W Citracado Parkway on and off ramps.
    Exterior Features

    Parking Carports

    Interior Features

    Baths Unit1 1 Baths Unit2 1 Baths Unit3 1 Baths Unit4 1 Baths Unit5 1 Baths Unit6 2 Bedrooms Unit1 1 Bedrooms Unit2 1 Bedrooms Unit3 1 Bedrooms Unit4 1 Bedrooms Unit5 1 Bedrooms Unit6 4 Cooling Wall/Window Sq Ft Of Improvement 5031

    Property Features

    Actual Cap Rate 4.5 Actual Gross Scheduled Income 97800 Actual Operating Expense 31870 Assumable Finance 0 Buildings 1 Complex Features Heated Pool Gross Equity 0 Gross Multiplier 14.31 Have Units Mandatory Remarks None Known Market Area North County Motive Want Sell Other Income Actual 900 Projected Cap Rate 5.52 Projected Gross Multiplier 12.4 Projected Gross Scheduled Inc 111000 Projected Net Income 77300 Projected Operating Expense 31870 Short Sale No Sq Ft Source Buyer To VerifyTax Record Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Number6 1 Unit Rent Total1 1200 Unit Rent Total2 1150 Unit Rent Total3 1150 Unit Rent Total4 1225 Unit Rent Total5 1350 Unit Rent Total6 2000 Unit Rent1 1200 Unit Rent2 1150 Unit Rent3 1150 Unit Rent4 1225 Unit Rent5 1350 Unit Rent6 2000 Unit Type Apartment Zoning R-2:Minor

    Listing provided courtesy of Apartment Consultants, Inc.. Listing information © 2018 San Diego MLS, Inc.
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 San Diego MLS, Inc.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130