251-257 N Cedar St, Escondido, CA 92025

$1,288,000
8
BD
4
BA

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Sold Price
$1,288,000
List Price
$1,396,500
Closing Date
Jan 24, 2025
Status
CLOSED
MLS#
240028102
Bedrooms
8
Bathrooms
4
City
Escondido
Neighborhood
East Escondido
Complex/Building Name
Escondido
Property Type
Multifamily
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.

Additional Information

Building Name
Escondido
Cooling
Other
Neighborhood
East Escondido
Roof
Composition
Year Built
1963

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Bob Davie (858-229-9051) from Listing Office: SD Residential Property Mgmt.

Selling Office: Bluxen, Inc.

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