1316 E Grand, Escondido, CA 92027
- $7,225,000
- 3
- BD
- 3
- BA
- 19,363
- SqFt
- Sold Price
- $7,225,000
- List Price
- $8,300,000
- Closing Date
- Apr 28, 2025
- Status
- CLOSED
- MLS#
- 250018218
- Bedrooms
- 3
- Bathrooms
- 3
- Living Sq. Ft
- 19,363
- City
- Escondido
- Property Type
- Multifamily
Property Description
Grandview Escondido presents a prime opportunity to acquire a newly constructed (2023), fully leased 15-unit multifamily asset in the heart of Escondido. Strategically located within the I-15 and Highway 78 corridor, the property benefits from immediate access to retail, dining, and essential services. Escondido is a rapidly growing submarket within North San Diego County, boasting a strong employment base, top-tier education institutions, and a diverse population. The city offers a competitive rental market with favorable occupancy trends, making Grandview an ideal investment for long-term appreciation and income growth. 1-YEAR "MASTER-LEASE" WITH SELLER Upon transfer of the property, seller will enter into a no-cost one-year management agreement and guarantee rents of $48,000/ monthly to the benefit of the buyer. To be further defined, contact broker for additional information.
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Additional Information
- Living Area
- 19,363
- Stories
- 3
- Parking Spaces
- 22
Mortgage Calculator
Listing courtesy of Listing Agent: Erik M Anderson (858-395-6935) from Listing Office: Newmark of Southern California.
Selling Office: Newmark of Southern California.
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