$7,225,000
$8,300,000
13.0%For more information regarding the value of a property, please contact us for a free consultation.
0.51 Acres Lot
SOLD DATE : 04/28/2025
Key Details
Sold Price $7,225,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 250018218SD
Sold Date 04/28/25
HOA Y/N No
Lot Size 0.510 Acres
Property Sub-Type Mixed Use
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.
Location
State CA
County San Diego
Area 92027 - Escondido
Interior
Fireplace No
Exterior
Total Parking Spaces 22
Others
Tax ID 23023014
Financing Cash
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Bought with Erik Anderson • Newmark of Southern California
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "