927 S Maple Street

    Escondido, CA 92025
    • $825,000
    • STATUS: Active
    • ON SITE: 37 days
    • ID#: SR18249020
    UPDATED: 66 min ago
    $825,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,056
      SQFT
    • $401
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    Invest in the Charm of Old Escondido. On the market for the first time in decades, this 13,281 sft corner lot offers four separate individual units to diversify your rental investment income. Three charming 1 bedroom bungalows on 10th Avenue harken back to a simpler time when the Roosevelt, Truman and Eisenhower administrations were in the news. There is another 2 bedroom bungalow of 760 sft on Maple Street with its own fenced backyard that completes this investment opportunity. All units have long term tenants and the entire lot has potential to spare. A 2nd Two Bedroom Unit use to exist on Maple Street but was removed years ago due to fire damage. Contact the City regarding possible re-construction of the two bedroom unit. Bring your contractor and become of part of Escondido's architectural history, you just don't see them like this any more!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-19T12:28:43.37. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/88457395

    927 S Maple Street Escondido, CA 92025

    • Price: $825,000
    • Status: Active
    • Updated: 66 min ago
    • ID#: SR18249020
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    2,056
    SQFT
    $401
    $/SQFT
    1925
    Built
    Neighborhood:
    699 - Not Defined
    County:
    San Diego
    Area:
    699 - Not Defined
    Property Description
    Invest in the Charm of Old Escondido. On the market for the first time in decades, this 13,281 sft corner lot offers four separate individual units to diversify your rental investment income. Three charming 1 bedroom bungalows on 10th Avenue harken back to a simpler time when the Roosevelt, Truman and Eisenhower administrations were in the news. There is another 2 bedroom bungalow of 760 sft on Maple Street with its own fenced backyard that completes this investment opportunity. All units have long term tenants and the entire lot has potential to spare. A 2nd Two Bedroom Unit use to exist on Maple Street but was removed years ago due to fire damage. Contact the City regarding possible re-construction of the two bedroom unit. Bring your contractor and become of part of Escondido's architectural history, you just don't see them like this any more!
    Exterior Features

    Architectural Style Bungalow Garage Spaces 0.00 Lot Features 0-1 Unit/AcreCorner Lot Lot Size Source Seller Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 432 Average1 Bed Area Units Square Feet Average2 Bed Area 760 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features See Remarks Levels One

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 3.58 Community Features Suburban Country Us Elevation Units Feet Gardener Expense 1800.00 Gross Income 50340.00 Gross Multiplier 16.39 Gross Operating Income 50340.00 Gross Scheduled Income 50340.00 Insurance Expense 2300.00 Land Lease YN No Laundry YN Yes Maintenance Expense 2500.00 Net Operating Income 29541.00 New Construction YN No New Taxes Expense 9075.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 24299.00 Other Income1 3500.00 Professional Management Expense 3524.00 Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 24299.00 Trash Expense 951.00 Water Sewer Expense 4149.00 Water Source Public Year Built Source Estimated Zoning R1

    Listing provided courtesy of David Foster of Dilbeck Real Estate.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-19T12:28:43.37. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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