Home | San Diego County | Escondido | 92025 | 351 55 W 8th Ave
MLS: CRPTP2604604 | Status: Active | Price: $699,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 7,052 | 1958 |
Opportunity to acquire two detached 2-bedroom, 1-bath homes with separate utilities situated on a 7,052 sq. ft. R-3 zoned lot in a centrally located Escondido neighborhood. Conveniently located near schools, shopping, restaurants, and major transportation corridors. Each unit offers private yard space, creating strong tenant appeal and long-term rental potential. Currently generating income with an estimated 6% cap rate, this property presents an excellent value-add opportunity for investors seeking to increase cash flow through renovations and rental repositioning. The large R-3 zoned lot may offer future expansion or redevelopment possibilities (buyer to verify). Whether you are seeking a long-term hold, a value-add renovation project, or a future development , this property offers multiple avenues to maximize returns. Ideal for investors, contractors, buyer's that are ready to roll up their sleeves, implement improvements, and unlock the property's full potential.
| Field | Value |
|---|---|
| MLS # | CRPTP2604604 |
| MLS Source | California Regional MLS |
| Days on Site | 7 |
| Feature | Details |
|---|---|
| Appliances | Other |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 1 Car(s) |
| HOA Fee | $0 |
Luda Phipps
Luda Phipps, Broker
License #: 02139266
Phone: (619) 277-5474
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 2 |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Central Elementary School | public | K-5 | 0.38 mi | 4 |
| Felicita Elementary School | public | K-5 | 0.57 mi | 5 |
| Juniper Elementary School | public | K-5 | 0.89 mi | 6 |
| Miller Elementary School | public | K-5 | 1.15 mi | 5 |
| Limitless Learning Academy | public | K-8 | 1.21 mi | 8 |
| Del Dios Middle School | public | 6-8 | 1.22 mi | 4 |
| Escondido Adult | public | UG | 1.32 mi | N/A |
| Mission Middle School | public | 6-8 | 1.43 mi | 3 |
| Lincoln Elementary School | public | K-5 | 1.52 mi | 4 |
| Del Lago Academy - Campus Of Applied Science | public | 9-12 | 1.65 mi | 9 |
| Farr Avenue Elementary School | public | K-5 | 1.71 mi | 5 |
| Pioneer Elementary School | public | K-5 | 1.84 mi | 3 |
| Bernardo Elementary School | public | K-5 | 1.98 mi | 8 |
| Oak Hill Elementary School | public | K-5 | 2.19 mi | 4 |
| Rose Elementary School | public | K-5 | 2.21 mi | 5 |
| Rock Springs Elementary School | public | K-5 | 2.26 mi | 4 |
| L. R. Green Elementary School | public | K-5 | 2.29 mi | 7 |
| Conway Elementary School | public | K-6 | 2.31 mi | 5 |
| Escondido High School | public | 9-12 | 2.37 mi | 5 |
| Bear Valley Middle School | public | 6-8 | 2.41 mi | 6 |
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 414 E Lincoln Ave | $695,000 | – | – | – | PendingDoNotShow |
| 926-28 E 2nd Avenue | $835,000 | – | – | – | Active |
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This listing information is up-to-date as of June 16, 2026. For the most current information, please contact Luda Phipps, (619) 277-5474.