Property Details
About this Property
We are pleased to offer The Grand @ City Center apartments a Value-Add deal located in the heart of Escondido. The property is situated on two adjacent parcels on the corner of S Maple Street and W 3rd Avenue with close proximity to downtown Escondido. The opportunity contains a very dynamic unit mix of a 3br/1ba SFR, 6-1br/1ba detached cottages (with private yards), one 2br/1ba apartment, five 1br/1ba apartments and five studio apartments. Other amenities include six single car garages (perfect for an ADU conversion) and laundry facilities. The property offers a very quaint courtyard style atmosphere as current ownership has implemented many recent capital improvements (see OM). There is also significant rental upside potential. *** There is new loan on the property with Chase Bank that has a current loan balance of $2,225,000. The loan has an interest rate of 3.37% and has interest only payments through 10/1/2024. Then it converts to a fixed rate (fully amortized) of 3.37% until 10/1/2026.
MLS Listing Information
MLS #
SD230003308
MLS Source
San Diego MLS
Buyer's Brokerage Compensation*
2.00
Interior Features
Flooring
Other, Vinyl, Wood
Cooling
Other
Heating
Other, Wall Furnace
Exterior Features
Roof
Composition
Parking, School, and Other Information
Garage/Parking
Garage, Other, Garage: Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 9 | 18 | – |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | – | 0/0 | – | $2,950 | – |
| 2 | – | – | 0/0 | – | $16,548 | – |
| 3 | – | – | 0/0 | – | $2,059 | – |
| 4 | – | – | 0/0 | – | $9,213 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
209-227 W 3rd Avenue is a Residential Income in Escondido, CA 92025. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in –. This address can also be written as 209-227 W 3rd Avenue, Escondido, CA 92025.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of September 12, 2023. For the most current information, please contact Josh Browar, (858) 414-4398
