GET MORE INFORMATION
$ 1,288,000
$ 1,396,500 7.8%
251-257 N Cedar Street Escondido, CA 92025
8 Beds
4 Baths
800 SqFt
UPDATED:
Key Details
Sold Price $1,288,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 800 sqft
Price per Sqft $1,610
Subdivision East Escondido
MLS Listing ID 240028102
Sold Date 01/24/25
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1963
Property Description
Turn-Key 4-Unit Investment Property in East Escondido – Immediate Cash Flow! Discover an incredible investment opportunity with this fully tenant-occupied 4-unit property in desirable East Escondido. Generating nearly $8,000 in monthly rental income, this property offers long-term tenants and a prime location, making it a rare find for savvy investors. This well-maintained building consists of three 2-bedroom, 1-bathroom units located downstairs, and one 2-bedroom, 1-bathroom unit upstairs. The upstairs unit features a private patio, while all tenants enjoy the common fenced yard. The property's low-maintenance nature ensures a hassle-free investment, offering steady returns for years to come. Situated on a quiet residential street with a Walk Score of 71, the property is ideally located near stores, restaurants, and public transportation, making it a highly desirable place for tenants to call home. This turn-key asset is perfect for investors looking to add a high-performing property to their portfolio. With tenant stability, strong rental income, and a prime location, this investment offers both immediate cash flow and long-term growth potential.
Location
State CA
County San Diego
Community East Escondido
Area Escondido (92025)
Building/Complex Name Escondido
Interior
Cooling Other/Remarks
Exterior
Exterior Feature Stucco
Parking Features Unit1:Detached Unit2:Detached Unit3:Detached Unit4:Detached
Garage Spaces 4.0
Fence Full
Community Features Laundry Facilities
Complex Features Laundry Facilities
Roof Type Composition
Building
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional
Space Rent $1,945
Listing Terms Cash, Conventional
Financing Conventional
Bought with Farid Khayamian • Bluxen, Inc