Property profile

1015 Ohio Ave Escondido, CA 92025

OFF-MARKET
Other apartment buildings
Property ID
US09-9322097
9,472 SF 0.33 ac lot Built 1969
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The Bali Apartments is a fully renovated, 15-unit multifamily property in Escondido, North County San Diego. The building contains fifteen 1-bedroom, 1-bathroom units, each approximately 630 square feet, for a total building size of 9,472 square feet. On-site parking includes 22 surface spaces, with 14 spaces covered. Each unit is configured with modernized interior finishes, including renovated kitchens and bathrooms, updated flooring and fixtures, and dual-pane vinyl windows; kitchens feature countertop seating and stainless steel appliances with luxury gas ranges and floating vent hoods, and each unit includes an air conditioning unit. The property has undergone major systems and exterior improvements, including a roof replacement in 2023 and new electrical panels in all units in 2021.

Property profile

Verified
Property type Other apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1969
Total area 9,472 SF
Lot 0.33 ac (14,558 SF)
Zoning code RESTRICTED COMMERCIAL
APN 230-201-18-00
UPID US09-9322097

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company General Contractor

Location

1015 Ohio Ave Escondido, CA 92025-4660
Escondido metro Census 20202 SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.50M
CAP Approach CAP
$2.41M
Comparable Approach Comparable
$3.21M
Blend (final) Blend
$3.73M

Owner & transaction history

since 2021
Last sale
$3.4M
7 recorded transactions
2021
Price N/A
2021
$3.4M
2021
Price N/A
2019
$2.5M
2003
Price N/A
1990
$740,000
1969
Price N/A

Zoning & alternative use

RESTRICTED COMMERCIAL · Escondido, CA
Top alternative use upside
Auto repair, garage $3.6M +65.4%
Office building $3.4M +56.2%
Medical building $2.9M +31.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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