Renovated Escondido Apartments with
1015 East Ohio Avenue Escondido, CA 92025
1015 East Ohio Avenue, Escondido, CA, 92025
$3,750,000
For Sale
$3,750,000
Fully renovated 15-unit apartment building in Escondido, North County San Diego.
Property Size9,472 SF
Price / SF$395.90
Days on Market115
Property Features for 1015 East Ohio Avenue
General Information
- Standard status
- Active
- Size
- 9,472 SF
- Property subtype
- Commercial-Res Income / Com-Res Income
Listing Agency
CBRE
(858) 248-1222
Listed by
Nate Pepper · License #01993739
(858) 248-1222
Source
Compass
Added: Mar 26 Checked: Jul 17 at 5:05 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE
Investment Insights
Based on property information with market context.
The Bali Apartments is a fully renovated 15-unit apartment building located in Escondido, North County San Diego. The property features fifteen 1-bedroom, 1-bathroom units, each approximately 630 square feet. There are 22 surface parking spaces available, 14 of which are covered. Each unit features modern finishes, including fully renovated kitchens and bathrooms, new flooring and fixtures, and dual-pane vinyl windows. Kitchens include countertop seating, stainless steel appliances, luxury gas ranges, and floating vent hoods. Each unit also has an air conditioning unit. Major recent improvements include a full roof replacement in 2023 and new electrical panels in all units in 2021. The property has a 5.22% Cap Rate with Upside. The building's total size is 9,472 square feet.
Key Highlights
- Fully renovated 15‑unit apartment building in Escondido, North County San Diego.
- Attractive 5.22% Cap Rate with potential for increased returns.
- Recent major improvements: full roof replacement (2023) and new electrical panels (2021).
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $301.2k | $31.80 |
| − Vacancy | −$16.6k | −$1.75 |
| EGI | $284.6k | $30.05 |
| − OpEx | −$128.1k | −$13.52 |
| NOI | $156.6k | $16.53 |
9,472 SF · lease $31.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.24M
$1.96M – $2.61M
NOI $156,554 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.34M
$2.93M – $3.90M
NOI $234,057 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
APARICIO HANDYMAN SERVISE
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Fully renovated 15-unit apartment building in Escondido, North County San Diego.
Where is this apartment building located?
The property is located at 1015 East Ohio Avenue Escondido, CA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Fully renovated 15‑unit apartment building in Escondido, North County San Diego.; Attractive 5.22% Cap Rate with potential for increased returns.; Recent major improvements: full roof replacement (2023) and new electrical panels (2021).
