Triplex with Covered
1035 E 3rd Ave, Escondido, CA 92025
For Sale
New
$1,125,000
Three units offer a mix of two- and three-bedroom layouts, with covered parking at every residence.
Property Size3,126 SF
Days on Market2
Property Features for 1035 E 3rd Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Tenant in Place
Amenities
indoor laundry
Building Details
Building Size
Year Built
Units
Tenancy
Listed By:
Steve Webber
(760) 420-0727
Source:
Elliman
Added: Nov 12
Changed: Nov 13
Last Checked: Nov 12 at 2:18PM
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 Steve Webber
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Investment Insights
Based on property information with market context.
Built in 1950, this triplex contains one two-bedroom, one-and-a-half-bath unit and two three-bedroom, one-and-a-half-bath units. Indoor laundry is provided in both three-bedroom residences. Two units have a one-car garage, and each residence has a covered carport. The units are reported to be in good condition and are occupied by long-term tenants.
At 1035 E 3rd Ave in Escondido, the property has a Walk Score of 71, a Bike Score of 66, and a Transit Score of 37.
At 1035 E 3rd Ave in Escondido, the property has a Walk Score of 71, a Bike Score of 66, and a Transit Score of 37.
Key Highlights
- Three‑unit property with one two‑bedroom and two three‑bedroom residences
- Each unit has a covered carport
- Two units include a one‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,997
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,119,940
$1.1M
Cap Rate 7%
$799,957
$800.0K
Cap Rate 9%
$622,189
$622.2K
Market Conditions
NOI Build-Up for 3,126 SF
Gross rent
$84.4K $27.00/SF
− Vacancy
−$4.4K −$1.41/SF
EGI
$80.0K $25.59/SF
− OpEx
−$24.0K −$7.68/SF
NOI
$56.0K $17.91/SF
Area
Escondido, CA
Vacancy
5.22%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,119,940
Cap Rate 7%
$799,957
Cap Rate 9%
$622,189
Alternative Uses
Best Use
Multifamily LT 5
$800.0K
$700.0K – $933.3K
NOI $55,997 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$738.1K
$645.8K – $861.1K
NOI $51,667 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$1.10M
$965.6K – $1.29M
NOI $77,245 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,816
Businesses Nearby
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Business Placement
Demographics for 92025, CA
51,586
Population
17,376
Households
3
Avg Household Size
35
Median Age
28%
College-Educated
78%
High-School Grad
22.4 sq mi
ZIP Area
2,303
Density / Sq Mi
$71,716
Median Household Income
$41,218
Median Earnings
$1,823
Median Rent
$767,400
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in San Diego County, CA
Properties on Market for Triplexes in San Diego County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three units offer a mix of two- and three-bedroom layouts, with covered parking at every residence.
Where is this triplex located?
The property is located at 1035 E 3rd Ave Escondido, CA.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Three‑unit property with one two‑bedroom and two three‑bedroom residences; Each unit has a covered carport; Two units include a one‑car garage
